Raven Silverware Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05967600 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Raven Silverware Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

K Algar

REGISTERED OFFICE:

90 Matilda Street

Sheffield

S1 4QF

REGISTERED NUMBER:

05967600 (England and Wales)

ACCOUNTANTS:

Heather Lea Business Services

49 Heather Lea Avenue

Sheffield

S17 3DL

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

5,620

7,325

5,620

7,325

CURRENT ASSETS

Stocks

1,500

2,000

Debtors

6

9,450

14,452

Cash at bank

64,590

52,710

75,540

69,162

CREDITORS

Amounts falling due within one year

7

65,390

68,469

NET CURRENT ASSETS

10,150

693

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,770

8,018

CREDITORS

Amounts falling due after more than one
year

8

1,307

2,872

NET ASSETS

14,463

5,146

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

10

14,462

5,145

SHAREHOLDERS' FUNDS

14,463

5,146

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 director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

K Algar - Director

1.	STATUTORY INFORMATION

Raven Silverware Company 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

30,500

AMORTISATION

At 1 January 2024

and 31 December 2024

30,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

17,775

6,000

1,370

25,145

DEPRECIATION

At 1 January 2024

15,779

1,200

841

17,820

Charge for year

399

1,200

106

1,705

At 31 December 2024

16,178

2,400

947

19,525

NET BOOK VALUE

At 31 December 2024

1,597

3,600

423

5,620

At 31 December 2023

1,996

4,800

529

7,325

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

9,450

14,390

Other debtors

-

62

9,450

14,452

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Hire purchase contracts

1,568

1,567

Trade creditors

4,666

4,100

Taxation and social security

4,525

(1,558

)

Other creditors

54,631

64,360

65,390

68,469

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Hire purchase contracts

1,307

2,872

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1

Ordinary

£1

1

10.

RESERVES

Retained

earnings

£

At 1 January 2024

5,145

Profit for the year

9,317

At 31 December 2024

14,462

11.	ULTIMATE CONTROLLING PARTY

The controlling party is K Algar.

The ultimate controlling party is K Algar.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Raven Silverware Company Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Raven Silverware Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Raven Silverware Company Limited and state those matters that we have agreed to state to the director of Raven Silverware Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Raven Silverware Company Limited and its director for our work or for this report.

It is your duty to ensure that Raven Silverware Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Raven Silverware Company Limited. You consider that Raven Silverware Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Raven Silverware Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Heather Lea Business Services

49 Heather Lea Avenue

Sheffield

S17 3DL

30 September 2025