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Company No: 00370575 (England and Wales)

T G REDSELL LIMITED

Unaudited Financial Statements
For the financial period from 01 October 2023 to 31 December 2024
Pages for filing with the registrar

T G REDSELL LIMITED

Unaudited Financial Statements

For the financial period from 01 October 2023 to 31 December 2024

Contents

T G REDSELL LIMITED

COMPANY INFORMATION

For the financial period from 01 October 2023 to 31 December 2024
T G REDSELL LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 October 2023 to 31 December 2024
Directors Anthony Edward Redsell
Adam Paul Jarvis Watkins
Secretary Antony Edward Rudgard-Redsell
Registered office Parsonage Farm Office
Nine Ash Lane Boughton-Under-Blean
Faversham
ME13 9SR
United Kingdom
Company number 00370575 (England and Wales)
Accountant Kreston Reeves LLP
37 St Margarets Street
Canterbury
Kent
CT1 2TU
Bankers Handelsbanken
Ground Floor
S Andrew's House
Station Road East
Canterbury
CT1 2BJ
United Kingdom

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF T G REDSELL LIMITED

For the financial period from 01 October 2023 to 31 December 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF T G REDSELL LIMITED (continued)

For the financial period from 01 October 2023 to 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T G Redsell Limited for the financial period ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that T G Redsell Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of T G Redsell Limited. You consider that T G Redsell Limited is exempt from the statutory audit requirement for the financial period.

We have not been instructed to carry out an audit or a review of the financial statements of T G Redsell Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of T G Redsell Limited, as a body, in accordance with the terms of our engagement letter dated 30 November 2021. Our work has been undertaken solely to prepare for your approval the financial statements of T G Redsell Limited and state those matters that we have agreed to state to the Board of Directors of T G Redsell Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T G Redsell Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

37 St Margarets Street
Canterbury
Kent
CT1 2TU

23 July 2025

T G REDSELL LIMITED

BALANCE SHEET

As at 31 December 2024
T G REDSELL LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 30.09.2023
£ £
Fixed assets
Tangible assets 4 2,123,300 2,183,561
Investments 2,519 2,519
2,125,819 2,186,080
Current assets
Stocks 285,553 523,336
Debtors 5 185,364 178,524
Cash at bank and in hand 6 2,486 1,539
473,403 703,399
Creditors: amounts falling due within one year 7 ( 158,233) ( 421,073)
Net current assets 315,170 282,326
Total assets less current liabilities 2,440,989 2,468,406
Creditors: amounts falling due after more than one year 8 ( 404,589) ( 389,503)
Net assets 2,036,400 2,078,903
Capital and reserves
Called-up share capital 6,000 6,000
Profit and loss account 2,030,400 2,072,903
Total shareholders' funds 2,036,400 2,078,903

For the financial period 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 T G Redsell Limited (registered number: 00370575) were approved and authorised for issue by the Board of Directors on 23 July 2025. They were signed on its behalf by:

Anthony Edward Redsell
Director
Adam Paul Jarvis Watkins
Director
T G REDSELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 October 2023 to 31 December 2024
T G REDSELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 October 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

T G Redsell 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 Parsonage Farm Office, Nine Ash Lane Boughton-Under-Blean, Faversham, ME13 9SR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account 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 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.

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 5 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:

Land and buildings 50 years straight line
15 % reducing balance
Plant and machinery 15 - 33 % reducing balance
Vehicles 25 % reducing balance
Office equipment 3 years straight line
Other property, plant and equipment 15 % 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.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

Period from
01.10.2023 to
31.12.2024
Year ended
30.09.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 10 11

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 October 2023 2,259 2,259
At 31 December 2024 2,259 2,259
Accumulated amortisation
At 01 October 2023 2,259 2,259
At 31 December 2024 2,259 2,259
Net book value
At 31 December 2024 0 0
At 30 September 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Other property, plant
and equipment
Total
£ £ £ £ £ £
Cost
At 01 October 2023 1,391,419 542,662 4,695 511 1,506,733 3,446,020
Additions 0 92,749 0 0 0 92,749
Disposals 0 ( 32,500) 0 0 0 ( 32,500)
At 31 December 2024 1,391,419 602,911 4,695 511 1,506,733 3,506,269
Accumulated depreciation
At 01 October 2023 437,909 369,848 4,695 495 449,512 1,262,459
Charge for the financial period 28,462 40,160 0 5 80,677 149,304
Disposals 0 ( 28,794) 0 0 0 ( 28,794)
At 31 December 2024 466,371 381,214 4,695 500 530,189 1,382,969
Net book value
At 31 December 2024 925,048 221,697 0 11 976,544 2,123,300
At 30 September 2023 953,510 172,814 0 16 1,057,221 2,183,561

5. Debtors

31.12.2024 30.09.2023
£ £
Trade debtors 17,160 8,400
Amounts owed by connected companies 48,917 40,409
Prepayments and accrued income 82,454 114,534
Deferred tax asset 8,592 3,911
VAT recoverable 27,882 10,911
Other debtors 359 359
185,364 178,524

6. Cash and cash equivalents

31.12.2024 30.09.2023
£ £
Cash at bank and in hand 2,486 1,539
Less: Bank overdrafts ( 66,240) ( 196,515)
(63,754) (194,976)

7. Creditors: amounts falling due within one year

31.12.2024 30.09.2023
£ £
Bank loans and overdrafts 86,240 216,315
Trade creditors 5,431 8,132
Amounts owed to connected companies 0 97,490
Amounts owed to directors 4,910 18,035
Accruals 7,500 56,411
Obligations under finance leases and hire purchase contracts 29,680 0
Other creditors 24,472 24,690
158,233 421,073

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

31.12.2024 30.09.2023
£ £
Bank loans 362,583 389,503
Obligations under finance leases and hire purchase contracts 42,006 0
404,589 389,503

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

Amounts repayable after more than 5 years are included in creditors falling due over one year:

31.12.2024 30.09.2023
£ £
Bank loans 272,583 304,303

9. Deferred tax

31.12.2024 30.09.2023
£ £
At the beginning of financial period/year 3,911 23,070
Credited/(charged) to the Profit and Loss Account 4,681 ( 19,159)
At the end of financial period/year 8,592 3,911

The deferred taxation balance is made up as follows:

31.12.2024 30.09.2023
£ £
Accelerated capital allowances ( 193,246) ( 193,313)
Tax losses carry forward 201,838 197,224
8,592 3,911