Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Dr H O Savage 28/02/2019 30 June 2025 no description of principal activity 11852903 2025-03-31 11852903 bus:Director1 2025-03-31 11852903 2024-03-31 11852903 core:CurrentFinancialInstruments 2025-03-31 11852903 core:CurrentFinancialInstruments 2024-03-31 11852903 core:ShareCapital 2025-03-31 11852903 core:ShareCapital 2024-03-31 11852903 core:RetainedEarningsAccumulatedLosses 2025-03-31 11852903 core:RetainedEarningsAccumulatedLosses 2024-03-31 11852903 core:LeaseholdImprovements 2024-03-31 11852903 core:ToolsEquipment 2024-03-31 11852903 core:OfficeEquipment 2024-03-31 11852903 core:ComputerEquipment 2024-03-31 11852903 core:LeaseholdImprovements 2025-03-31 11852903 core:ToolsEquipment 2025-03-31 11852903 core:OfficeEquipment 2025-03-31 11852903 core:ComputerEquipment 2025-03-31 11852903 2024-04-01 2025-03-31 11852903 bus:FilletedAccounts 2024-04-01 2025-03-31 11852903 bus:SmallEntities 2024-04-01 2025-03-31 11852903 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11852903 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11852903 bus:Director1 2024-04-01 2025-03-31 11852903 core:LeaseholdImprovements core:TopRangeValue 2024-04-01 2025-03-31 11852903 core:ToolsEquipment core:TopRangeValue 2024-04-01 2025-03-31 11852903 core:OfficeEquipment core:TopRangeValue 2024-04-01 2025-03-31 11852903 core:ComputerEquipment core:TopRangeValue 2024-04-01 2025-03-31 11852903 2023-04-01 2024-03-31 11852903 core:LeaseholdImprovements 2024-04-01 2025-03-31 11852903 core:ToolsEquipment 2024-04-01 2025-03-31 11852903 core:OfficeEquipment 2024-04-01 2025-03-31 11852903 core:ComputerEquipment 2024-04-01 2025-03-31 11852903 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 11852903 (England and Wales)

SAVOCARDIO LIMITED

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

SAVOCARDIO LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SAVOCARDIO LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
SAVOCARDIO LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 3,252 4,943
3,252 4,943
Current assets
Debtors 4 4,584 2,448
Cash at bank and in hand 41,882 24,858
46,466 27,306
Creditors: amounts falling due within one year 5 ( 11,628) ( 9,567)
Net current assets 34,838 17,739
Total assets less current liabilities 38,090 22,682
Net assets 38,090 22,682
Capital and reserves
Called-up share capital 100 100
Profit and loss account 37,990 22,582
Total shareholder's funds 38,090 22,682

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 Savocardio Limited (registered number: 11852903) were approved and authorised for issue by the Director. They were signed on its behalf by:

Dr H O Savage
Director

30 June 2025

SAVOCARDIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SAVOCARDIO 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

Savocardio 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 8 The Courtyard, Wyncolls Road, Colchester, CO4 9PE, 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 £.

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 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. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

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:

Leasehold improvements 5 years straight line
Tools and equipment 3 years straight line
Office equipment 3 years straight line
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 Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

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.

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

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Leasehold improve-
ments
Tools and equipment Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2024 2,745 203 2,681 5,454 11,083
Additions 0 0 0 298 298
At 31 March 2025 2,745 203 2,681 5,752 11,381
Accumulated depreciation
At 01 April 2024 731 85 2,186 3,138 6,140
Charge for the financial year 549 68 495 877 1,989
At 31 March 2025 1,280 153 2,681 4,015 8,129
Net book value
At 31 March 2025 1,465 50 0 1,737 3,252
At 31 March 2024 2,014 118 495 2,316 4,943

4. Debtors

2025 2024
£ £
Trade debtors 3,703 1,951
Prepayments 881 497
4,584 2,448

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 130 0
Amounts owed to director 1,664 2,266
Accruals 2,340 2,849
Corporation tax 7,494 4,452
11,628 9,567

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