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Company No: 03438215 (England and Wales)

OROSTREAM INTERNATIONAL CONTRACTS LIMITED

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

OROSTREAM INTERNATIONAL CONTRACTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

OROSTREAM INTERNATIONAL CONTRACTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
OROSTREAM INTERNATIONAL CONTRACTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS Mr Timothy Abbott
Mr Steve Dewhurst
Mr George McCallum (Resigned 31 March 2025)
SECRETARY Mr Steve Dewhurst
REGISTERED OFFICE United Kingdom
COMPANY NUMBER 03438215 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
OROSTREAM INTERNATIONAL CONTRACTS LIMITED

BALANCE SHEET

As at 31 December 2024
OROSTREAM INTERNATIONAL CONTRACTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Tangible assets 3 39,379 22,622
39,379 22,622
Current assets
Stocks 4 0 7,837
Debtors 5 1,421,074 1,867,035
Cash at bank and in hand 6 1,921,961 122,619
3,343,035 1,997,491
Creditors: amounts falling due within one year 7 ( 1,829,954) ( 1,098,289)
Net current assets 1,513,081 899,202
Total assets less current liabilities 1,552,460 921,824
Creditors: amounts falling due after more than one year 8 ( 100,000) ( 200,000)
Provision for liabilities ( 7,622) ( 3,291)
Net assets 1,444,838 718,533
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 1,444,738 718,433
Total shareholder's funds 1,444,838 718,533

For the financial year ending 31 December 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 Orostream International Contracts Limited (registered number: 03438215) were approved and authorised for issue by the Board of Directors on 24 June 2025. They were signed on its behalf by:

Mr Steve Dewhurst
Director
OROSTREAM INTERNATIONAL CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
OROSTREAM INTERNATIONAL CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Orostream International Contracts 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 , 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company, and they can be reliably measured. Turnover represents contracts from the provision of services, turnover is recognised in the period in which the services are provided, in accordance with the stage of completion and when all of the following conditions are satisfied:

- the amount of turnover can be reliably measured;
- it is probable that consideration will be receivable;
- the stage of completion of the contract can be reliably measured, and
- the costs incurred and costs to complete the contract can be reliably measured.

When the outcome of a construction contract can be reliably measured, contract costs and turnover are recognised by reference to the stage of completion at the reporting date.

When the outcome cannot be reliably measured, contract costs are recognised as an expense in the period in which they occur, and turnover is recognised to the extent that the recovery of costs incurred is probable.

When it is probable that contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Retentions are recognised at the expected recoverable value at the reporting date.

Amounts recoverable on contract, included within debtors, represents the value of services provided but not yet billed.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account 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 Balance Sheet.

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.

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:

Land and buildings not depreciated
Plant and machinery etc. 25 % reducing balance
3 years straight line
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.

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.

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.

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

31.12.2024 31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 16 14

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2024 65,152 143,414 208,566
Additions 0 26,935 26,935
At 31 December 2024 65,152 170,349 235,501
Accumulated depreciation
At 01 January 2024 65,152 120,792 185,944
Charge for the financial year 0 10,178 10,178
At 31 December 2024 65,152 130,970 196,122
Net book value
At 31 December 2024 0 39,379 39,379
At 31 December 2023 0 22,622 22,622

4. Stocks

31.12.2024 31.12.2023
£ £
Stocks 0 7,837

5. Debtors

31.12.2024 31.12.2023
£ £
Trade debtors 201,800 887,441
Other debtors 1,219,274 979,594
1,421,074 1,867,035

6. Cash and cash equivalents

31.12.2024 31.12.2023
£ £
Cash at bank and in hand 1,921,961 122,619

7. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Bank loans (secured) 100,000 100,000
Trade creditors 1,053,554 729,718
Taxation and social security 556,609 260,977
Other creditors 119,791 7,594
1,829,954 1,098,289

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

31.12.2024 31.12.2023
£ £
Bank loans (secured) 100,000 200,000

The bank loan is secured by fixed and floating charges over the company's assets.

9. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

10. Financial commitments

Commitments

31.12.2024 31.12.2023
£ £
Total future minimum lease payments under non-cancellable operating lease 24,000 24,000

11. Related party transactions

Transactions with the entity's directors

As at 31 December 2024, the directors owed £19,085 (2023: £52,318) to the company. In the year then ended, £19,085 was advanced, £52,318 has been repaid, £nil has been written off, and £nil has been waived.

Amounts advanced to directors are unsecured and repayable on demand. Interest is charged at HMRC’s official rate.