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Company No: 03889301 (England and Wales)

FIBRENET OFFICE SOLUTIONS LIMITED

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

FIBRENET OFFICE SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

FIBRENET OFFICE SOLUTIONS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
FIBRENET OFFICE SOLUTIONS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTOR Mark Cleeve
SECRETARY Cheryl Craven
REGISTERED OFFICE Wellington House Aviator Court
Clifton Moor
York
YO30 4UZ
United Kingdom
COMPANY NUMBER 03889301 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
FIBRENET OFFICE SOLUTIONS LIMITED

BALANCE SHEET

As at 31 March 2025
FIBRENET OFFICE SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 8,600 8,600
Tangible assets 4 96,100 94,765
104,700 103,365
Current assets
Stocks 15,539 2,500
Debtors 5 6,321 28,988
Cash at bank and in hand 47,674 53,855
69,534 85,343
Creditors: amounts falling due within one year 6 ( 124,732) ( 128,784)
Net current liabilities (55,198) (43,441)
Total assets less current liabilities 49,502 59,924
Creditors: amounts falling due after more than one year 7 ( 21,364) ( 36,209)
Provision for liabilities 8 ( 24,113) ( 18,745)
Net assets 4,025 4,970
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 3,925 4,870
Total shareholders' funds 4,025 4,970

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 Fibrenet Office Solutions Limited (registered number: 03889301) were approved and authorised for issue by the Director on 22 July 2025. They were signed on its behalf by:

Mark Cleeve
Director
FIBRENET OFFICE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
FIBRENET OFFICE SOLUTIONS 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

Fibrenet Office Solutions 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 Wellington House Aviator Court, Clifton Moor, York, YO30 4UZ, 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 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.

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.

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.

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:

Other intangible assets not amortised
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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Office equipment 20 % reducing balance
Computer equipment 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.

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.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2024 8,600 8,600
At 31 March 2025 8,600 8,600
Accumulated amortisation
At 01 April 2024 0 0
At 31 March 2025 0 0
Net book value
At 31 March 2025 8,600 8,600
At 31 March 2024 8,600 8,600

4. Tangible assets

Plant and machinery Vehicles Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2024 109,141 90,442 23,934 0 223,517
Additions 0 39,490 0 2,592 42,082
Disposals 0 ( 60,730) 0 0 ( 60,730)
At 31 March 2025 109,141 69,202 23,934 2,592 204,869
Accumulated depreciation
At 01 April 2024 53,379 55,449 19,924 0 128,752
Charge for the financial year 8,243 11,627 802 351 21,023
Disposals 0 ( 41,006) 0 0 ( 41,006)
At 31 March 2025 61,622 26,070 20,726 351 108,769
Net book value
At 31 March 2025 47,519 43,132 3,208 2,241 96,100
At 31 March 2024 55,762 34,993 4,010 0 94,765

5. Debtors

2025 2024
£ £
Trade debtors 6,321 28,988

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 10,647 10,000
Trade creditors 27,435 43,329
Taxation and social security 28,582 16,199
Obligations under finance leases and hire purchase contracts 19,061 9,105
Other creditors 39,007 50,151
124,732 128,784

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

2025 2024
£ £
Bank loans 3,423 14,171
Obligations under finance leases and hire purchase contracts 17,941 22,038
21,364 36,209

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

8. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 18,745) ( 19,357)
(Charged)/credited to the Statement of Income and Retained Earnings ( 5,368) 612
At the end of financial year ( 24,113) ( 18,745)

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
60 Ordinary A shares of £ 1.00 each 60 60
30 Ordinary B shares of £ 1.00 each 30 30
5 Ordinary C shares of £ 1.00 each 5 5
5 Ordinary D shares of £ 1.00 each 5 5
100 100