Silverpush Limited 31/03/2025 iXBRL

Silverpush Limited

Filleted accounts

31 March 2025

Company registration number: 14570389

Silverpush Limited

Directors and other information


	Directors	P W Briggs
		H Chawla
		K N Mehta


	Company number	14570389


	Registered office	The Old Dairy
		12 Stephen Road
		Headington
		Oxford
		OX3 9AY


	Auditor	Cox Hinkins Audit Services Limited
		The Old Dairy
		12 Stephen Road
		Headington
		Oxford
		OX3 9AY

Silverpush Limited

Directors responsibilities statement

Year ended 31st March 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Silverpush Limited

Balance sheet

31st March 2025

		31/03/25		31/03/24
	Note	£	£	£	£

Fixed assets
Tangible assets	5	9,894		1,526
		_______		_______
			9,894		1,526

Current assets
Debtors	6	1,096,238		731,407
Cash at bank and in hand		724,091		241,906
		_______		_______
		1,820,329		973,313
Creditors: amounts falling due
within one year	7	( 1,626,586)		( 868,449)
		_______		_______
Net current assets			193,743		104,864

			_______		_______
Net assets			203,637		106,390
			_______		_______

Capital and reserves
Called up share capital	8		75,100		75,100
Profit and loss account			128,537		31,290
			_______		_______
Shareholder funds			203,637		106,390
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 16 July 2025 , and are signed on behalf of the board by:

P W Briggs

Director

Company registration number: 14570389

Silverpush Limited

Notes to the financial statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be the provision of marketing technology services.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant. Unrelieved tax losses and other deferred tax assets are not recognised as it is uncertain when they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:


Computer equipment and related hardware	-	3 years straight line basis

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Cash and cash equivalents

Cash consists of cash on hand and demand deposits. There are no cash equivalents included in the financial statements.

Other financial assets

Other financial assets comprise trade debtors, amounts owed by group undertakings and other debtors. Other financial assets are initially measured at the undiscounted amount of cash receivable and are subsequently measured at amortised cost less impairment, where there is objective evidence of an impairment.

Other financial liabilities

Other financial liabilities include trade creditors, amounts owed to group undertakings and other creditors. Other financial liabilities are measured at invoice cost, unless payment is deferred beyond normal business terms or is financed at a rate of interest that is not market rate. In this case the arrangement constitutes a financing transaction, and the financial liability is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 3 ).

5. Tangible assets

	Computer equipment and related hardware	Total
	£	£
Cost
At 1st April 2024	1,526	1,526
Additions	12,666	12,666
	_______	_______
At 31st March 2025	14,192	14,192
	_______	_______
Depreciation
At 1st April 2024	-	-
Charge for the year	4,298	4,298
	_______	_______
At 31st March 2025	4,298	4,298
	_______	_______
Carrying amount
At 31st March 2025	9,894	9,894
	_______	_______
At 31st March 2024	1,526	1,526
	_______	_______

6. Debtors

	31/03/25	31/03/24
	£	£
Trade debtors	984,845	456,038
Other debtors	111,393	275,369
	_______	_______
	1,096,238	731,407
	_______	_______

7. Creditors: amounts falling due within one year

	31/03/25	31/03/24
	£	£
Trade creditors	477,496	124,279
Amounts owed to group undertakings and undertakings in which the company has a participating interest	698,472	-
Social security and other taxes	131,146	59,137
Other creditors	319,472	685,033
	_______	_______
	1,626,586	868,449
	_______	_______

8. Called up share capital

Issued, called up and fully paid

	31/03/25		31/03/24
	No	£	No	£
Ordinary shares of £ 1.00 each	75,100	75,100	75,100	75,100
	_______	_______	_______	_______

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	58,455	-
	_______	_______

10. Summary audit opinion

The auditor's report dated 16 July 2025 was unqualified.

The senior statutory auditor was Rodney Mark Morgan for and on behalf of Cox Hinkins Audit Services Limited

11. Controlling party

The immediate parent undertaking of Silverpush Limited is Silverpush Global Pte Ltd, a company incorporated in Singapore with its registered adress at 105 Cecil Street, #13-02 The Octagon, Singapore.The ultimate parent undertaking of Silverpush Limited is Esspee Capital Group Pte Ltd, a company incorporated in Singapore with its registered adress at 105 Cecil Street, #13-02 The Octagon, Singapore.