REGISTERED NUMBER: 01926789 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Silvers Cresswell Limited.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N S Cresswell

T S Cresswell

SECRETARY:

N S Cresswell

REGISTERED OFFICE:

Silvers Works

Brick Kiln Lane

Basford

Stoke on Trent

Staffordshire

ST4 7BT

REGISTERED NUMBER:

01926789 (England and Wales)

ACCOUNTANTS:

Paterson Brodie Limited

Chartered Certified Accountants

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

FIXED ASSETS

Tangible assets

4

44,222

31,333

Investments

5

82,947

82,947

127,169

114,280

CURRENT ASSETS

Stocks

35,000

30,000

Debtors

6

422,424

419,847

Cash at bank and in hand

279,534

343,970

736,958

793,817

CREDITORS

Amounts falling due within one year

7

281,362

328,887

NET CURRENT ASSETS

455,596

464,930

TOTAL ASSETS LESS CURRENT LIABILITIES

582,765

579,210

PROVISIONS FOR LIABILITIES

9

5,685

7,833

NET ASSETS

577,080

571,377

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

576,980

571,277

SHAREHOLDERS' FUNDS

577,080

571,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

N S Cresswell - Director

T S Cresswell - Director

1.	STATUTORY INFORMATION

Silvers Cresswell Limited. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

6,505

59,972

14,276

80,753

Additions

-

31,575

-

31,575

Disposals

-

(13,750

)

-

(13,750

)

At 31 December 2024

6,505

77,797

14,276

98,578

DEPRECIATION

At 1 January 2024

5,466

32,316

11,638

49,420

Charge for year

156

13,699

396

14,251

Eliminated on disposal

-

(9,315

)

-

(9,315

)

At 31 December 2024

5,622

36,700

12,034

54,356

NET BOOK VALUE

At 31 December 2024

883

41,097

2,242

44,222

At 31 December 2023

1,039

27,656

2,638

31,333

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

82,947

NET BOOK VALUE

At 31 December 2024

82,947

At 31 December 2023

82,947

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

383,881

399,760

Amounts due from subsidiary company

29,318

14,132

Prepayments

9,225

5,955

422,424

419,847

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

76,828

116,576

Tax

24,428

39,926

Social security and other taxes

37,078

31,717

Other creditors

34,775

35,296

Amounts due to subsidiary company

70,111

714

Directors' current accounts

30,386

98,915

Accrued expenses

7,756

5,743

281,362

328,887

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

6,932

7,890

Between one and five years

8,666

-

15,598

7,890

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

5,685

7,833

Deferred

tax

£

Balance at 1 January 2024

7,833

Credit to Income Statement during year

(2,148

)

Balance at 31 December 2024

5,685

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 January 2024

571,277

Profit for the year

125,703

Dividends

(120,000

)

At 31 December 2024

576,980

12.	RELATED PARTY DISCLOSURES

During the year the company sold goods and services totalling £23,997 (2023: £23,668) and purchased goods and services totalling £79,833 (2023: £38,878) from related companies. All transactions were on a normal commercial basis.