REGISTERED NUMBER: 07160695 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

SILVERADO RETAIL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Bird

Mrs J Bird

REGISTERED OFFICE:

31 Bond Street

Brighton

BN1 1RD

REGISTERED NUMBER:

07160695 (England and Wales)

ACCOUNTANTS:

bk plus Limited

Chartered Certified Accountants

44 Grand Parade

Brighton

East Sussex

BN2 9QA

FIXED ASSETS

Intangible assets

4

109,910

131,892

Tangible assets

5

15,994

21,745

125,904

153,637

CURRENT ASSETS

Stocks

170,599

179,356

Debtors

6

28,682

28,599

Cash at bank and in hand

132,325

126,564

331,606

334,519

CREDITORS

Amounts falling due within one year

7

(274,265

)

(302,135

)

NET CURRENT ASSETS

57,341

32,384

TOTAL ASSETS LESS CURRENT LIABILITIES

183,245

186,021

PROVISIONS FOR LIABILITIES

(3,832

)

(5,234

)

NET ASSETS

179,413

180,787

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

179,411

180,785

SHAREHOLDERS' FUNDS

179,413

180,787

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

A Bird - Director

1.	STATUTORY INFORMATION

Silverado Retail 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 consideration, received or receivable, for goods and services provided in the ordinary course of the company's activities.

Turnover excludes discounts, rebates and is shown net of value added tax and other sales taxes.

For goods sold in shop, revenue is recognised at time of sale.

For goods sold online, revenue is recognised at time of order.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

This period being the director's estimate of the useful economic life of the purchased goodwill.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

For products purchased for resale the goods are valued at the lower of the cost and net realisable value, after making due allowances for obsolete and slow moving stock.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Operating lease rental incentives are spread over the shorter of the lease term and the period until the next rent review.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

439,641

AMORTISATION

At 1 August 2024

307,749

Charge for year

21,982

At 31 July 2025

329,731

NET BOOK VALUE

At 31 July 2025

109,910

At 31 July 2024

131,892

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

120,400

Additions

274

At 31 July 2025

120,674

DEPRECIATION

At 1 August 2024

98,655

Charge for year

6,025

At 31 July 2025

104,680

NET BOOK VALUE

At 31 July 2025

15,994

At 31 July 2024

21,745

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

28,682

28,599

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

11,016

Taxation and social security

37,444

31,275

Other creditors

236,821

259,844

274,265

302,135

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors £218,932 (2024: £244,165)

Interest is charged at 10% and the loan is repayable on demand.