REGISTERED NUMBER: 03144640 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SILVER FISH SUPPLY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R N Erskine

Mrs J K Erskine

R R Erskine

P E Erskine

SECRETARY:

Mrs J K Erskine

REGISTERED OFFICE:

57 Harrowside

Blackpool

Lancashire

FY4 1QH

REGISTERED NUMBER:

03144640 (England and Wales)

BANKERS:

NatWest

20 Corporation Street

Blackpool

Lancashire

FY1 1EJ

FIXED ASSETS

Tangible assets

4

298,851

293,296

CURRENT ASSETS

Stocks

98,437

103,867

Debtors

5

136,600

125,997

Cash at bank and in hand

1,612

25,697

236,649

255,561

CREDITORS

Amounts falling due within one year

6

160,581

163,503

NET CURRENT ASSETS

76,068

92,058

TOTAL ASSETS LESS CURRENT LIABILITIES

374,919

385,354

CREDITORS

Amounts falling due after more than one year

7

(249,880

)

(226,169

)

PROVISIONS FOR LIABILITIES

9

(10,626

)

(14,375

)

NET ASSETS

114,413

144,810

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

113,413

143,810

SHAREHOLDERS' FUNDS

114,413

144,810

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 22 September 2025 and were signed on its behalf by:

R N Erskine - Director

1.	STATUTORY INFORMATION

Silver Fish Supply 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Improvements to landlord's property

-

10% on cost

Plant and machinery

-

10-50% on cost

Motor vehicles

-

15-25% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Freehold

landlord's

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2024

197,206

74,755

105,263

Additions

6,385

6,385

1,000

Disposals

-

-

-

At 31 December 2024

203,591

81,140

106,263

DEPRECIATION

At 1 January 2024

5,439

49,139

81,337

Charge for year

3,945

5,922

8,392

Eliminated on disposal

-

-

-

At 31 December 2024

9,384

55,061

89,729

NET BOOK VALUE

At 31 December 2024

194,207

26,079

16,534

At 31 December 2023

191,767

25,616

23,926

Integral

Motor

Plant

vehicles

Totals

£

£

£

COST

At 1 January 2024

29,194

86,853

493,271

Additions

-

23,999

37,769

Disposals

-

(24,745

)

(24,745

)

At 31 December 2024

29,194

86,107

506,295

DEPRECIATION

At 1 January 2024

8,950

55,110

199,975

Charge for year

5,353

8,602

32,214

Eliminated on disposal

-

(24,745

)

(24,745

)

At 31 December 2024

14,303

38,967

207,444

NET BOOK VALUE

At 31 December 2024

14,891

47,140

298,851

At 31 December 2023

20,244

31,743

293,296

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

17,325

Additions

23,999

At 31 December 2024

41,324

DEPRECIATION

At 1 January 2024

6,930

Charge for year

4,599

At 31 December 2024

11,529

NET BOOK VALUE

At 31 December 2024

29,795

At 31 December 2023

10,395

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

128,818

124,861

VAT

5,677

70

Prepayments

2,105

1,066

136,600

125,997

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

18,964

7,605

Hire purchase contracts

5,783

3,081

Trade creditors

106,020

111,616

Tax

470

10,006

Social security and other taxes

4,484

3,488

Directors' loan accounts

-

3,000

Accrued expenses

24,860

24,707

160,581

163,503

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

8,610

7,612

Bank loans - 2-5 years

28,313

25,088

Bank loans more than 5 years

36,337

48,387

Hire purchase contracts

11,998

1,284

Directors' loan accounts

164,622

143,798

249,880

226,169

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

36,337

48,387

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

10,855

-

Bank loans

81,369

88,692

Hire purchase contracts

17,781

4,365

110,005

93,057

The company's bankers National Westminster Bank plc hold a mortgage debenture over all the company's assets together with a personal guarantee of £20,000 from the directors.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

10,641

14,423

Other timing differences

(15

)

(48

)

10,626

14,375

Deferred

tax

£

Balance at 1 January 2024

14,375

Capital allowances in advance

of depreciation

(3,782

)

Pension accrual

33

Balance at 31 December 2024

10,626

10.	ULTIMATE CONTROLLING PARTY