1 April 2024 false No description of principal activity Taxfiler 2024.6 01215216 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01215216 2024-03-31 01215216 2024-04-01 2025-03-31 01215216 business:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01215216 business:FilletedAccounts 2024-04-01 2025-03-31 01215216 2025-03-31 01215216 2024-03-31 01215216 core:WithinOneYear 2025-03-31 01215216 core:WithinOneYear 2024-03-31 01215216 core:AfterOneYear 2025-03-31 01215216 core:AfterOneYear 2024-03-31 01215216 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 01215216 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 01215216 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 01215216 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 01215216 core:PreviouslyStatedAmount 2025-03-31 01215216 core:PreviouslyStatedAmount 2024-03-31 01215216 business:SmallEntities 2024-04-01 2025-03-31 01215216 business:Director3 2024-04-01 2025-03-31 01215216 countries:EnglandWales 2024-04-01 2025-03-31 01215216 business:RegisteredOffice 2024-04-01 2025-03-31 01215216 core:PlantMachinery 2024-04-01 2025-03-31 01215216 core:LandBuildings 2024-03-31 01215216 core:PlantMachinery 2024-03-31 01215216 core:LandBuildings 2025-03-31 01215216 core:PlantMachinery 2025-03-31 01215216 core:LandBuildings 2024-04-01 2025-03-31 01215216 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 01215216 (England and Wales)
D.I. Silverton Limited Unaudited accounts for the year ended 31 March 2025
D.I. Silverton Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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D.I. Silverton Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
26,279
27,850
Current assets
Inventories
170,608
180,750
Debtors
5
64,267
49,859
Cash at bank and in hand
20,251
8,442
255,126
239,051
Creditors: amounts falling due within one year
6
(250,650)
(238,532)
Net current assets
4,476
519
Total assets less current liabilities
30,755
28,369
Creditors: amounts falling due after more than one year
7
(15,000)
(12,540)
Provisions for liabilities
Deferred tax
(4,992)
(5,291)
Net assets
10,763
10,538
Capital and reserves
Called up share capital
10,005
10,005
Profit and loss account
758
533
Shareholders' funds
10,763
10,538
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2025 and were signed on its behalf by
Mr C Silverton Director Company Registration No. 01215216
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D.I. Silverton Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
D.I. Silverton Limited is a private company, limited by shares, registered in England and Wales, registration number 01215216. The registered office is Byron Street Mills, Millwright Street, Leeds, LS2 7QG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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D.I. Silverton Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
21,595
62,303
83,898
At 31 March 2025
21,595
62,303
83,898
Depreciation
At 1 April 2024
-
56,048
56,048
Charge for the year
-
1,571
1,571
At 31 March 2025
-
57,619
57,619
Net book value
At 31 March 2025
21,595
4,684
26,279
At 31 March 2024
21,595
6,255
27,850
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
63,921
49,513
Accrued income and prepayments
346
346
64,267
49,859
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
8,379
9,200
Trade creditors
84,328
72,543
Taxes and social security
69,918
37,804
Other creditors
88,025
118,985
250,650
238,532
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
12,540
Other creditors
15,000
-
15,000
12,540
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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