Silverfin false false 31/01/2025 01/02/2024 31/01/2025 Mrs A Styring 29/01/2020 Mr P Styring 29/01/2020 02 May 2025 The principal activity of the Company during the financial year was providing a personal training platform. 12431696 2025-01-31 12431696 bus:Director1 2025-01-31 12431696 bus:Director2 2025-01-31 12431696 2024-01-31 12431696 core:CurrentFinancialInstruments 2025-01-31 12431696 core:CurrentFinancialInstruments 2024-01-31 12431696 core:Non-currentFinancialInstruments 2025-01-31 12431696 core:Non-currentFinancialInstruments 2024-01-31 12431696 core:ShareCapital 2025-01-31 12431696 core:ShareCapital 2024-01-31 12431696 core:RetainedEarningsAccumulatedLosses 2025-01-31 12431696 core:RetainedEarningsAccumulatedLosses 2024-01-31 12431696 core:Goodwill 2024-01-31 12431696 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-01-31 12431696 core:OtherResidualIntangibleAssets 2024-01-31 12431696 core:Goodwill 2025-01-31 12431696 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-31 12431696 core:OtherResidualIntangibleAssets 2025-01-31 12431696 core:PlantMachinery 2024-01-31 12431696 core:Vehicles 2024-01-31 12431696 core:OfficeEquipment 2024-01-31 12431696 core:PlantMachinery 2025-01-31 12431696 core:Vehicles 2025-01-31 12431696 core:OfficeEquipment 2025-01-31 12431696 bus:OrdinaryShareClass1 2025-01-31 12431696 bus:OrdinaryShareClass2 2025-01-31 12431696 bus:OrdinaryShareClass3 2025-01-31 12431696 2024-02-01 2025-01-31 12431696 bus:FilletedAccounts 2024-02-01 2025-01-31 12431696 bus:SmallEntities 2024-02-01 2025-01-31 12431696 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 12431696 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12431696 bus:Director1 2024-02-01 2025-01-31 12431696 bus:Director2 2024-02-01 2025-01-31 12431696 core:Goodwill core:TopRangeValue 2024-02-01 2025-01-31 12431696 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2024-02-01 2025-01-31 12431696 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-02-01 2025-01-31 12431696 core:Goodwill 2024-02-01 2025-01-31 12431696 core:OtherResidualIntangibleAssets 2024-02-01 2025-01-31 12431696 core:PlantMachinery 2024-02-01 2025-01-31 12431696 core:Vehicles 2024-02-01 2025-01-31 12431696 core:OfficeEquipment core:TopRangeValue 2024-02-01 2025-01-31 12431696 2023-02-01 2024-01-31 12431696 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-02-01 2025-01-31 12431696 core:OfficeEquipment 2024-02-01 2025-01-31 12431696 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 12431696 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 12431696 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 12431696 bus:OrdinaryShareClass2 2024-02-01 2025-01-31 12431696 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 12431696 bus:OrdinaryShareClass3 2024-02-01 2025-01-31 12431696 bus:OrdinaryShareClass3 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12431696 (England and Wales)

PROGRAM 10 LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

PROGRAM 10 LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

PROGRAM 10 LIMITED

BALANCE SHEET

As at 31 January 2025
PROGRAM 10 LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 5,974 10,565
Tangible assets 4 26,723 47,210
32,697 57,775
Current assets
Stocks 500 2,250
Debtors 5 0 2,478
Cash at bank and in hand 14,855 16,784
15,355 21,512
Creditors: amounts falling due within one year 6 ( 3,836) ( 22,569)
Net current assets/(liabilities) 11,519 (1,057)
Total assets less current liabilities 44,216 56,718
Creditors: amounts falling due after more than one year 7 ( 26,250) ( 29,250)
Provision for liabilities ( 6,977) ( 11,482)
Net assets 10,989 15,986
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 10,889 15,886
Total shareholders' funds 10,989 15,986

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Program 10 Limited (registered number: 12431696) were approved and authorised for issue by the Board of Directors on 02 May 2025. They were signed on its behalf by:

Mr P Styring
Director
PROGRAM 10 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
PROGRAM 10 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
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

Program 10 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 Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, 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. The company recognises revenue based on it's value of the services provided to date.

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.

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
Website costs 4 years straight line
Other intangible assets 5 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 5 years.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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 over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Office equipment 4 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.

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.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Intangible assets

Goodwill Website costs Other intangible assets Total
£ £ £ £
Cost
At 01 February 2024 12,000 1,463 10,830 24,293
At 31 January 2025 12,000 1,463 10,830 24,293
Accumulated amortisation
At 01 February 2024 9,600 1,433 2,695 13,728
Charge for the financial year 2,400 30 2,161 4,591
At 31 January 2025 12,000 1,463 4,856 18,319
Net book value
At 31 January 2025 0 0 5,974 5,974
At 31 January 2024 2,400 30 8,135 10,565

4. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 February 2024 7,636 69,673 8,778 86,087
Additions 1,357 0 0 1,357
Disposals 0 ( 29,991) 0 ( 29,991)
At 31 January 2025 8,993 39,682 8,778 57,453
Accumulated depreciation
At 01 February 2024 4,053 30,062 4,762 38,877
Charge for the financial year 784 5,163 2,102 8,049
Disposals 0 ( 16,196) 0 ( 16,196)
At 31 January 2025 4,837 19,029 6,864 30,730
Net book value
At 31 January 2025 4,156 20,653 1,914 26,723
At 31 January 2024 3,583 39,611 4,016 47,210

5. Debtors

2025 2024
£ £
Corporation tax 0 856
Other debtors 0 1,622
0 2,478

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 3,000 3,000
Other taxation and social security 39 796
Other creditors 797 18,773
3,836 22,569

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

2025 2024
£ £
Bank loans 1,250 4,250
Other creditors 25,000 25,000
26,250 29,250

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
51 Ordinary A shares of £ 1.00 each 51 51
44 Ordinary B shares of £ 1.00 each 44 44
5 Ordinary C shares of £ 1.00 each 5 5
100 100