Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mrs A C Smith 22/03/2023 Mr T J Smith 22/03/2023 09 March 2025 Providing a specialist service in hoof care for horses. 14750046 2024-12-31 14750046 bus:Director1 2024-12-31 14750046 bus:Director2 2024-12-31 14750046 2023-12-31 14750046 core:CurrentFinancialInstruments 2024-12-31 14750046 core:CurrentFinancialInstruments 2023-12-31 14750046 core:ShareCapital 2024-12-31 14750046 core:ShareCapital 2023-12-31 14750046 core:SharePremium 2024-12-31 14750046 core:SharePremium 2023-12-31 14750046 core:RetainedEarningsAccumulatedLosses 2024-12-31 14750046 core:RetainedEarningsAccumulatedLosses 2023-12-31 14750046 core:PlantMachinery 2023-12-31 14750046 core:Vehicles 2023-12-31 14750046 core:ComputerEquipment 2023-12-31 14750046 core:PlantMachinery 2024-12-31 14750046 core:Vehicles 2024-12-31 14750046 core:ComputerEquipment 2024-12-31 14750046 bus:OrdinaryShareClass1 2024-12-31 14750046 2024-01-01 2024-12-31 14750046 bus:FilletedAccounts 2024-01-01 2024-12-31 14750046 bus:SmallEntities 2024-01-01 2024-12-31 14750046 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 14750046 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14750046 bus:Director1 2024-01-01 2024-12-31 14750046 bus:Director2 2024-01-01 2024-12-31 14750046 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-01-01 2024-12-31 14750046 core:PlantMachinery core:TopRangeValue 2024-01-01 2024-12-31 14750046 core:Vehicles 2024-01-01 2024-12-31 14750046 core:ComputerEquipment core:TopRangeValue 2024-01-01 2024-12-31 14750046 2023-01-01 2023-12-31 14750046 core:PlantMachinery 2024-01-01 2024-12-31 14750046 core:ComputerEquipment 2024-01-01 2024-12-31 14750046 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 14750046 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14750046 (England and Wales)

TOM SMITH FARRIER LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

TOM SMITH FARRIER LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

TOM SMITH FARRIER LIMITED

BALANCE SHEET

As at 31 December 2024
TOM SMITH FARRIER LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 19,443 21,799
Tangible assets 3 27,747 19,091
47,190 40,890
Current assets
Stocks 4 2,480 2,038
Debtors 5 5,545 3,278
Cash at bank and in hand 14,363 12,818
22,388 18,134
Creditors: amounts falling due within one year 6 ( 37,884) ( 41,860)
Net current liabilities (15,496) (23,726)
Total assets less current liabilities 31,694 17,164
Provision for liabilities ( 5,272) 0
Net assets 26,422 17,164
Capital and reserves
Called-up share capital 7 101 101
Share premium account 11,267 11,267
Profit and loss account 15,054 5,796
Total shareholders' funds 26,422 17,164

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Tom Smith Farrier Limited (registered number: 14750046) were approved and authorised for issue by the Board of Directors on 09 March 2025. They were signed on its behalf by:

Mrs A C Smith
Director
Mr T J Smith
Director
TOM SMITH FARRIER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
TOM SMITH FARRIER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tom Smith Farrier Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Olde Orchard Dippertown, Lewdown, Okehampton, EX20 4PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
and it is probable that future economic benefits will flow to the entity.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Vehicles 25 % reducing balance
Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 January 2024 3,068 19,624 479 23,171
Additions 8,976 22,000 0 30,976
Disposals 0 ( 19,624) 0 ( 19,624)
At 31 December 2024 12,044 22,000 479 34,523
Accumulated depreciation
At 01 January 2024 384 3,680 16 4,080
Charge for the financial year 780 6,497 96 7,373
Disposals 0 ( 4,677) 0 ( 4,677)
At 31 December 2024 1,164 5,500 112 6,776
Net book value
At 31 December 2024 10,880 16,500 367 27,747
At 31 December 2023 2,684 15,944 463 19,091

4. Stocks

2024 2023
£ £
Stocks 2,480 2,038

5. Debtors

2024 2023
£ £
Trade debtors 945 1,407
Corporation tax 2,672 0
Other debtors 1,928 1,871
5,545 3,278

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 341
Taxation and social security 0 7,730
Other creditors 37,884 33,789
37,884 41,860

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
101 Ordinary shares of £ 1.00 each 101 101