Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr S Dabney 01/07/2019 Mr J Hammerton 08/06/2017 Mr I Lovett 08/06/2017 Mrs L Lovett 08/06/2017 25 March 2025 The principal activity of the Company during the financial year was the retail of electrical goods. 10809945 2024-06-30 10809945 bus:Director1 2024-06-30 10809945 bus:Director2 2024-06-30 10809945 bus:Director3 2024-06-30 10809945 bus:Director4 2024-06-30 10809945 2023-06-30 10809945 core:CurrentFinancialInstruments 2024-06-30 10809945 core:CurrentFinancialInstruments 2023-06-30 10809945 core:Non-currentFinancialInstruments 2024-06-30 10809945 core:Non-currentFinancialInstruments 2023-06-30 10809945 core:ShareCapital 2024-06-30 10809945 core:ShareCapital 2023-06-30 10809945 core:RetainedEarningsAccumulatedLosses 2024-06-30 10809945 core:RetainedEarningsAccumulatedLosses 2023-06-30 10809945 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 10809945 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-06-30 10809945 core:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 10809945 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-06-30 10809945 core:LandBuildings 2023-06-30 10809945 core:PlantMachinery 2023-06-30 10809945 core:Vehicles 2023-06-30 10809945 core:OfficeEquipment 2023-06-30 10809945 core:LandBuildings 2024-06-30 10809945 core:PlantMachinery 2024-06-30 10809945 core:Vehicles 2024-06-30 10809945 core:OfficeEquipment 2024-06-30 10809945 core:CostValuation 2023-06-30 10809945 core:CostValuation 2024-06-30 10809945 bus:OrdinaryShareClass1 2024-06-30 10809945 bus:OrdinaryShareClass2 2024-06-30 10809945 bus:OrdinaryShareClass3 2024-06-30 10809945 2023-07-01 2024-06-30 10809945 bus:FilletedAccounts 2023-07-01 2024-06-30 10809945 bus:SmallEntities 2023-07-01 2024-06-30 10809945 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10809945 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10809945 bus:Director1 2023-07-01 2024-06-30 10809945 bus:Director2 2023-07-01 2024-06-30 10809945 bus:Director3 2023-07-01 2024-06-30 10809945 bus:Director4 2023-07-01 2024-06-30 10809945 core:PatentsTrademarksLicencesConcessionsSimilar core:BottomRangeValue 2023-07-01 2024-06-30 10809945 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-07-01 2024-06-30 10809945 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:BottomRangeValue 2023-07-01 2024-06-30 10809945 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-07-01 2024-06-30 10809945 core:LandBuildings core:TopRangeValue 2023-07-01 2024-06-30 10809945 core:PlantMachinery core:TopRangeValue 2023-07-01 2024-06-30 10809945 core:Vehicles core:TopRangeValue 2023-07-01 2024-06-30 10809945 core:OfficeEquipment core:BottomRangeValue 2023-07-01 2024-06-30 10809945 core:OfficeEquipment core:TopRangeValue 2023-07-01 2024-06-30 10809945 2022-07-01 2023-06-30 10809945 core:PatentsTrademarksLicencesConcessionsSimilar 2023-07-01 2024-06-30 10809945 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-07-01 2024-06-30 10809945 core:LandBuildings 2023-07-01 2024-06-30 10809945 core:PlantMachinery 2023-07-01 2024-06-30 10809945 core:Vehicles 2023-07-01 2024-06-30 10809945 core:OfficeEquipment 2023-07-01 2024-06-30 10809945 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 10809945 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10809945 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 10809945 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 10809945 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 10809945 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 10809945 bus:OrdinaryShareClass3 2022-07-01 2023-06-30 10809945 1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10809945 (England and Wales)

TRADE IVY LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

TRADE IVY LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

TRADE IVY LIMITED

BALANCE SHEET

As at 30 June 2024
TRADE IVY LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 11,508 7,120
Tangible assets 4 227,565 144,099
Investments 5 1 1
239,074 151,220
Current assets
Stocks 2,125,489 1,936,203
Debtors 6 1,221,069 1,629,913
Cash at bank and in hand 201,735 292,458
3,548,293 3,858,574
Creditors: amounts falling due within one year 7 ( 1,488,642) ( 1,673,007)
Net current assets 2,059,651 2,185,567
Total assets less current liabilities 2,298,725 2,336,787
Creditors: amounts falling due after more than one year 8 ( 2,222,863) ( 2,295,808)
Provision for liabilities ( 30,046) ( 13,799)
Net assets 45,816 27,180
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 45,716 27,080
Total shareholder's funds 45,816 27,180

For the financial year ending 30 June 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 Trade Ivy Limited (registered number: 10809945) were approved and authorised for issue by the Board of Directors on 25 March 2025. They were signed on its behalf by:

Mr I Lovett
Director
TRADE IVY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
TRADE IVY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

Trade Ivy 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 C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Unit 3C, Latham Park, St Blazey Road, Par, PL24 2HY.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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:

Trademarks, patents and licences 5 - 10 years straight line
Website costs 5 - 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 basis over its expected useful life, as follows:

Land and buildings 20 years straight line
Plant and machinery 4 years straight line
Vehicles 4 years straight line
Office equipment 4 - 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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

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 48 29

3. Intangible assets

Trademarks, patents
and licences
Website costs Total
£ £ £
Cost
At 01 July 2023 9,164 24,890 34,054
Additions 7,405 0 7,405
At 30 June 2024 16,569 24,890 41,459
Accumulated amortisation
At 01 July 2023 6,035 20,899 26,934
Charge for the financial year 1,289 1,728 3,017
At 30 June 2024 7,324 22,627 29,951
Net book value
At 30 June 2024 9,245 2,263 11,508
At 30 June 2023 3,129 3,991 7,120

4. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 July 2023 17,183 112,009 55,196 49,177 233,565
Additions 0 87,286 26,105 15,804 129,195
At 30 June 2024 17,183 199,295 81,301 64,981 362,760
Accumulated depreciation
At 01 July 2023 1,927 66,865 0 20,674 89,466
Charge for the financial year 859 20,637 10,863 13,370 45,729
At 30 June 2024 2,786 87,502 10,863 34,044 135,195
Net book value
At 30 June 2024 14,397 111,793 70,438 30,937 227,565
At 30 June 2023 15,256 45,144 55,196 28,503 144,099

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 1
At 30 June 2024 1
Carrying value at 30 June 2024 1
Carrying value at 30 June 2023 1

6. Debtors

2024 2023
£ £
Trade debtors 893 3,957
Amounts owed by Group undertakings 773,229 813,148
Other debtors 446,947 812,808
1,221,069 1,629,913

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 7,800 7,800
Trade creditors 135,925 84,582
Amounts owed to Group undertakings 1,036,934 925,912
Other taxation and social security 279,402 246,662
Obligations under finance leases and hire purchase contracts 2,294 0
Other creditors 26,287 408,051
1,488,642 1,673,007

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 7,141 14,936
Obligations under finance leases and hire purchase contracts 21,399 0
Other creditors 2,194,323 2,280,872
2,222,863 2,295,808

The hire purchase is secured over the asset to which it relates.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
52 A Ordinary shares of £ 1.00 each 52 52
24 B Ordinary shares of £ 1.00 each 24 24
24 C Ordinary shares of £ 1.00 each 24 24
100 100

10. Ultimate controlling party

Parent Company:

Fraser Hammerton Group Holdings Limited

These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.