REGISTERED NUMBER: 04715145 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Peter Silvester & Sons Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P S Silvester

M K Silvester

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

04715145 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

14,547

20,809

CURRENT ASSETS

Inventories

2,500

2,500

Debtors

6

31,449

141,031

Cash at bank

108,442

54,347

142,391

197,878

CREDITORS

Amounts falling due within one year

7

(85,315

)

(87,208

)

NET CURRENT ASSETS

57,076

110,670

TOTAL ASSETS LESS CURRENT LIABILITIES

71,623

131,479

PROVISIONS FOR LIABILITIES

(3,540

)

(4,534

)

NET ASSETS

68,083

126,945

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

67,783

126,645

SHAREHOLDERS' FUNDS

68,083

126,945

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 1 December 2025 and were signed on its behalf by:

P S Silvester - Director

1.	STATUTORY INFORMATION

Peter Silvester & Sons Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue 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.

Improvements to property

-

over the period of the lease

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Employee benefits

The costs of short term employee benefits are recognised as a liability and an expense in the period in which these are incurred.

The holiday year of the company ends at the calender year end date, and employees are not entitled to carry forward untaken holiday. The cost of holiday not yet taken in the January to March period is accrued for in the balance sheet and charged to profit and loss in the period to which the holiday entitlement relates.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

Cost

At 1 April 2024

766

52,724

10,480

63,970

Disposals

-

(3,249

)

(3,000

)

(6,249

)

At 31 March 2025

766

49,475

7,480

57,721

Depreciation

At 1 April 2024

766

32,695

9,700

43,161

Charge for year

-

5,007

195

5,202

Eliminated on disposal

-

(2,478

)

(2,711

)

(5,189

)

At 31 March 2025

766

35,224

7,184

43,174

Net book value

At 31 March 2025

-

14,251

296

14,547

At 31 March 2024

-

20,029

780

20,809

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

7,276

10,624

Other debtors

24,173

130,407

31,449

141,031

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

21,186

25,109

Taxation and social security

58,128

55,410

Other creditors

6,001

6,689

85,315

87,208

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

P S Silvester

Balance outstanding at start of year

50,483

-

Amounts advanced

-

50,483

Amounts repaid

(50,483

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

50,483

M K Silvester

Balance outstanding at start of year

50,483

-

Amounts advanced

-

50,483

Amounts repaid

(50,483

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

50,483

Interest has been charged on the loans at HMRC official rates.