General Information
Simper's Silver Harvest LLP is a limited liability partnership, registered in England and Wales, registration number OC407361, registration address Burrell Lodge, Longlands, Saltash, Cornwall, PL124QH.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The Proprietors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25 Reducing Balance
|
| Motor Vehicles |
25 Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
265,178 |
|
- |
|
265,178 |
| Additions |
486,089 |
|
39,360 |
|
525,449 |
| Disposals |
(88,041) |
|
- |
|
(88,041) |
| At 31 March 2025 |
663,226 |
|
39,360 |
|
702,586 |
| Depreciation |
| At 01 April 2024 |
20,802 |
|
- |
|
20,802 |
| Charge for year |
8,121 |
|
12,420 |
|
20,541 |
| On disposals |
(17,608) |
|
- |
|
(17,608) |
| At 31 March 2025 |
11,315 |
|
12,420 |
|
23,735 |
| Net book values |
| Closing balance as at 31 March 2025 |
651,911 |
|
26,940 |
|
678,851 |
| Opening balance as at 01 April 2024 |
244,377 |
|
- |
|
244,377 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Work in Progress |
10,000 |
|
10,000 |
|
10,000 |
|
10,000 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
- |
|
254 |
| Other Debtors |
3,990 |
|
- |
| VAT |
2,179 |
|
- |
|
6,169 |
|
254 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
9,078 |
|
16,396 |
| Bank Loans & Overdrafts (Secured) |
5,769 |
|
- |
| PAYE & Social Security |
2,389 |
|
- |
| Accrued Expenses |
1,004 |
|
950 |
| Other Creditors |
81,880 |
|
704,408 |
| Obligations under HP/Financial Leases |
14,295 |
|
- |
| VAT |
- |
|
847 |
|
114,415 |
|
722,601 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts (secured) |
961 |
|
- |
| Other Creditors |
- |
|
36,964 |
| Obligations Under HP/Financial Leases |
10,436 |
|
- |
|
11,397 |
|
36,964 |
|
2
|
