Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Julia Elizabeth Campbell 24/06/2016 Dr Andrew Roger Dixon 02/04/2012 Christopher John Parry 13/05/2024 01/08/2012 01 August 2025 The principal activity of the Company during the financial year was that of data analysis consultancy. 03375361 2025-03-31 03375361 bus:Director1 2025-03-31 03375361 bus:Director2 2025-03-31 03375361 bus:Director3 2025-03-31 03375361 2024-03-31 03375361 core:CurrentFinancialInstruments 2025-03-31 03375361 core:CurrentFinancialInstruments 2024-03-31 03375361 core:ShareCapital 2025-03-31 03375361 core:ShareCapital 2024-03-31 03375361 core:SharePremium 2025-03-31 03375361 core:SharePremium 2024-03-31 03375361 core:CapitalRedemptionReserve 2025-03-31 03375361 core:CapitalRedemptionReserve 2024-03-31 03375361 core:OtherCapitalReserve 2025-03-31 03375361 core:OtherCapitalReserve 2024-03-31 03375361 core:RetainedEarningsAccumulatedLosses 2025-03-31 03375361 core:RetainedEarningsAccumulatedLosses 2024-03-31 03375361 core:ComputerEquipment 2024-03-31 03375361 core:ComputerEquipment 2025-03-31 03375361 core:CostValuation 2024-03-31 03375361 core:CostValuation 2025-03-31 03375361 bus:OrdinaryShareClass1 2025-03-31 03375361 2024-04-01 2025-03-31 03375361 bus:FilletedAccounts 2024-04-01 2025-03-31 03375361 bus:SmallEntities 2024-04-01 2025-03-31 03375361 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03375361 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03375361 bus:Director1 2024-04-01 2025-03-31 03375361 bus:Director2 2024-04-01 2025-03-31 03375361 bus:Director3 2024-04-01 2025-03-31 03375361 core:ComputerEquipment 2024-04-01 2025-03-31 03375361 2023-04-01 2024-03-31 03375361 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 03375361 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03375361 (England and Wales)

SVGC LIMITED

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

SVGC LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SVGC LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
SVGC LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 50,915 50,210
Investments 4 100 100
51,015 50,310
Current assets
Debtors 5 2,943,045 3,167,382
Cash at bank and in hand 1,745,279 1,805,997
4,688,324 4,973,379
Creditors: amounts falling due within one year 6 ( 4,626,229) ( 4,638,711)
Net current assets 62,095 334,668
Total assets less current liabilities 113,110 384,978
Provision for liabilities ( 11,836) ( 10,773)
Net assets 101,274 374,205
Capital and reserves
Called-up share capital 7 156 156
Share premium account 77,077 77,077
Capital redemption reserve 111 111
Other reserves ( 57,582 ) ( 57,582 )
Profit and loss account 81,512 354,443
Total shareholders' funds 101,274 374,205

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 Limited (registered number: 03375361) 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 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SVGC 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 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.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

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.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties 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:

Computer equipment 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Ordinary share capital

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

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 27 28

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2024 90,434 90,434
Additions 15,372 15,372
Disposals ( 1,638) ( 1,638)
At 31 March 2025 104,168 104,168
Accumulated depreciation
At 01 April 2024 40,224 40,224
Charge for the financial year 14,282 14,282
Disposals ( 1,253) ( 1,253)
At 31 March 2025 53,253 53,253
Net book value
At 31 March 2025 50,915 50,915
At 31 March 2024 50,210 50,210

4. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 April 2024 100
At 31 March 2025 100
Carrying value at 31 March 2025 100
Carrying value at 31 March 2024 100

5. Debtors

2025 2024
£ £
Trade debtors 2,617,490 2,830,459
Amounts owed by Group undertakings 184,215 184,215
Prepayments 119,058 139,949
Corporation tax 22,282 12,759
2,943,045 3,167,382

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 90,389 105,398
Amounts owed to Group undertakings 4,079,022 3,028,990
Accruals 30,859 195,707
Taxation and social security 425,959 1,302,698
Other creditors 0 5,918
4,626,229 4,638,711

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
15,570 Ordinary shares of £ 0.01 each 156 156

8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2025 2024
£ £
Unpaid contributions due to the fund (inc. in other creditors) 0 5,918

9. 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.