Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr M Howes Mrs P Howes 01/01/1995 Mr P Orris 16/05/2023 23 July 2025 no description of principal activity 02128305 2025-03-31 02128305 bus:Director2 2025-03-31 02128305 bus:Director3 2025-03-31 02128305 2024-03-31 02128305 core:CurrentFinancialInstruments 2025-03-31 02128305 core:CurrentFinancialInstruments 2024-03-31 02128305 core:ShareCapital 2025-03-31 02128305 core:ShareCapital 2024-03-31 02128305 core:RetainedEarningsAccumulatedLosses 2025-03-31 02128305 core:RetainedEarningsAccumulatedLosses 2024-03-31 02128305 core:PlantMachinery 2024-03-31 02128305 core:Vehicles 2024-03-31 02128305 core:ComputerEquipment 2024-03-31 02128305 core:PlantMachinery 2025-03-31 02128305 core:Vehicles 2025-03-31 02128305 core:ComputerEquipment 2025-03-31 02128305 core:CurrentFinancialInstruments 9 2025-03-31 02128305 core:CurrentFinancialInstruments 9 2024-03-31 02128305 1 2025-03-31 02128305 1 2024-03-31 02128305 2023-03-31 02128305 2024-04-01 2025-03-31 02128305 bus:FilletedAccounts 2024-04-01 2025-03-31 02128305 bus:SmallEntities 2024-04-01 2025-03-31 02128305 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02128305 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02128305 bus:Director1 2024-04-01 2025-03-31 02128305 bus:Director2 2024-04-01 2025-03-31 02128305 bus:Director3 2024-04-01 2025-03-31 02128305 core:PlantMachinery 2024-04-01 2025-03-31 02128305 core:Vehicles 2024-04-01 2025-03-31 02128305 core:ComputerEquipment core:TopRangeValue 2024-04-01 2025-03-31 02128305 2023-04-01 2024-03-31 02128305 core:ComputerEquipment 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 02128305 (England and Wales)

C.V.S. (ANGLIA) LIMITED

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

C.V.S. (ANGLIA) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

C.V.S. (ANGLIA) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
C.V.S. (ANGLIA) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 59,929 76,318
59,929 76,318
Current assets
Stocks 4 2,000 2,000
Debtors 5 177,873 177,961
Investments 6 105,232 99,058
Cash at bank and in hand 308,015 282,424
593,120 561,443
Creditors: amounts falling due within one year 7 ( 105,289) ( 123,685)
Net current assets 487,831 437,758
Total assets less current liabilities 547,760 514,076
Provision for liabilities 8 ( 25,259) ( 27,802)
Net assets 522,501 486,274
Capital and reserves
Called-up share capital 100 100
Profit and loss account 522,401 486,174
Total shareholders' funds 522,501 486,274

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.

Directors' responsibilities:

The financial statements of C.V.S. (Anglia) Limited (registered number: 02128305) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mr M Howes
Director
Mrs P Howes
Director

23 July 2025

C.V.S. (ANGLIA) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
C.V.S. (ANGLIA) 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

C.V.S. (Anglia) 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 15 Holywells Road, Ipswich, Suffolk, IP3 0DL, 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.

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
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.

Leases

The Company as lessee
Rentals paid under operation leases are charged to the profit and loss 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.

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.

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 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 directors 13 13

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 April 2024 272,170 123,586 10,403 406,159
Additions 1,385 5,000 1,580 7,965
Disposals 0 ( 22,215) 0 ( 22,215)
At 31 March 2025 273,555 106,371 11,983 391,909
Accumulated depreciation
At 01 April 2024 239,743 81,431 8,667 329,841
Charge for the financial year 4,863 10,454 1,330 16,647
Disposals 0 ( 14,508) 0 ( 14,508)
At 31 March 2025 244,606 77,377 9,997 331,980
Net book value
At 31 March 2025 28,949 28,994 1,986 59,929
At 31 March 2024 32,427 42,155 1,736 76,318

4. Stocks

2025 2024
£ £
Finished goods 2,000 2,000

5. Debtors

2025 2024
£ £
Trade debtors 36,626 43,727
Amounts owed by directors 98,952 94,001
Prepayments 10,609 10,167
S455 31,686 30,066
177,873 177,961

6. Current asset investments

2025 2024
£ £
Unlisted investments 105,232 99,057

7. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 65,090 75,278
Accruals 5,076 3,850
Taxation and social security 32,747 41,156
Other creditors 2,376 3,401
105,289 123,685

8. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 27,802) ( 25,323)
Credited/(charged) to the Income Statement 2,543 ( 2,479)
At the end of financial year ( 25,259) ( 27,802)

9. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
At the year end the directors Mark and Patricia Howes owed the company 96,843 94,742
Interest was charged during the year 2,109 2,002