Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mr D Andrews 13/02/2013 18 July 2025 The principal activity of the company is that of providing a platform for connecting producers and consumers in the livestock industry. 12123942 2024-07-31 12123942 bus:Director1 2024-07-31 12123942 2023-07-31 12123942 core:CurrentFinancialInstruments 2024-07-31 12123942 core:CurrentFinancialInstruments 2023-07-31 12123942 core:ShareCapital 2024-07-31 12123942 core:ShareCapital 2023-07-31 12123942 core:RetainedEarningsAccumulatedLosses 2024-07-31 12123942 core:RetainedEarningsAccumulatedLosses 2023-07-31 12123942 core:PatentsTrademarksLicencesConcessionsSimilar 2023-07-31 12123942 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-07-31 12123942 core:PatentsTrademarksLicencesConcessionsSimilar 2024-07-31 12123942 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-07-31 12123942 core:FurnitureFittings 2023-07-31 12123942 core:FurnitureFittings 2024-07-31 12123942 bus:OrdinaryShareClass1 2024-07-31 12123942 2023-08-01 2024-07-31 12123942 bus:FilletedAccounts 2023-08-01 2024-07-31 12123942 bus:SmallEntities 2023-08-01 2024-07-31 12123942 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12123942 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12123942 bus:Director1 2023-08-01 2024-07-31 12123942 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-08-01 2024-07-31 12123942 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-08-01 2024-07-31 12123942 core:FurnitureFittings core:TopRangeValue 2023-08-01 2024-07-31 12123942 2022-08-01 2023-07-31 12123942 core:PatentsTrademarksLicencesConcessionsSimilar 2023-08-01 2024-07-31 12123942 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-08-01 2024-07-31 12123942 core:FurnitureFittings 2023-08-01 2024-07-31 12123942 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 12123942 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12123942 (England and Wales)

GOOD BEEF INDEX LIMITED

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

GOOD BEEF INDEX LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

GOOD BEEF INDEX LIMITED

BALANCE SHEET

As at 31 July 2024
GOOD BEEF INDEX LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 240,438 264,373
Tangible assets 4 0 57
240,438 264,430
Current assets
Debtors 5 575 984
Cash at bank and in hand 1,820 2,941
2,395 3,925
Creditors: amounts falling due within one year 6 ( 596,344) ( 597,934)
Net current liabilities (593,949) (594,009)
Total assets less current liabilities (353,511) (329,579)
Net liabilities ( 353,511) ( 329,579)
Capital and reserves
Called-up share capital 7 1,000 1,000
Profit and loss account ( 354,511 ) ( 330,579 )
Total shareholder's deficit ( 353,511) ( 329,579)

For the financial year ending 31 July 2024 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 Good Beef Index Limited (registered number: 12123942) were approved and authorised for issue by the Director on 18 July 2025. They were signed on its behalf by:

Mr D Andrews
Director
GOOD BEEF INDEX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
GOOD BEEF INDEX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

Good Beef Index 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 North Quay House, Sutton Harbour, Plymouth, PL4 0RA, United Kingdom. The principal place of business is Warson Barton, Coryton, Okehampton, Devon, EX20 4PQ.

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 Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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. Revenue from goods and services are recognised as they are delivered.

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:

Trademarks, patents and licences 20 years straight line
Website costs 20 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 [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings 3 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.

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.

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 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.

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

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 4

3. Intangible assets

Trademarks, patents
and licences
Website costs Total
£ £ £
Cost
At 01 August 2023 35,952 258,289 294,241
Additions 0 1,230 1,230
Disposals 0 ( 10,935) ( 10,935)
At 31 July 2024 35,952 248,584 284,536
Accumulated amortisation
At 01 August 2023 3,903 25,965 29,868
Charge for the financial year 1,800 12,430 14,230
At 31 July 2024 5,703 38,395 44,098
Net book value
At 31 July 2024 30,249 210,189 240,438
At 31 July 2023 32,049 232,324 264,373

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 August 2023 17,170 17,170
At 31 July 2024 17,170 17,170
Accumulated depreciation
At 01 August 2023 17,113 17,113
Charge for the financial year 57 57
At 31 July 2024 17,170 17,170
Net book value
At 31 July 2024 0 0
At 31 July 2023 57 57

5. Debtors

2024 2023
£ £
Trade debtors 255 0
Other debtors 320 984
575 984

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 924 0
Other creditors 595,420 597,934
596,344 597,934

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000

8. Related party transactions

Transactions with the entity's director

The director has lent funds to the company and the amount is included in creditors due within one year. All amounts are lent on an interest free basis. At the balance sheet date the amount due to Mr D Andrews was £593,594 (2023 £596,294).