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Company No: 13479918 (England and Wales)

LIQUID FUSION MANUFACTURING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

LIQUID FUSION MANUFACTURING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

LIQUID FUSION MANUFACTURING LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
LIQUID FUSION MANUFACTURING LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
DIRECTOR E Swete
REGISTERED OFFICE Wey Court West
Union road
Farnham
Surrey
GU9 7PT
United Kingdom
COMPANY NUMBER 13479918 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
LIQUID FUSION MANUFACTURING LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025
LIQUID FUSION MANUFACTURING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 271,248 304,642
271,248 304,642
Current assets
Stocks 15,588 0
Debtors 4 88,153 61,581
Cash at bank and in hand 5 44,117 16,639
147,858 78,220
Creditors: amounts falling due within one year 6 ( 130,987) ( 168,814)
Net current assets/(liabilities) 16,871 (90,594)
Total assets less current liabilities 288,119 214,048
Provision for liabilities 7 ( 58,345) ( 38,085)
Net assets 229,774 175,963
Capital and reserves
Called-up share capital 8 118 118
Profit and loss account 229,656 175,845
Total shareholders' funds 229,774 175,963

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.

Director's responsibilities:

The financial statements of Liquid Fusion Manufacturing Limited (registered number: 13479918) were approved and authorised for issue by the Director on 23 July 2025. They were signed on its behalf by:

E Swete
Director
LIQUID FUSION MANUFACTURING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
LIQUID FUSION MANUFACTURING 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

Liquid Fusion Manufacturing 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 Wey Court West, Union road, Farnham, Surrey, GU9 7PT,, 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 £.

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 sale of goods is recognised when the goods are physically delivered to the customer.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
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.

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 depreciated over the life of the lease
Plant and machinery 10 % reducing balance
Office equipment 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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.

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.

Provisions

Provisions are recognised when the has a present obligation (legal or constructive) as a result of a past event, it is probable that the 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 Statement of Financial Position 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).

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 12 12

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Office equipment Total
£ £ £ £
Cost
At 01 April 2024 3,369 356,336 828 360,533
Additions 0 3,284 0 3,284
Disposals 0 ( 7,862) 0 ( 7,862)
At 31 March 2025 3,369 351,758 828 355,955
Accumulated depreciation
At 01 April 2024 601 55,205 85 55,891
Charge for the financial year 337 30,317 186 30,840
Disposals 0 ( 2,024) 0 ( 2,024)
At 31 March 2025 938 83,498 271 84,707
Net book value
At 31 March 2025 2,431 268,260 557 271,248
At 31 March 2024 2,768 301,131 743 304,642

4. Debtors

2025 2024
£ £
Trade debtors 69,939 60,466
Prepayments 18,214 1,115
88,153 61,581

5. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 44,117 16,639

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 7,373 2,286
Amounts owed to Group undertakings 87,405 141,694
Accruals 1,500 2,059
Other taxation and social security 33,319 21,534
Other creditors 1,390 1,241
130,987 168,814

7. Deferred tax

2025 2024
£ £
At the beginning of financial year ( 38,085) ( 4,110)
Charged to the Statement of Income and Retained Earnings ( 20,260) ( 33,975)
At the end of financial year ( 58,345) ( 38,085)

The deferred taxation balance is made up as follows:

2025 2024
£ £
Accelerated capital allowances ( 68,664) ( 75,469)
Tax losses carry forward 10,170 37,252
Pension surplus 149 132
( 58,345) ( 38,085)

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
9,000 A ordinary shares of £ 0.01 each 90 90
1,000 B ordinary shares of £ 0.01 each 10 10
1,765 C ordinary shares of £ 0.01 each 18 18
118 118

9. Financial commitments

Pensions

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,039 (2024 - £6,158) .

Contributions totaling £1,391 (2024 - £1,239) were payable to the fund at the reporting date and are included in creditors.