Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr J A Harvey 31/07/2014 Mr W S Harvey 01/01/2018 19 August 2025 The principal activity of the Company during the financial year was the processing and sale of fish. 09155006 2024-12-31 09155006 bus:Director1 2024-12-31 09155006 bus:Director2 2024-12-31 09155006 2023-12-31 09155006 core:CurrentFinancialInstruments 2024-12-31 09155006 core:CurrentFinancialInstruments 2023-12-31 09155006 core:Non-currentFinancialInstruments 2024-12-31 09155006 core:Non-currentFinancialInstruments 2023-12-31 09155006 core:ShareCapital 2024-12-31 09155006 core:ShareCapital 2023-12-31 09155006 core:RevaluationReserve 2024-12-31 09155006 core:RevaluationReserve 2023-12-31 09155006 core:CapitalRedemptionReserve 2024-12-31 09155006 core:CapitalRedemptionReserve 2023-12-31 09155006 core:RetainedEarningsAccumulatedLosses 2024-12-31 09155006 core:RetainedEarningsAccumulatedLosses 2023-12-31 09155006 core:Goodwill 2023-12-31 09155006 core:Goodwill 2024-12-31 09155006 core:LandBuildings 2023-12-31 09155006 core:PlantMachinery 2023-12-31 09155006 core:Vehicles 2023-12-31 09155006 core:ComputerEquipment 2023-12-31 09155006 core:LandBuildings 2024-12-31 09155006 core:PlantMachinery 2024-12-31 09155006 core:Vehicles 2024-12-31 09155006 core:ComputerEquipment 2024-12-31 09155006 2024-01-01 2024-12-31 09155006 bus:FilletedAccounts 2024-01-01 2024-12-31 09155006 bus:SmallEntities 2024-01-01 2024-12-31 09155006 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09155006 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09155006 bus:Director1 2024-01-01 2024-12-31 09155006 bus:Director2 2024-01-01 2024-12-31 09155006 core:Goodwill core:TopRangeValue 2024-01-01 2024-12-31 09155006 core:PlantMachinery 2024-01-01 2024-12-31 09155006 core:Vehicles 2024-01-01 2024-12-31 09155006 core:ComputerEquipment core:TopRangeValue 2024-01-01 2024-12-31 09155006 2023-01-01 2023-12-31 09155006 core:LandBuildings 2024-01-01 2024-12-31 09155006 core:ComputerEquipment 2024-01-01 2024-12-31 09155006 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 09155006 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 09155006 (England and Wales)

W HARVEY & SONS LIMITED

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

W HARVEY & SONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

W HARVEY & SONS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
W HARVEY & SONS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS Mr J A Harvey
Mr W S Harvey
REGISTERED OFFICE The Coombe
Newlyn
Penzance
TR18 5HF
United Kingdom
COMPANY NUMBER 09155006 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
W HARVEY & SONS LIMITED

BALANCE SHEET

As at 31 December 2024
W HARVEY & SONS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 779,543 721,636
779,543 721,636
Current assets
Stocks 257,271 374,584
Debtors 5 515,015 472,469
Cash at bank and in hand 1,001,417 405,806
1,773,703 1,252,859
Creditors: amounts falling due within one year 6 ( 473,040) ( 350,214)
Net current assets 1,300,663 902,645
Total assets less current liabilities 2,080,206 1,624,281
Creditors: amounts falling due after more than one year 7 ( 214,346) ( 306,507)
Provision for liabilities ( 28,825) ( 28,739)
Net assets 1,837,035 1,289,035
Capital and reserves
Called-up share capital 210,000 230,000
Revaluation reserve 60,675 60,675
Capital redemption reserve 170,000 150,000
Profit and loss account 1,396,360 848,360
Total shareholders' funds 1,837,035 1,289,035

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 W Harvey & Sons Limited (registered number: 09155006) were approved and authorised for issue by the Board of Directors on 19 August 2025. They were signed on its behalf by:

Mr W S Harvey
Director
W HARVEY & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
W HARVEY & SONS 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

W Harvey & Sons 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 Coombe, Newlyn, Penzance, TR18 5HF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity;
And specific criteria have been met for each of the company’s activities.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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.

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:

Goodwill 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 [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings depreciated over the life of the lease
Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 4 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.

Impairment of assets

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

Stocks

The cost of direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 32 35

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 20,000 20,000
At 31 December 2024 20,000 20,000
Accumulated amortisation
At 01 January 2024 20,000 20,000
At 31 December 2024 20,000 20,000
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Computer equipment Total
£ £ £ £ £
Cost
At 01 January 2024 687,851 257,508 70,171 8,618 1,024,148
Additions 35,329 33,800 22,000 0 91,129
Disposals 0 0 ( 4,172) 0 ( 4,172)
At 31 December 2024 723,180 291,308 87,999 8,618 1,111,105
Accumulated depreciation
At 01 January 2024 57,524 183,768 52,896 8,324 302,512
Charge for the financial year 8,768 15,771 6,629 294 31,462
Disposals 0 0 ( 2,412) 0 ( 2,412)
At 31 December 2024 66,292 199,539 57,113 8,618 331,562
Net book value
At 31 December 2024 656,888 91,769 30,886 0 779,543
At 31 December 2023 630,327 73,740 17,275 294 721,636

5. Debtors

2024 2023
£ £
Trade debtors 464,918 429,133
Prepayments 20,036 16,285
VAT recoverable 13,550 11,540
Other debtors 16,511 15,511
515,015 472,469

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 62,424 57,237
Trade creditors 57,200 57,750
Amounts owed to directors 14,140 9,372
Accruals 63,219 40,408
Taxation and social security 254,510 175,406
Other creditors 21,547 10,041
473,040 350,214

The bank loan is secured by way of a fixed charge over the freehold and leasehold property.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 45,112 137,273
Other creditors 169,234 169,234
214,346 306,507

The bank loan is secured by way of fixed charge over the freehold and leasehold property.

8. Financial commitments

Other financial commitments

2024 2023
£ £
Lease of land and buildings 72,475 71,962