Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr S R Chapman 19/03/2003 Mr A K Warren 19/03/2003 06 April 2025 The principal activity of the Company during the financial year was that of a retail outlet selling gifts and related products. 04702376 2024-12-31 04702376 bus:Director1 2024-12-31 04702376 bus:Director2 2024-12-31 04702376 2023-12-31 04702376 core:CurrentFinancialInstruments 2024-12-31 04702376 core:CurrentFinancialInstruments 2023-12-31 04702376 core:ShareCapital 2024-12-31 04702376 core:ShareCapital 2023-12-31 04702376 core:RetainedEarningsAccumulatedLosses 2024-12-31 04702376 core:RetainedEarningsAccumulatedLosses 2023-12-31 04702376 core:Goodwill 2023-12-31 04702376 core:Goodwill 2024-12-31 04702376 core:FurnitureFittings 2023-12-31 04702376 core:FurnitureFittings 2024-12-31 04702376 core:CostValuation 2023-12-31 04702376 core:AdditionsToInvestments 2024-12-31 04702376 core:DisposalsRepaymentsInvestments 2024-12-31 04702376 core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 04702376 core:CostValuation 2024-12-31 04702376 bus:OrdinaryShareClass1 2024-12-31 04702376 2024-01-01 2024-12-31 04702376 bus:FilletedAccounts 2024-01-01 2024-12-31 04702376 bus:SmallEntities 2024-01-01 2024-12-31 04702376 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04702376 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04702376 bus:Director1 2024-01-01 2024-12-31 04702376 bus:Director2 2024-01-01 2024-12-31 04702376 core:Goodwill core:TopRangeValue 2024-01-01 2024-12-31 04702376 core:FurnitureFittings 2024-01-01 2024-12-31 04702376 2023-01-01 2023-12-31 04702376 core:Goodwill 2024-01-01 2024-12-31 04702376 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04702376 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04702376 (England and Wales)

C & W TRADING LIMITED

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

C & W TRADING LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

C & W TRADING LIMITED

BALANCE SHEET

As at 31 December 2024
C & W TRADING LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 0 4,300
Tangible assets 4 126 168
Investments 5 339,771 315,290
339,897 319,758
Current assets
Stocks 6 15,093 13,240
Debtors 7 558 360
Cash at bank and in hand 250,817 289,508
266,468 303,108
Creditors: amounts falling due within one year 8 ( 20,869) ( 14,370)
Net current assets 245,599 288,738
Total assets less current liabilities 585,496 608,496
Provision for liabilities ( 32) ( 42)
Net assets 585,464 608,454
Capital and reserves
Called-up share capital 9 2 2
Profit and loss account 585,462 608,452
Total shareholders' funds 585,464 608,454

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 C & W Trading Limited (registered number: 04702376) were approved and authorised for issue by the Board of Directors on 06 April 2025. They were signed on its behalf by:

Mr A K Warren
Director
C & W TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
C & W TRADING 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

C & W Trading 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
Lowin House,
Tregolls Road
Truro
Cornwall
TR1 2NA
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 £.

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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and returns,

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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:

Goodwill 5 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 reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance

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 Profit and Loss Account 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. 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.

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. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 21,500 21,500
At 31 December 2024 21,500 21,500
Accumulated amortisation
At 01 January 2024 17,200 17,200
Charge for the financial year 4,300 4,300
At 31 December 2024 21,500 21,500
Net book value
At 31 December 2024 0 0
At 31 December 2023 4,300 4,300

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 January 2024 532 532
At 31 December 2024 532 532
Accumulated depreciation
At 01 January 2024 364 364
Charge for the financial year 42 42
At 31 December 2024 406 406
Net book value
At 31 December 2024 126 126
At 31 December 2023 168 168

5. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 315,290 315,290
Additions 294,840 294,840
Disposals ( 272,353) ( 272,353)
Movement in fair value 1,994 1,994
At 31 December 2024 339,771 339,771
Carrying value at 31 December 2024 339,771 339,771
Carrying value at 31 December 2023 315,290 315,290

6. Stocks

2024 2023
£ £
Stocks 15,093 13,240

7. Debtors

2024 2023
£ £
Trade debtors 361 174
Other debtors 197 186
558 360

8. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,011 1,539
Taxation and social security 10,666 2,844
Other creditors 9,192 9,987
20,869 14,370

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

10. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £nil (2023 - £nil)