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Company No: 08735304 (England and Wales)

ALIBRATE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH THE REGISTRAR

ALIBRATE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

Contents

ALIBRATE LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
ALIBRATE LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
DIRECTOR A L Ehrmann
REGISTERED OFFICE Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
United Kingdom
COMPANY NUMBER 08735304 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
ALIBRATE LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2024
ALIBRATE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 OCTOBER 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 133 478
Tangible assets 4 704 1,036
837 1,514
Current assets
Stocks 42,478 37,414
Debtors 5 1,405 11,633
Cash at bank and in hand 7,093 10,497
50,976 59,544
Creditors: amounts falling due within one year 6 ( 116,111) ( 98,627)
Net current liabilities (65,135) (39,083)
Total assets less current liabilities (64,298) (37,569)
Net liabilities ( 64,298) ( 37,569)
Capital and reserves
Called-up share capital 7 135 135
Share premium account 99,965 99,965
Profit and loss account ( 164,398 ) ( 137,669 )
Total shareholders' deficit ( 64,298) ( 37,569)

For the financial year ending 31 October 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 Alibrate Limited (registered number: 08735304) were approved and authorised for issue by the Director on 28 July 2025. They were signed on its behalf by:

A L Ehrmann
Director
ALIBRATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
ALIBRATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 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

Alibrate 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 Wey Court West, Union Road, Farnham, Surrey, GU9 7PT, 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

During the period under review the company made a trading loss of £26,729 (2023 - £60,102). The company ended the period with a deficit balance sheet of £64,298 (2023 - £37,569). This may call into question the company's continued ability to trade.

The company continues to be supported financially by the directors and this support will remain for the foreseeable future.

The director therefore considers it is appropriate for the accounts to be prepared on a going concern basis.

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 sale of goods is recognised when the goods are physically delivered to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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.

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:

Goodwill 10 years straight line
Website costs 10 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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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.

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.

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.

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 has a present obligation (legal or constructive) as a result of a past event, it is probable that the 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).

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 01 November 2023 5,000 5,778 10,778
At 31 October 2024 5,000 5,778 10,778
Accumulated amortisation
At 01 November 2023 5,000 5,300 10,300
Charge for the financial year 0 345 345
At 31 October 2024 5,000 5,645 10,645
Net book value
At 31 October 2024 0 133 133
At 31 October 2023 0 478 478

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2023 3,316 3,316
At 31 October 2024 3,316 3,316
Accumulated depreciation
At 01 November 2023 2,280 2,280
Charge for the financial year 332 332
At 31 October 2024 2,612 2,612
Net book value
At 31 October 2024 704 704
At 31 October 2023 1,036 1,036

5. Debtors

2024 2023
£ £
Trade debtors 1,405 11,633

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 6,832 6,715
Amounts owed to director 86,591 86,622
Accruals 16,544 1,500
Other taxation and social security 6,144 3,790
116,111 98,627

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,298 Ordinary A shares of £ 0.10 each 130 130
54 Ordinary B shares of £ 0.10 each 5 5
135 135