Silverfin false false 31/01/2025 01/08/2023 31/01/2025 Mr Eric Broadbelt 07/05/2003 Mrs Carol Broadbelt 07/05/2003 01 May 2025 The principal activity of the company continued to be that of selling hardware supplies. The company wound down all activity by the 31 January 2025. 04756366 2025-01-31 04756366 bus:Director1 2025-01-31 04756366 bus:Director2 2025-01-31 04756366 2023-07-31 04756366 core:CurrentFinancialInstruments 2025-01-31 04756366 core:CurrentFinancialInstruments 2023-07-31 04756366 core:Non-currentFinancialInstruments 2025-01-31 04756366 core:Non-currentFinancialInstruments 2023-07-31 04756366 core:ShareCapital 2025-01-31 04756366 core:ShareCapital 2023-07-31 04756366 core:RetainedEarningsAccumulatedLosses 2025-01-31 04756366 core:RetainedEarningsAccumulatedLosses 2023-07-31 04756366 core:OtherResidualIntangibleAssets 2023-07-31 04756366 core:OtherResidualIntangibleAssets 2025-01-31 04756366 core:LandBuildings 2023-07-31 04756366 core:PlantMachinery 2023-07-31 04756366 core:Vehicles 2023-07-31 04756366 core:OfficeEquipment 2023-07-31 04756366 core:LandBuildings 2025-01-31 04756366 core:PlantMachinery 2025-01-31 04756366 core:Vehicles 2025-01-31 04756366 core:OfficeEquipment 2025-01-31 04756366 2023-08-01 2025-01-31 04756366 bus:FilletedAccounts 2023-08-01 2025-01-31 04756366 bus:SmallEntities 2023-08-01 2025-01-31 04756366 bus:AuditExemptWithAccountantsReport 2023-08-01 2025-01-31 04756366 bus:PrivateLimitedCompanyLtd 2023-08-01 2025-01-31 04756366 bus:Director1 2023-08-01 2025-01-31 04756366 bus:Director2 2023-08-01 2025-01-31 04756366 core:LandBuildings core:TopRangeValue 2023-08-01 2025-01-31 04756366 core:PlantMachinery core:TopRangeValue 2023-08-01 2025-01-31 04756366 core:Vehicles 2023-08-01 2025-01-31 04756366 core:OfficeEquipment 2023-08-01 2025-01-31 04756366 2022-08-01 2023-07-31 04756366 core:OtherResidualIntangibleAssets 2023-08-01 2025-01-31 04756366 core:LandBuildings 2023-08-01 2025-01-31 04756366 core:PlantMachinery 2023-08-01 2025-01-31 04756366 core:Non-currentFinancialInstruments 2023-08-01 2025-01-31 iso4217:GBP xbrli:pure

Company No: 04756366 (England and Wales)

E M BROADBELT LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 AUGUST 2023 TO 31 JANUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

E M BROADBELT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 AUGUST 2023 TO 31 JANUARY 2025

Contents

E M BROADBELT LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 01 AUGUST 2023 TO 31 JANUARY 2025
E M BROADBELT LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 01 AUGUST 2023 TO 31 JANUARY 2025
DIRECTORS Mr Eric Broadbelt
Mrs Carol Broadbelt
REGISTERED OFFICE 88 Glen View Road
Burnley
England
BB11 2QP
United Kingdom
COMPANY NUMBER 04756366 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
E M BROADBELT LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2025
E M BROADBELT LIMITED

BALANCE SHEET (continued)

AS AT 31 JANUARY 2025
Note 31.01.2025 31.07.2023
£ £
Fixed assets
Tangible assets 4 0 112,409
0 112,409
Current assets
Stocks 5 0 14,000
Debtors 6 831 1,432
Cash at bank and in hand 77,177 50
78,008 15,482
Creditors: amounts falling due within one year 7 ( 78,008) ( 85,183)
Net current liabilities 0 (69,701)
Total assets less current liabilities 0 42,708
Creditors: amounts falling due after more than one year 8 0 ( 13,533)
Provision for liabilities 0 ( 1,925)
Net assets 0 27,250
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 100 ) 27,150
Total shareholders' funds 0 27,250

For the financial period 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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of E M Broadbelt Limited (registered number: 04756366) were approved and authorised for issue by the Board of Directors on 01 May 2025. They were signed on its behalf by:

Mr Eric Broadbelt
Director
E M BROADBELT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 AUGUST 2023 TO 31 JANUARY 2025
E M BROADBELT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 AUGUST 2023 TO 31 JANUARY 2025
1. Accounting policies

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

General information and basis of accounting

E M Broadbelt 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 88 Glen View Road, Burnley, England, BB11 2QP, United Kingdom.

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 £.

Reporting period length

The reporting period length is not comparable due to this financial period covering 18 months to 31 January 2025. This is due to the trade of the company being wound down and trade ending on the 31 January 2025.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 not amortised
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 or reducing balance basis over its expected useful life, as follows:

Land and buildings 100 years straight line
Plant and machinery 6.67 years straight line
Vehicles 25 % reducing balance
Office equipment 20 % 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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

Period from
01.08.2023 to
31.01.2025
Year ended
31.07.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 August 2023 5,000 5,000
Disposals ( 5,000) ( 5,000)
At 31 January 2025 0 0
Accumulated amortisation
At 01 August 2023 5,000 5,000
Disposals ( 5,000) ( 5,000)
At 31 January 2025 0 0
Net book value
At 31 January 2025 0 0
At 31 July 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 August 2023 127,941 3,506 29,065 14,542 175,054
Disposals ( 127,941) ( 3,506) ( 29,065) ( 14,542) ( 175,054)
At 31 January 2025 0 0 0 0 0
Accumulated depreciation
At 01 August 2023 25,082 1,433 22,634 13,496 62,645
Charge for the financial period 23 556 2,410 314 3,303
Disposals ( 25,105) ( 1,989) ( 25,044) ( 13,810) ( 65,948)
At 31 January 2025 0 0 0 0 0
Net book value
At 31 January 2025 0 0 0 0 0
At 31 July 2023 102,859 2,073 6,431 1,046 112,409

5. Stocks

31.01.2025 31.07.2023
£ £
Stocks 0 14,000

6. Debtors

31.01.2025 31.07.2023
£ £
Other debtors 831 1,432

7. Creditors: amounts falling due within one year

31.01.2025 31.07.2023
£ £
Bank loans and overdrafts 0 13,548
Corporation tax 5,117 2,455
Other taxation and social security 0 1,890
Other creditors 72,891 67,290
78,008 85,183

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

31.01.2025 31.07.2023
£ £
Bank loans 0 13,533

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