SVIUK LTD


Directors	ELLARD, Emma Louise
	ELLARD, Robert Stephen


Registered Address	190 Queen Street
	Withernsea
	HU19 2LG


Registered Number	08555933 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		2,017		1,603
			2,017		1,603
Current assets
Stocks	5	43,857		40,572
Debtors		-		906
Cash at bank and on hand		4,721		12,370
		48,578		53,848
Creditors amounts falling due within one year	6	(24,829)		(24,798)
Net current assets (liabilities)			23,749		29,050
Total assets less current liabilities			25,766		30,653
Creditors amounts falling due after one year	7		(19,223)		(23,853)
Net assets			6,543		6,800
Capital and reserves
Called up share capital			100		100
Profit and loss account			6,443		6,700
Shareholders' funds			6,543		6,800

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 6 November 2025, and are signed on its behalf by:

ELLARD, Robert Stephen
Director
Registered Company No. 08555933

SVIUK LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	3
	Office Equipment	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	8,240	9,668	17,908
Additions	1,343	-	1,343
At 31 March 25	9,583	9,668	19,251
Depreciation and impairment
At 01 April 24	7,963	8,342	16,305
Charge for year	331	598	929
At 31 March 25	8,294	8,940	17,234
Net book value
At 31 March 25	1,289	728	2,017
At 31 March 24	277	1,326	1,603

5.	Stocks
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	2025	2024
	£	£
Finished goods	43,857	40,572
Total	43,857	40,572

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,149	4,638
Bank borrowings and overdrafts	9,045	4,617
Taxation and social security	9,029	8,716
Other creditors	5,606	6,827
Total	24,829	24,798


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	19,223	23,853
Total	19,223	23,853

8.	Related party transactions
	As at 31 March 2025, there were loan amounts owed to the directors for £6,801 (31 March 2024 - £6,826)