Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Julia Elizabeth Campbell 19/01/2021 Dr Andrew Roger Dixon 19/01/2021 Dr Anthony Francis Klein 19/05/2021 01 August 2025 The principal activity of the Company for the year was that of the provision of defence consultancy services to government and industry. 13144524 2025-03-31 13144524 bus:Director1 2025-03-31 13144524 bus:Director2 2025-03-31 13144524 bus:Director3 2025-03-31 13144524 core:CurrentFinancialInstruments 2025-03-31 13144524 core:CurrentFinancialInstruments 2024-03-31 13144524 2024-03-31 13144524 core:ShareCapital 2025-03-31 13144524 core:ShareCapital 2024-03-31 13144524 core:RetainedEarningsAccumulatedLosses 2025-03-31 13144524 core:RetainedEarningsAccumulatedLosses 2024-03-31 13144524 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2025-03-31 13144524 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2024-03-31 13144524 bus:OrdinaryShareClass1 2025-03-31 13144524 2024-04-01 2025-03-31 13144524 bus:FilletedAccounts 2024-04-01 2025-03-31 13144524 bus:SmallEntities 2024-04-01 2025-03-31 13144524 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13144524 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13144524 bus:Director1 2024-04-01 2025-03-31 13144524 bus:Director2 2024-04-01 2025-03-31 13144524 bus:Director3 2024-04-01 2025-03-31 13144524 2023-04-01 2024-03-31 13144524 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 13144524 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13144524 (England and Wales)

SVGC DIGITAL LIMITED

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

SVGC DIGITAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SVGC DIGITAL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
SVGC DIGITAL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Current assets
Debtors 3 4,026,666 3,941,264
Cash at bank and in hand 42,684 33,199
4,069,350 3,974,463
Creditors: amounts falling due within one year 4 ( 1,904,916) ( 2,481,958)
Net current assets 2,164,434 1,492,505
Total assets less current liabilities 2,164,434 1,492,505
Net assets 2,164,434 1,492,505
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 2,164,334 1,492,405
Total shareholder's funds 2,164,434 1,492,505

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 SVGC Digital Limited (registered number: 13144524) were approved and authorised for issue by the Board of Directors on 01 August 2025. They were signed on its behalf by:

Dr Andrew Roger Dixon
Director
SVGC DIGITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SVGC DIGITAL 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

SVGC Digital 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 The Old Farm Stables Middle Yard, Berwick St Leonard, Salisbury, SP3 5SN, 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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 Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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 supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 Statement of Financial Position date.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2025 2024
£ £
Amounts owed by Group undertakings 3,150,752 2,946,384
Prepayments 23,531 18,264
VAT recoverable 852,383 976,616
4,026,666 3,941,264

4. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 1,779,246 2,036,259
Amounts owed to fellow subsidiaries 64,621 64,621
Accruals 3,200 148,880
Taxation and social security 57,849 232,198
1,904,916 2,481,958

5. Called-up share capital

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

6. Related party transactions

During the year the Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.