Silverfin false false 31/12/2024 01/01/2024 31/12/2024 A S Fysh 22/02/2001 J Y Goodwin 22/02/2001 A L Horner 22/02/2001 28 July 2025 no description of principal activity 04165690 2024-12-31 04165690 bus:Director1 2024-12-31 04165690 bus:Director2 2024-12-31 04165690 bus:Director3 2024-12-31 04165690 2023-12-31 04165690 core:CurrentFinancialInstruments 2024-12-31 04165690 core:CurrentFinancialInstruments 2023-12-31 04165690 core:ShareCapital 2024-12-31 04165690 core:ShareCapital 2023-12-31 04165690 core:RetainedEarningsAccumulatedLosses 2024-12-31 04165690 core:RetainedEarningsAccumulatedLosses 2023-12-31 04165690 core:LeaseholdImprovements 2023-12-31 04165690 core:FurnitureFittings 2023-12-31 04165690 core:OfficeEquipment 2023-12-31 04165690 core:ComputerEquipment 2023-12-31 04165690 core:LeaseholdImprovements 2024-12-31 04165690 core:FurnitureFittings 2024-12-31 04165690 core:OfficeEquipment 2024-12-31 04165690 core:ComputerEquipment 2024-12-31 04165690 bus:OrdinaryShareClass1 2024-12-31 04165690 2024-01-01 2024-12-31 04165690 bus:FilletedAccounts 2024-01-01 2024-12-31 04165690 bus:SmallEntities 2024-01-01 2024-12-31 04165690 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04165690 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04165690 bus:Director1 2024-01-01 2024-12-31 04165690 bus:Director2 2024-01-01 2024-12-31 04165690 bus:Director3 2024-01-01 2024-12-31 04165690 core:LeaseholdImprovements core:TopRangeValue 2024-01-01 2024-12-31 04165690 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 04165690 core:OfficeEquipment core:TopRangeValue 2024-01-01 2024-12-31 04165690 core:ComputerEquipment core:TopRangeValue 2024-01-01 2024-12-31 04165690 2023-01-01 2023-12-31 04165690 core:LeaseholdImprovements 2024-01-01 2024-12-31 04165690 core:FurnitureFittings 2024-01-01 2024-12-31 04165690 core:OfficeEquipment 2024-01-01 2024-12-31 04165690 core:ComputerEquipment 2024-01-01 2024-12-31 04165690 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04165690 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04165690 (England and Wales)

FRANCIS ILES ARTYCAT LIMITED

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

FRANCIS ILES ARTYCAT LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

FRANCIS ILES ARTYCAT LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
FRANCIS ILES ARTYCAT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
Directors A S Fysh
J Y Goodwin
A L Horner
Secretary A S Fysh
Registered office 104 High Street
Rochester
Kent
ME1 1JT
United Kingdom
Company number 04165690 (England and Wales)
Accountant Kreston Reeves LLP
2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FRANCIS ILES ARTYCAT LIMITED

For the financial year ended 31 December 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FRANCIS ILES ARTYCAT LIMITED (continued)

For the financial year ended 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 Francis Iles Artycat Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 7 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 Francis Iles Artycat 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 profit of Francis Iles Artycat Limited. You consider that Francis Iles Artycat Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Francis Iles Artycat 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 Francis Iles Artycat Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Francis Iles Artycat Limited and state those matters that we have agreed to state to the Board of Directors of Francis Iles Artycat 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 Francis Iles Artycat Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

28 July 2025

FRANCIS ILES ARTYCAT LIMITED

BALANCE SHEET

As at 31 December 2024
FRANCIS ILES ARTYCAT LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,311 6,981
6,311 6,981
Current assets
Stocks 77,165 51,997
Debtors 4 796 48
Cash at bank and in hand 27,444 39,118
105,405 91,163
Creditors: amounts falling due within one year 5 ( 45,682) ( 46,130)
Net current assets 59,723 45,033
Total assets less current liabilities 66,034 52,014
Net assets 66,034 52,014
Capital and reserves
Called-up share capital 6 32,400 24,399
Profit and loss account 33,634 27,615
Total shareholders' funds 66,034 52,014

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 Francis Iles Artycat Limited (registered number: 04165690) were approved and authorised for issue by the Board of Directors on 28 July 2025. They were signed on its behalf by:

A L Horner
Director
J Y Goodwin
Director
FRANCIS ILES ARTYCAT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
FRANCIS ILES ARTYCAT 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

Francis Iles Artycat 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 104 High Street, Rochester, Kent, ME1 1JT, 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.

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.

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:

Leasehold improvements 5 years straight line
Fixtures and fittings 5 years straight line
Office equipment 5 years straight line
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.

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.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 8

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 January 2024 2,475 7,841 1,976 0 12,292
Additions 70 1,399 0 644 2,113
At 31 December 2024 2,545 9,240 1,976 644 14,405
Accumulated depreciation
At 01 January 2024 990 3,136 1,185 0 5,311
Charge for the financial year 501 1,708 395 179 2,783
At 31 December 2024 1,491 4,844 1,580 179 8,094
Net book value
At 31 December 2024 1,054 4,396 396 465 6,311
At 31 December 2023 1,485 4,705 791 0 6,981

4. Debtors

2024 2023
£ £
Trade debtors 796 48

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 17,804 11,167
Corporation tax 1,586 1,897
Other taxation and social security 11,588 6,954
Other creditors 14,704 26,112
45,682 46,130

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
32,400 Ordinary shares of £ 1.00 each (2023: 24,399 shares of £ 1.00 each) 32,400 24,399

During the year the company issued 8,001 ordinary shares at par.

7. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Finance leases entered into 1,471 0