Silverfin false false 30/04/2025 01/05/2024 30/04/2025 A K Keam 12/12/2017 C Keam 12/12/2017 S E Keam 12/12/2017 J S Keam 12/12/2017 07 August 2025 The principal activity of the company during the financial year was that of manufacturing clothing labels. 11107845 2025-04-30 11107845 bus:Director1 2025-04-30 11107845 bus:Director2 2025-04-30 11107845 bus:Director3 2025-04-30 11107845 bus:Director4 2025-04-30 11107845 2024-04-30 11107845 core:CurrentFinancialInstruments 2025-04-30 11107845 core:CurrentFinancialInstruments 2024-04-30 11107845 core:ShareCapital 2025-04-30 11107845 core:ShareCapital 2024-04-30 11107845 core:RetainedEarningsAccumulatedLosses 2025-04-30 11107845 core:RetainedEarningsAccumulatedLosses 2024-04-30 11107845 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-04-30 11107845 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-04-30 11107845 core:PlantMachinery 2024-04-30 11107845 core:FurnitureFittings 2024-04-30 11107845 core:PlantMachinery 2025-04-30 11107845 core:FurnitureFittings 2025-04-30 11107845 bus:OrdinaryShareClass1 2025-04-30 11107845 2024-05-01 2025-04-30 11107845 bus:FilletedAccounts 2024-05-01 2025-04-30 11107845 bus:SmallEntities 2024-05-01 2025-04-30 11107845 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 11107845 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 11107845 bus:Director1 2024-05-01 2025-04-30 11107845 bus:Director2 2024-05-01 2025-04-30 11107845 bus:Director3 2024-05-01 2025-04-30 11107845 bus:Director4 2024-05-01 2025-04-30 11107845 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2024-05-01 2025-04-30 11107845 core:PlantMachinery 2024-05-01 2025-04-30 11107845 core:FurnitureFittings 2024-05-01 2025-04-30 11107845 2023-05-01 2024-04-30 11107845 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-05-01 2025-04-30 11107845 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 11107845 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11107845 (England and Wales)

ASQUITH GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

ASQUITH GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

ASQUITH GROUP LIMITED

BALANCE SHEET

As at 30 April 2025
ASQUITH GROUP LIMITED

BALANCE SHEET (continued)

As at 30 April 2025
Note 2025 2024
£ £
Fixed assets
Intangible assets 3 3,977 5,141
Tangible assets 4 5,674 1,965
9,651 7,106
Current assets
Stocks 53,867 51,373
Debtors 5 145,257 106,975
Cash at bank and in hand 80,786 105,961
279,910 264,309
Creditors: amounts falling due within one year 6 ( 228,101) ( 175,347)
Net current assets 51,809 88,962
Total assets less current liabilities 61,460 96,068
Provision for liabilities ( 1,419) ( 491)
Net assets 60,041 95,577
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 59,941 95,477
Total shareholder's funds 60,041 95,577

For the financial year ending 30 April 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 Asquith Group Limited (registered number: 11107845) were approved and authorised for issue by the Board of Directors on 07 August 2025. They were signed on its behalf by:

J S Keam
Director
ASQUITH GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
ASQUITH GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

Asquith Group 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 Unit 5 Joshua Park, 1 Bell Close, Plymouth, Devon, PL7 4FF, 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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:

Website costs 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 reducing balance basis over its expected useful life, as follows:

Plant and machinery 33 % reducing balance
Fixtures and fittings 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.

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 Statement of Income and Retained Earnings 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 is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised 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 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

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 9

3. Intangible assets

Website costs Total
£ £
Cost
At 01 May 2024 5,820 5,820
At 30 April 2025 5,820 5,820
Accumulated amortisation
At 01 May 2024 679 679
Charge for the financial year 1,164 1,164
At 30 April 2025 1,843 1,843
Net book value
At 30 April 2025 3,977 3,977
At 30 April 2024 5,141 5,141

4. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 May 2024 4,401 2,358 6,759
Additions 5,635 0 5,635
At 30 April 2025 10,036 2,358 12,394
Accumulated depreciation
At 01 May 2024 2,855 1,939 4,794
Charge for the financial year 1,821 105 1,926
At 30 April 2025 4,676 2,044 6,720
Net book value
At 30 April 2025 5,360 314 5,674
At 30 April 2024 1,546 419 1,965

5. Debtors

2025 2024
£ £
Trade debtors 112,448 99,251
Amounts owed by Group undertakings 25,836 0
Other debtors 6,973 7,724
145,257 106,975

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 77,999 36,024
Amounts owed to Group undertakings 3,424 0
Taxation and social security 120,543 111,806
Other creditors 26,135 27,517
228,101 175,347

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Ultimate controlling party

Parent Company:

Asquith Group Holdings Limited
Unit 5 Joshua Park, 1 Bell Close, Plymouth, Devon, England, PL7 4FF.