Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mrs Sally Quick 17/03/2023 Mrs Donna-Marie Reid 17/03/2023 28 May 2025 The principal activity of the company during the financial year was that of management consultancy. 14738065 2025-03-31 14738065 bus:Director1 2025-03-31 14738065 bus:Director2 2025-03-31 14738065 2024-03-31 14738065 core:CurrentFinancialInstruments 2025-03-31 14738065 core:CurrentFinancialInstruments 2024-03-31 14738065 core:ShareCapital 2025-03-31 14738065 core:ShareCapital 2024-03-31 14738065 core:RetainedEarningsAccumulatedLosses 2025-03-31 14738065 core:RetainedEarningsAccumulatedLosses 2024-03-31 14738065 bus:OrdinaryShareClass1 2025-03-31 14738065 bus:OrdinaryShareClass2 2025-03-31 14738065 2024-04-01 2025-03-31 14738065 bus:FilletedAccounts 2024-04-01 2025-03-31 14738065 bus:SmallEntities 2024-04-01 2025-03-31 14738065 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14738065 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14738065 bus:Director1 2024-04-01 2025-03-31 14738065 bus:Director2 2024-04-01 2025-03-31 14738065 2023-04-01 2024-03-31 14738065 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 14738065 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 14738065 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 14738065 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14738065 (England and Wales)

QUICKSMITH LIMITED

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

QUICKSMITH LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

QUICKSMITH LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
QUICKSMITH LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
Directors Mrs Sally Quick
Mrs Donna-Marie Reid
Registered office 10 Kingsmead Road
London
SW2 3JB
United Kingdom
Company number 14738065 (England and Wales)
Accountant Kreston Reeves LLP
37 St Margarets Street
Canterbury
Kent
CT1 2TU

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF QUICKSMITH LIMITED

For the financial year ended 31 March 2025

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF QUICKSMITH LIMITED (continued)

For the financial year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quicksmith Limited for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes 1 to 5 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Quicksmith Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Quicksmith Limited. You consider that Quicksmith Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Quicksmith Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Quicksmith Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Quicksmith Limited and state those matters that we have agreed to state to the Board of Directors of Quicksmith Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quicksmith Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

37 St Margarets Street
Canterbury
Kent
CT1 2TU

29 May 2025

QUICKSMITH LIMITED

BALANCE SHEET

As at 31 March 2025
QUICKSMITH LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Current assets
Cash at bank and in hand 3 63,571 41,445
63,571 41,445
Creditors: amounts falling due within one year 4 ( 62,105) ( 41,183)
Net current assets 1,466 262
Total assets less current liabilities 1,466 262
Net assets 1,466 262
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 1,366 162
Total shareholders' funds 1,466 262

For the financial year ending 31 March 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 Quicksmith Limited (registered number: 14738065) were approved and authorised for issue by the Board of Directors on 28 May 2025. They were signed on its behalf by:

Mrs Sally Quick
Director
Mrs Donna-Marie Reid
Director
QUICKSMITH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
QUICKSMITH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 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

Quicksmith 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 10 Kingsmead Road, London, SW2 3JB, 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 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 supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

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.

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, 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.

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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Pension commitments

The company does not operate pension itself but during the year made payment into money purchase schemes on behalf of both company directors. Contributions during the year totalled £40,000 (2024: £45,000), no amounts were owed at the company year end.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 63,571 41,445

4. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 62 0
Amounts owed to directors 43,543 30,168
Accruals 2,600 2,000
Taxation and social security 15,900 9,015
62,105 41,183

5. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100