Silverfin false false 31/05/2025 01/06/2024 31/05/2025 R W F Simon 04/05/2007 27 August 2025 The principal activity of the Company during the financial year was internet retailing. 06174877 2025-05-31 06174877 bus:Director1 2025-05-31 06174877 2024-05-31 06174877 core:CurrentFinancialInstruments 2025-05-31 06174877 core:CurrentFinancialInstruments 2024-05-31 06174877 core:ShareCapital 2025-05-31 06174877 core:ShareCapital 2024-05-31 06174877 core:SharePremium 2025-05-31 06174877 core:SharePremium 2024-05-31 06174877 core:RetainedEarningsAccumulatedLosses 2025-05-31 06174877 core:RetainedEarningsAccumulatedLosses 2024-05-31 06174877 core:LeaseholdImprovements 2024-05-31 06174877 core:PlantMachinery 2024-05-31 06174877 core:FurnitureFittings 2024-05-31 06174877 core:OfficeEquipment 2024-05-31 06174877 core:LeaseholdImprovements 2025-05-31 06174877 core:PlantMachinery 2025-05-31 06174877 core:FurnitureFittings 2025-05-31 06174877 core:OfficeEquipment 2025-05-31 06174877 bus:OrdinaryShareClass1 2025-05-31 06174877 2024-06-01 2025-05-31 06174877 bus:FilletedAccounts 2024-06-01 2025-05-31 06174877 bus:SmallEntities 2024-06-01 2025-05-31 06174877 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 06174877 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 06174877 bus:Director1 2024-06-01 2025-05-31 06174877 core:LeaseholdImprovements core:TopRangeValue 2024-06-01 2025-05-31 06174877 core:PlantMachinery core:TopRangeValue 2024-06-01 2025-05-31 06174877 core:FurnitureFittings core:TopRangeValue 2024-06-01 2025-05-31 06174877 core:OfficeEquipment core:TopRangeValue 2024-06-01 2025-05-31 06174877 2023-06-01 2024-05-31 06174877 core:LeaseholdImprovements 2024-06-01 2025-05-31 06174877 core:PlantMachinery 2024-06-01 2025-05-31 06174877 core:FurnitureFittings 2024-06-01 2025-05-31 06174877 core:OfficeEquipment 2024-06-01 2025-05-31 06174877 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 06174877 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06174877 (England and Wales)

CHELSTON DIRECT LIMITED

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

CHELSTON DIRECT LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

CHELSTON DIRECT LIMITED

BALANCE SHEET

As at 31 May 2025
CHELSTON DIRECT LIMITED

BALANCE SHEET (continued)

As at 31 May 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 13,394 14,901
13,394 14,901
Current assets
Stocks 225,915 232,202
Cash at bank and in hand 42,972 13,284
268,887 245,486
Creditors: amounts falling due within one year 4 ( 64,160) ( 41,071)
Net current assets 204,727 204,415
Total assets less current liabilities 218,121 219,316
Net assets 218,121 219,316
Capital and reserves
Called-up share capital 5 100 100
Share premium account 59,900 59,900
Profit and loss account 158,121 159,316
Total shareholder's funds 218,121 219,316

For the financial year ending 31 May 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 Chelston Direct Limited (registered number: 06174877) were approved and authorised for issue by the Director on 27 August 2025. They were signed on its behalf by:

R W F Simon
Director
CHELSTON DIRECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
CHELSTON DIRECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 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

Chelston Direct 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 Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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 Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

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

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.

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 basis over its expected useful life, as follows:

Leasehold improvements 20 years straight line
Plant and machinery 5 years straight line
Fixtures and fittings 4 years straight line
Office 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.

Leases

The Company as lessee
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.

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. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

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

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 June 2024 26,050 8,528 1,606 3,779 39,963
Additions 0 0 0 446 446
At 31 May 2025 26,050 8,528 1,606 4,225 40,409
Accumulated depreciation
At 01 June 2024 13,027 7,730 1,547 2,758 25,062
Charge for the financial year 1,302 259 20 372 1,953
At 31 May 2025 14,329 7,989 1,567 3,130 27,015
Net book value
At 31 May 2025 11,721 539 39 1,095 13,394
At 31 May 2024 13,023 798 59 1,021 14,901

4. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 46,974 21,807
Accruals 6,142 6,027
Corporation tax 5,937 7,122
Other taxation and social security 1,863 2,778
Other creditors 3,244 3,337
64,160 41,071

5. Called-up share capital

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