Silverfin false false 31/03/2025 01/04/2024 31/03/2025 A P Buckland 06/12/2022 11 June 2025 The principal activity of the company during the financial year was repair of household appliances and home and garden equipment. 08321243 2025-03-31 08321243 bus:Director1 2025-03-31 08321243 2024-03-31 08321243 core:CurrentFinancialInstruments 2025-03-31 08321243 core:CurrentFinancialInstruments 2024-03-31 08321243 core:ShareCapital 2025-03-31 08321243 core:ShareCapital 2024-03-31 08321243 core:RetainedEarningsAccumulatedLosses 2025-03-31 08321243 core:RetainedEarningsAccumulatedLosses 2024-03-31 08321243 core:Goodwill 2024-03-31 08321243 core:Goodwill 2025-03-31 08321243 core:PlantMachinery 2024-03-31 08321243 core:Vehicles 2024-03-31 08321243 core:FurnitureFittings 2024-03-31 08321243 core:ComputerEquipment 2024-03-31 08321243 core:PlantMachinery 2025-03-31 08321243 core:Vehicles 2025-03-31 08321243 core:FurnitureFittings 2025-03-31 08321243 core:ComputerEquipment 2025-03-31 08321243 bus:OrdinaryShareClass1 2025-03-31 08321243 2024-04-01 2025-03-31 08321243 bus:FilletedAccounts 2024-04-01 2025-03-31 08321243 bus:SmallEntities 2024-04-01 2025-03-31 08321243 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08321243 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08321243 bus:Director1 2024-04-01 2025-03-31 08321243 core:Goodwill core:TopRangeValue 2024-04-01 2025-03-31 08321243 core:PlantMachinery 2024-04-01 2025-03-31 08321243 core:Vehicles 2024-04-01 2025-03-31 08321243 core:FurnitureFittings 2024-04-01 2025-03-31 08321243 core:ComputerEquipment 2024-04-01 2025-03-31 08321243 2023-04-01 2024-03-31 08321243 core:Goodwill 2024-04-01 2025-03-31 08321243 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 08321243 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08321243 (England and Wales)

A B DOMESTICS LTD

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

A B DOMESTICS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

A B DOMESTICS LTD

BALANCE SHEET

As at 31 March 2025
A B DOMESTICS LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 2,400 4,798
Tangible assets 4 29,474 37,170
31,874 41,968
Current assets
Stocks 5 8,000 6,000
Debtors 6 22,472 20,904
Cash at bank and in hand 29,792 50,660
60,264 77,564
Creditors: amounts falling due within one year 7 ( 28,828) ( 33,549)
Net current assets 31,436 44,015
Total assets less current liabilities 63,310 85,983
Net assets 63,310 85,983
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 63,210 85,883
Total shareholder's funds 63,310 85,983

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.

Director's responsibilities:

The financial statements of A B Domestics Ltd (registered number: 08321243) were approved and authorised for issue by the Director on 11 June 2025. They were signed on its behalf by:

A P Buckland
Director
A B DOMESTICS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
A B DOMESTICS LTD

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

A B Domestics 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 Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW, 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 £.

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 sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

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 10 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 basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 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 Statement of Income and Retained Earnings 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. Cost is calculated using the FIFO (first-in, first-out) method. 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.

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.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 6 5

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2024 23,982 23,982
At 31 March 2025 23,982 23,982
Accumulated amortisation
At 01 April 2024 19,184 19,184
Charge for the financial year 2,398 2,398
At 31 March 2025 21,582 21,582
Net book value
At 31 March 2025 2,400 2,400
At 31 March 2024 4,798 4,798

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2024 20,292 56,307 13,586 2,507 92,692
Additions 1,551 0 0 391 1,942
At 31 March 2025 21,843 56,307 13,586 2,898 94,634
Accumulated depreciation
At 01 April 2024 11,984 36,174 6,677 687 55,522
Charge for the financial year 2,383 5,033 1,728 494 9,638
At 31 March 2025 14,367 41,207 8,405 1,181 65,160
Net book value
At 31 March 2025 7,476 15,100 5,181 1,717 29,474
At 31 March 2024 8,308 20,133 6,909 1,820 37,170

5. Stocks

2025 2024
£ £
Stocks 8,000 6,000

6. Debtors

2025 2024
£ £
Trade debtors 18,414 17,670
Other debtors 4,058 3,234
22,472 20,904

7. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 1,332 2,148
Taxation and social security 14,879 16,707
Obligations under finance leases and hire purchase contracts 0 1,136
Other creditors 12,617 13,558
28,828 33,549

8. Called-up share capital

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