IRIS Accounts Production v25.1.3.33 06257834 director 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062578342024-03-31062578342025-03-31062578342024-04-012025-03-31062578342023-03-31062578342023-04-012024-03-31062578342024-03-3106257834ns15:EnglandWales2024-04-012025-03-3106257834ns14:PoundSterling2024-04-012025-03-3106257834ns10:Director12024-04-012025-03-3106257834ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3106257834ns10:SmallEntities2024-04-012025-03-3106257834ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3106257834ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3106257834ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3106257834ns10:FullAccounts2024-04-012025-03-3106257834ns10:RegisteredOffice2024-04-012025-03-3106257834ns5:CurrentFinancialInstruments2025-03-3106257834ns5:CurrentFinancialInstruments2024-03-3106257834ns5:Non-currentFinancialInstruments2025-03-3106257834ns5:Non-currentFinancialInstruments2024-03-3106257834ns5:ShareCapital2025-03-3106257834ns5:ShareCapital2024-03-3106257834ns5:RetainedEarningsAccumulatedLosses2025-03-3106257834ns5:RetainedEarningsAccumulatedLosses2024-03-3106257834ns5:PlantMachinery2024-03-3106257834ns5:ComputerEquipment2024-03-3106257834ns5:PlantMachinery2025-03-3106257834ns5:ComputerEquipment2025-03-3106257834ns5:PlantMachinery2024-03-3106257834ns5:ComputerEquipment2024-03-3106257834ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3106257834ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106257834ns5:CurrentFinancialInstruments2024-04-012025-03-3106257834ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-03-3106257834ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3106257834ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-03-3106257834ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3106257834ns5:Non-currentFinancialInstruments2024-04-012025-03-31
REGISTERED NUMBER: 06257834 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Silvertip Films Limited

Silvertip Films Limited (Registered number: 06257834)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Silvertip Films Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: G T Cockwill





REGISTERED OFFICE: Enterprise House
Foundry Lane
Horsham
West Sussex
RH13 5PX





REGISTERED NUMBER: 06257834 (England and Wales)





ACCOUNTANTS: Richard Symonds FCA FCCA
Symonds & Co Chartered Accountants
Sunny Nook
Barhatch Road
Cranleigh
Surrey
GU6 7DJ

Silvertip Films Limited (Registered number: 06257834)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
CURRENT ASSETS
Debtors 5 15,091 16,266
Cash at bank 1,894 2,406
16,985 18,672
CREDITORS
Amounts falling due within one year 6 13,512 11,752
NET CURRENT ASSETS 3,473 6,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,473

6,920

CREDITORS
Amounts falling due after more than one
year

7

3,342

5,041
NET ASSETS 131 1,879

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31 1,779
SHAREHOLDERS' FUNDS 131 1,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2025 and were signed by:





G T Cockwill - Director


Silvertip Films Limited (Registered number: 06257834)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Silvertip Films Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery 33% straight line
Computer Equipment 33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

Silvertip Films Limited (Registered number: 06257834)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 35,519 8,471 43,990
DEPRECIATION
At 1 April 2024
and 31 March 2025 35,519 8,471 43,990
NET BOOK VALUE
At 31 March 2025 - - -
At 31 March 2024 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 8,563 16,266
Directors' loan accounts 6,528 -
15,091 16,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 1,700 1,700
Hire purchase contracts 428 109
Trade creditors (33 ) 149
Tax 6,104 5,407
Social security and other taxes 1,156 -
VAT 4,157 4,158
Directors' loan accounts - 229
13,512 11,752

The bank loans are secured on the assets of the company.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 2,758 3,458
Bank loans - 2-5 years 584 1,583
3,342 5,041

The bank loans are secured on the assets of the company.

Silvertip Films Limited (Registered number: 06257834)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, the director owed the company £6,528 (2024 £229). This amount has been included within debtors on the balance sheet.

During the year, the director received dividends totalling £16,200 (2024 £22,000)

9. ULTIMATE CONTROLLING PARTY

The controlling party is G T Cockwill.