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Company No: 02721105 (England and Wales)

ORIGIN (BRISTOL) LTD

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

ORIGIN (BRISTOL) LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ORIGIN (BRISTOL) LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
ORIGIN (BRISTOL) LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 256 476
256 476
Current assets
Debtors 4 643,555 702,755
Cash at bank and in hand 3,341 21,147
646,896 723,902
Creditors: amounts falling due within one year 5 ( 529,219) ( 714,518)
Net current assets 117,677 9,384
Total assets less current liabilities 117,933 9,860
Creditors: amounts falling due after more than one year 6 ( 4,003) ( 14,038)
Net assets/(liabilities) 113,930 ( 4,178)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 113,830 ( 4,278 )
Total shareholder's funds/(deficit) 113,930 ( 4,178)

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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Origin (Bristol) Ltd (registered number: 02721105) were approved and authorised for issue by the Director on 17 June 2025. They were signed on its behalf by:

D Lloyd
Director
ORIGIN (BRISTOL) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ORIGIN (BRISTOL) LTD

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

Origin (Bristol) Ltd (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 Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom. The principal place of business is Shear Water House, 31A Gloucester Road, Bristol, Almondsbury, BS32 4HH.

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 director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net assets of £114,334. The Company is supported loans from an LLP of which this company is a member. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the LLP will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met 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 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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Profit shares from the LLP are recognised when the corporate member's right to receive payment has been established.

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 Statement of Financial Position 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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties 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:

Vehicles 5 years straight line
Fixtures and fittings 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 1

3. Tangible assets

Vehicles Fixtures and fittings Total
£ £ £
Cost
At 01 January 2024 15,283 2,174 17,457
At 31 December 2024 15,283 2,174 17,457
Accumulated depreciation
At 01 January 2024 15,283 1,698 16,981
Charge for the financial year 0 220 220
At 31 December 2024 15,283 1,918 17,201
Net book value
At 31 December 2024 0 256 256
At 31 December 2023 0 476 476

4. Debtors

2024 2023
£ £
Amounts owed by director 490,902 550,058
Corporation tax 150,846 150,846
Other debtors 1,807 1,851
643,555 702,755

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,133 10,129
Trade creditors 3,213 2,991
Amounts owed to connected companies 397,181 527,181
Accruals 4,500 6,320
Taxation and social security 109,152 162,857
Other creditors 5,040 5,040
529,219 714,518

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

2024 2023
£ £
Bank loans 4,003 14,038

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

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

At the balance sheet date, the company has made loans to the directors totalling £490,902, (2023: £550,058). The loans bear interest at 2.25% per annum and are repayable on demand.