IRIS Accounts Production v25.4.0.155 10180523 Board of Directors 1.6.24 31.5.25 31.5.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10180523 2024-05-31 10180523 2025-05-31 10180523 2024-06-01 2025-05-31 10180523 2023-05-31 10180523 2023-06-01 2024-05-31 10180523 2024-05-31 10180523 ns15:EnglandWales 2024-06-01 2025-05-31 10180523 ns14:PoundSterling 2024-06-01 2025-05-31 10180523 ns10:Director1 2024-06-01 2025-05-31 10180523 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10180523 ns10:SmallEntities 2024-06-01 2025-05-31 10180523 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 10180523 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 10180523 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 10180523 ns10:FullAccounts 2024-06-01 2025-05-31 10180523 ns10:OrdinaryShareClass1 2024-06-01 2025-05-31 10180523 ns10:Director2 2024-06-01 2025-05-31 10180523 ns10:CompanySecretary1 2024-06-01 2025-05-31 10180523 ns10:RegisteredOffice 2024-06-01 2025-05-31 10180523 ns5:CurrentFinancialInstruments 2025-05-31 10180523 ns5:CurrentFinancialInstruments 2024-05-31 10180523 ns5:Non-currentFinancialInstruments 2025-05-31 10180523 ns5:Non-currentFinancialInstruments 2024-05-31 10180523 ns5:ShareCapital 2025-05-31 10180523 ns5:ShareCapital 2024-05-31 10180523 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 10180523 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 10180523 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-06-01 2025-05-31 10180523 ns5:LeaseholdImprovements 2024-06-01 2025-05-31 10180523 ns5:PlantMachinery 2024-06-01 2025-05-31 10180523 ns5:FurnitureFittings 2024-06-01 2025-05-31 10180523 ns5:MotorVehicles 2024-06-01 2025-05-31 10180523 ns5:ComputerEquipment 2024-06-01 2025-05-31 10180523 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-05-31 10180523 ns5:LeaseholdImprovements 2024-05-31 10180523 ns5:PlantMachinery 2024-05-31 10180523 ns5:LandBuildings ns5:ShortLeaseholdAssets 2025-05-31 10180523 ns5:LeaseholdImprovements 2025-05-31 10180523 ns5:PlantMachinery 2025-05-31 10180523 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-05-31 10180523 ns5:LeaseholdImprovements 2024-05-31 10180523 ns5:PlantMachinery 2024-05-31 10180523 ns5:FurnitureFittings 2024-05-31 10180523 ns5:MotorVehicles 2024-05-31 10180523 ns5:ComputerEquipment 2024-05-31 10180523 ns5:FurnitureFittings 2025-05-31 10180523 ns5:MotorVehicles 2025-05-31 10180523 ns5:ComputerEquipment 2025-05-31 10180523 ns5:FurnitureFittings 2024-05-31 10180523 ns5:MotorVehicles 2024-05-31 10180523 ns5:ComputerEquipment 2024-05-31 10180523 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 10180523 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 10180523 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-05-31 10180523 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-05-31 10180523 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-05-31 10180523 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-05-31 10180523 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-05-31 10180523 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-05-31 10180523 ns5:HirePurchaseContracts 2025-05-31 10180523 ns5:HirePurchaseContracts 2024-05-31 10180523 ns5:WithinOneYear 2025-05-31 10180523 ns5:WithinOneYear 2024-05-31 10180523 ns5:BetweenOneFiveYears 2025-05-31 10180523 ns5:BetweenOneFiveYears 2024-05-31 10180523 ns5:MoreThanFiveYears 2025-05-31 10180523 ns5:MoreThanFiveYears 2024-05-31 10180523 ns5:AllPeriods 2025-05-31 10180523 ns5:AllPeriods 2024-05-31 10180523 ns5:Secured 2025-05-31 10180523 ns5:Secured 2024-05-31 10180523 ns5:DeferredTaxation 2024-05-31 10180523 ns5:DeferredTaxation 2024-06-01 2025-05-31 10180523 ns5:DeferredTaxation 2025-05-31 10180523 ns10:OrdinaryShareClass1 2025-05-31

REGISTERED NUMBER: 10180523 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

SILVERSTONE COMPOSITES LIMITED

SILVERSTONE COMPOSITES LIMITED (REGISTERED NUMBER: 10180523) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 May 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SILVERSTONE COMPOSITES LIMITED |

COMPANY INFORMATION

For The Year Ended 31 May 2025

| DIRECTORS: | G Trofimov

| M Trofimov

| SECRETARY: | G Trofimov

| REGISTERED OFFICE: | Unit 1 - 3 Silverstone Park

| Silverstone

| Towcester

| Northamptonshire

| NN12 8GX

| REGISTERED NUMBER: | 10180523 (England and Wales)

| ACCOUNTANTS: | TC Group

| Baird House

| Seebeck Place

| Knowlhill

| Milton Keynes

| Buckinghamshire

| MK5 8FR

SILVERSTONE COMPOSITES LIMITED (REGISTERED NUMBER: 10180523) |

BALANCE SHEET

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 681,785 |  | 362,679 |  |

CURRENT ASSETS

Stocks | 5 | 104,599 |  | 114,944 |  |

Debtors | 6 | 637,902 |  | 658,802 |  |

Cash at bank and in hand | 550,672 |  | 600,486 |  |

1,293,173 |  | 1,374,232 |  |

CREDITORS

Amounts falling due within one year | 7 | 521,944 |  | 271,758 |  |

NET CURRENT ASSETS | 771,229 |  | 1,102,474 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,453,014 |  | 1,465,153 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (79,051 | ) | (150,179 | ) |

PROVISIONS FOR LIABILITIES | 12 | (150,938 | ) | (74,196 | ) |

NET ASSETS | 1,223,025 |  | 1,240,778 |  |

CAPITAL AND RESERVES

Called up share capital | 13 | 100 |  | 100 |  |

Retained earnings | 1,222,925 |  | 1,240,678 |  |

SHAREHOLDERS' FUNDS | 1,223,025 |  | 1,240,778 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

SILVERSTONE COMPOSITES LIMITED (REGISTERED NUMBER: 10180523) |

BALANCE SHEET - continued

31 May 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2026 and were signed on its behalf by:

G Trofimov - Director

SILVERSTONE COMPOSITES LIMITED (REGISTERED NUMBER: 10180523) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Silverstone Composites Limited 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.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| 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 includes revenue earned from the sale of goods and from the rendering of services.

| Revenue from sale of goods

| Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

| Revenue from rendering of services

| Revenue 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. Turnover is only recognised to the extent of

| recoverable expenses when the outcome of a contract cannot be estimated reliably.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Short leasehold | - | 10% on cost

| Improvements to property | - | 10% on cost

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

| allowance for obsolete and slow moving items.

| Taxation

| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

| Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

SILVERSTONE COMPOSITES LIMITED (REGISTERED NUMBER: 10180523) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Employee benefits

| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Grant income

| The performance model recognises income once specific performance conditions are met.

| Standard Performance:

| Grants are recognised in income when the performance-related conditions attached to the grant are met. Grants received before the performance-related conditions are satisfied are recognised as a liability.

| Unconditional Grants:

| Where a grant has no future performance-related conditions, it is recognised in income when the grant proceeds are received or receivable.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 18 (2024 - 17 ) .

SILVERSTONE COMPOSITES LIMITED (REGISTERED NUMBER: 10180523) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 May 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Short |  | to |  | Plant and

| leasehold |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 June 2024 | 8,402 |  | - |  | 459,817 |  |

| Additions | 15,697 |  | 245,008 |  | 135,474 |  |

| Disposals | - |  | - |  | - |  |

| At 31 May 2025 | 24,099 |  | 245,008 |  | 595,291 |  |

| DEPRECIATION

| At 1 June 2024 | 4,126 |  | - |  | 284,460 |  |

| Charge for year | 1,234 |  | 16,043 |  | 66,488 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 May 2025 | 5,360 |  | 16,043 |  | 350,948 |  |

| NET BOOK VALUE

| At 31 May 2025 | 18,739 |  | 228,965 |  | 244,343 |  |

| At 31 May 2024 | 4,276 |  | - |  | 175,357 |  |

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 June 2024 | 79,103 |  | 224,495 |  | 42,441 |  | 814,258 |  |

| Additions | 55,910 |  | - |  | 6,997 |  | 459,086 |  |

| Disposals | - |  | (11,345 | ) | - |  | (11,345 | ) |

| At 31 May 2025 | 135,013 |  | 213,150 |  | 49,438 |  | 1,261,999 |  |

| DEPRECIATION

| At 1 June 2024 | 53,757 |  | 80,990 |  | 28,246 |  | 451,579 |  |

| Charge for year | 12,280 |  | 34,680 |  | 4,469 |  | 135,194 |  |

| Eliminated on disposal | - |  | (6,559 | ) | - |  | (6,559 | ) |

| At 31 May 2025 | 66,037 |  | 109,111 |  | 32,715 |  | 580,214 |  |

| NET BOOK VALUE

| At 31 May 2025 | 68,976 |  | 104,039 |  | 16,723 |  | 681,785 |  |

| At 31 May 2024 | 25,346 |  | 143,505 |  | 14,195 |  | 362,679 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 83,837 |  | 89,011 |  |

| Work-in-progress | 20,762 |  | 25,933 |  |

104,599 |  | 114,944 |  |

SILVERSTONE COMPOSITES LIMITED (REGISTERED NUMBER: 10180523) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 May 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 160,698 |  | 270,984 |  |

| Other debtors | 477,204 |  | 387,818 |  |

637,902 |  | 658,802 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 9) | 42,400 |  | 42,400 |  |

| Hire purchase contracts (see note 10) | 76,742 |  | 34,290 |  |

| Trade creditors | 240,226 |  | 31,535 |  |

| Taxation and social security | 150,359 |  | 117,939 |  |

| Other creditors | 12,217 |  | 45,594 |  |

521,944 |  | 271,758 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 9) | - |  | 42,400 |  |

| Hire purchase contracts (see note 10) | 79,051 |  | 107,779 |  |

79,051 |  | 150,179 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 42,400 |  | 42,400 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | - |  | 42,400 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 76,742 |  | 34,290 |  |

| Between one and five years | 79,051 |  | 107,779 |  |

155,793 |  | 142,069 |  |

SILVERSTONE COMPOSITES LIMITED (REGISTERED NUMBER: 10180523) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 May 2025

10. | LEASING AGREEMENTS - continued

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 115,831 |  | 101,982 |  |

| Between one and five years | 463,326 |  | 130,402 |  |

| In more than five years | 661,149 |  | - |  |

1,240,306 |  | 232,384 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 42,400 |  | 84,800 |  |

| Hire purchase contracts | 155,793 |  | 142,069 |  |

198,193 |  | 226,869 |  |

| Bank loans and finance lease liabilities are secured against assets of the company.

12. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 150,938 |  | 74,196 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 74,196 |  |

| Charge to Income Statement during year | 76,742 |  |

| Balance at 31 May 2025 | 150,938 |  |

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |