REGISTERED NUMBER: 00326369 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Payne & Son (Silversmiths) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D Payne

Mrs A L Payne

SECRETARY:

Mrs A L Payne

REGISTERED OFFICE:

First Floor,West Barn

North Frith Farm , Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

REGISTERED NUMBER:

00326369 (England and Wales)

ACCOUNTANTS:

Deeks Evans Audit Services Limited

Statutory Auditor

First Floor, West Barn

North Frith Farm, Ashes Lane, Hadlow

Tonbridge

Kent

TN11 9QU

FIXED ASSETS

Tangible assets

4

119,764

121,246

CURRENT ASSETS

Stocks

123,452

121,951

Debtors

5

2,087

1,676

Cash at bank

56,625

64,540

182,164

188,167

CREDITORS

Amounts falling due within one year

6

5,655

6,114

NET CURRENT ASSETS

176,509

182,053

TOTAL ASSETS LESS CURRENT LIABILITIES

296,273

303,299

CAPITAL & RESERVES

Called up share capital

7

15,175

15,175

Retained earnings

281,098

288,124

296,273

303,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

M D Payne - Director

1.	STATUTORY INFORMATION

Payne & Son (Silversmiths) 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.

Land and buildings

-

1% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

130,844

1,355

132,199

DEPRECIATION

At 1 August 2024

10,349

604

10,953

Charge for year

1,294

188

1,482

At 31 July 2025

11,643

792

12,435

NET BOOK VALUE

At 31 July 2025

119,201

563

119,764

At 31 July 2024

120,495

751

121,246

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,087

1,676

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation & social security

2,555

3,014

Other creditors

3,100

3,100

5,655

6,114

7.	CALLED UP SHARE CAPITAL

Allotted, called up an fully paid shares

2024

2023

£

£

Ordinary shares of £1 each

15,000

15,000

15000

15000

A ordinary shares of 5p each

500

25

500

25

B ordinary shares of 5p each

500

25

500

25

C ordinary shares of 5p each

500

25

500

25

D ordinary shares of 5p each

500

25

500

25

E ordinary shares of 5p each

500

25

500

25

F ordinary shares of 5p each

500

25

500

25

G ordinary shares of 5p each

500

25

500

25

18,500

15,175

18,500

15,175