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Company No: 11361358 (England and Wales)

HAMILTON RILEY LIMITED

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

HAMILTON RILEY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HAMILTON RILEY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
HAMILTON RILEY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 331,491 315,115
331,491 315,115
Current assets
Debtors 4 106,126 137,739
Cash at bank and in hand 102,807 132,093
208,933 269,832
Creditors: amounts falling due within one year 5 ( 118,350) ( 129,204)
Net current assets 90,583 140,628
Total assets less current liabilities 422,074 455,743
Creditors: amounts falling due after more than one year 6 ( 82,708) ( 105,273)
Provision for liabilities ( 72,793) ( 67,934)
Net assets 266,573 282,536
Capital and reserves
Called-up share capital 1 1
Profit and loss account 266,572 282,535
Total shareholder's funds 266,573 282,536

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 Hamilton Riley Limited (registered number: 11361358) were approved and authorised for issue by the Director. They were signed on its behalf by:

J Hamilton
Director

02 July 2025

HAMILTON RILEY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HAMILTON RILEY 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

Hamilton Riley 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 65 Allison Bank Geoffrey Watling Way, Norwich, NR1 1GW, 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.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

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 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

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.

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.

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 Statement of Financial Position 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.

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 7 8

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 April 2024 358,446 119,815 478,261
Additions 39,800 33,493 73,293
Disposals 0 ( 8,500) ( 8,500)
At 31 March 2025 398,246 144,808 543,054
Accumulated depreciation
At 01 April 2024 103,508 59,638 163,146
Charge for the financial year 40,041 15,742 55,783
Disposals 0 ( 7,366) ( 7,366)
At 31 March 2025 143,549 68,014 211,563
Net book value
At 31 March 2025 254,697 76,794 331,491
At 31 March 2024 254,938 60,177 315,115
Leased assets included above:
Net book value
At 31 March 2025 152,871 63,217 216,088
At 31 March 2024 221,916 40,563 262,479

4. Debtors

2025 2024
£ £
Trade debtors 85,403 129,519
Amounts owed by director 6,620 0
Prepayments 11,053 5,170
Other debtors 3,050 3,050
106,126 137,739

5. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 9,757 9,402
Trade creditors 16,693 5,546
Amounts owed to director 0 3,332
Accruals 1,212 1,274
Corporation tax 4,176 20,692
Other taxation and social security 38,691 55,370
Obligations under finance leases and hire purchase contracts (secured) 41,169 31,305
Other creditors 6,652 2,283
118,350 129,204

The hire purchase contracts are secured against the assets which they are funding.

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

2025 2024
£ £
Bank loans 2,743 13,098
Obligations under finance leases and hire purchase contracts (secured) 79,965 92,175
82,708 105,273

The hire purchase contracts are secured against the assets which they are funding.

7. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2025 2024
£ £
Unpaid contributions due to the fund (inc. in other creditors) 624 716