Silverfin false false 31/10/2024 01/11/2023 31/10/2024 K Hudson 16/03/2007 L L Hudson 20/10/2015 S Hudson 20/10/2015 J E Noble 20/10/2015 17 June 2025 The principal activity of the Company during the financial year was that of facilities management for commercial properties, arenas and mass spectator venues. 05272405 2024-10-31 05272405 bus:Director1 2024-10-31 05272405 bus:Director2 2024-10-31 05272405 bus:Director3 2024-10-31 05272405 bus:Director4 2024-10-31 05272405 2023-10-31 05272405 core:CurrentFinancialInstruments 2024-10-31 05272405 core:CurrentFinancialInstruments 2023-10-31 05272405 core:Non-currentFinancialInstruments 2024-10-31 05272405 core:Non-currentFinancialInstruments 2023-10-31 05272405 core:ShareCapital 2024-10-31 05272405 core:ShareCapital 2023-10-31 05272405 core:RetainedEarningsAccumulatedLosses 2024-10-31 05272405 core:RetainedEarningsAccumulatedLosses 2023-10-31 05272405 core:PlantMachinery 2023-10-31 05272405 core:Vehicles 2023-10-31 05272405 core:FurnitureFittings 2023-10-31 05272405 core:OfficeEquipment 2023-10-31 05272405 core:PlantMachinery 2024-10-31 05272405 core:Vehicles 2024-10-31 05272405 core:FurnitureFittings 2024-10-31 05272405 core:OfficeEquipment 2024-10-31 05272405 core:CurrentFinancialInstruments 10 2024-10-31 05272405 core:CurrentFinancialInstruments 10 2023-10-31 05272405 core:WithinOneYear 2024-10-31 05272405 core:WithinOneYear 2023-10-31 05272405 core:BetweenOneFiveYears 2024-10-31 05272405 core:BetweenOneFiveYears 2023-10-31 05272405 2023-11-01 2024-10-31 05272405 bus:FilletedAccounts 2023-11-01 2024-10-31 05272405 bus:SmallEntities 2023-11-01 2024-10-31 05272405 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 05272405 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05272405 bus:Director1 2023-11-01 2024-10-31 05272405 bus:Director2 2023-11-01 2024-10-31 05272405 bus:Director3 2023-11-01 2024-10-31 05272405 bus:Director4 2023-11-01 2024-10-31 05272405 core:PlantMachinery 2023-11-01 2024-10-31 05272405 core:Vehicles 2023-11-01 2024-10-31 05272405 core:FurnitureFittings 2023-11-01 2024-10-31 05272405 core:OfficeEquipment 2023-11-01 2024-10-31 05272405 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 05272405 (England and Wales)

STADIUM SUPPORT SERVICES LIMITED

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

STADIUM SUPPORT SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

STADIUM SUPPORT SERVICES LIMITED

BALANCE SHEET

As at 31 October 2024
STADIUM SUPPORT SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 78,353 71,810
78,353 71,810
Current assets
Debtors 4 2,336,442 1,844,546
Cash at bank and in hand 282,042 151,076
2,618,484 1,995,622
Creditors: amounts falling due within one year 5 ( 869,497) ( 667,779)
Net current assets 1,748,987 1,327,843
Total assets less current liabilities 1,827,340 1,399,653
Creditors: amounts falling due after more than one year ( 30,000) ( 75,000)
Provision for liabilities ( 15,716) ( 15,716)
Net assets 1,781,624 1,308,937
Capital and reserves
Called-up share capital 4 4
Profit and loss account 1,781,620 1,308,933
Total shareholder's funds 1,781,624 1,308,937

For the financial year ending 31 October 2024 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 Stadium Support Services Limited (registered number: 05272405) were approved and authorised for issue by the Board of Directors on 17 June 2025. They were signed on its behalf by:

L L Hudson
Director
STADIUM SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
STADIUM SUPPORT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Stadium Support Services 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 54 Strathearn Avenue, Twickenham, Middlesex, TW2 6JX, , United Kingdom.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including section 1A of Financial Reporting Standard 102 - 'The Financial Reporting standard applicable in the United Kingdom and Republic of Ireland' FRS 102 1A, and with the Companies Act 2006.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The company therefore continues to adopt the going concern basis in preparing its 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 sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
-the amount of revenue can be reliably measured;
-it is probable that future economic benefits will flow to the entity;
-and specific criteria have been met for each of the company's activities.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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 assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office 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.

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 27 26

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 November 2023 408,485 106,427 4,639 14,648 534,199
Additions 7,192 0 15,664 3,817 26,673
At 31 October 2024 415,677 106,427 20,303 18,465 560,872
Accumulated depreciation
At 01 November 2023 359,492 95,573 2,788 4,536 462,389
Charge for the financial year 13,207 2,714 1,677 2,532 20,130
At 31 October 2024 372,699 98,287 4,465 7,068 482,519
Net book value
At 31 October 2024 42,978 8,140 15,838 11,397 78,353
At 31 October 2023 48,993 10,854 1,851 10,112 71,810

4. Debtors

2024 2023
£ £
Trade debtors 1,504,599 1,505,367
Amounts owed by Group undertakings 590,000 80,000
Other taxation and social security 0 ( 1,309)
Other debtors 241,843 260,488
2,336,442 1,844,546

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 45,000 45,000
Trade creditors 350,736 218,737
Taxation and social security 447,336 387,341
Other creditors 26,425 16,701
869,497 667,779

6. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 16,879 35,794
between one and five years 0 16,879
16,879 52,673

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed from directors 23,838 25,014

During the year, the company made advances totalling £39,864 (2023: £27,154) and received repayments of £41,040 (2023: £1,457). The loan from the director is unsecured and repayable on demand.

Other related party transactions

The company has taken advantage of the exemption in FRS 102 1A from disclosing transactions with other members of
the group.