Silverwood Enterprise Limited

	Page
Company Information	1
Strategic Report	2
Directors' Report	3—4
Independent Auditor's Report	5—7
Profit and Loss Account	8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Statement of Cash Flows	12
Notes to the Statement of Cash Flows	13
Notes to the Financial Statements	14—19

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Strategic Report

For The Year Ended 31 August 2025

Strategic Report

The directors present their strategic report for the year ended 31 August 2025.

Review of the Business

Silverwood Enterprise Limited's principal activities during the year was galvanising steel. The key financial and other performance indicators during the year were as follows:

	2025	2024
Turnover	10,237,563	11,088,288
GP %	38.24%	46.89%
NP %	8.27%	7.18%
Current Ratio	3.43 : 1	2.52 : 1

Despite the decrease in GP% and turnover the year, and the business continues to grow at a steady pace and targets are frequently attained. The directors are satisfied that the business will continue to perform well in the future.

Principal Risks and Uncertainties

There are certain risk factors which could affect the company's future and cause them to materially differ from expected results. The factors considered should not be regarded as a complete and comprehensive statement of all risks and uncertainties.

Price risk

The company is exposed to price pressure through competition in the market, this risk could result in loss of revenue. The company actively manages the risk by providing quality products and services to its customers.The company has the biggest bath in Northern Ireland meaning it can galvanise large quantities of product, therefore maintaining good status with customers.

Credit risk

The company provides credit to customers and as a result there is an associated risk that the customer may not be able to pay outstanding balances. The company has established procedures and credit control policies around managing its receivables and takes action were necessary. Any major outstanding and overdue balances are regularly reviewed with the directors.

Liquidity risk

The company manages financial risk by monitoring cashflow to ensure that the company is able to meet its foreseeable debts as they fall due.

Employees

Details of the number of employees and related costs can be found within the financial statement.

On behalf of the board

Mr Peter Maginnis

Director

25/05/2026

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Silverwood Enterprise Limited

Company No. NI051451

Directors' Report For The Year Ended 31 August 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 August 2025.

Principal Activity

The company's principal activity continues to be that of treatment and coating of metals.

Directors

The directors who held office during the year were as follows:

Mrs Heather Maginnis

Mr Peter Maginnis

Mr Alastair Maginnis

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Silverwood Enterprise Limited

Directors' Report (continued)

For The Year Ended 31 August 2025

Independent Auditors

The auditors, WHR Accountants Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Peter Maginnis

Director

25/05/2026

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Independent Auditor's Report

to the Members of

Silverwood Enterprise Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Silverwood Enterprise Limited for the year ended 31 August 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Silverwood Enterprise Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3—4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-the Company's own assessment of the risk that irregularities may occur either as a result of fraud or error;

-the results of our enquiries of management about their own identification and assessment of the risks of irregularities;

-any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

-the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

In addition to the above, our procedures to respond to risks identified included the following:

-reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-enquiring of management, directors concerning actual and potential litigation and claims;

-performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-reading minutes of meeting of directors, reviewing internal audit reports and reviewing correspondence with HMRC; and

-in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;

-assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

-evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occuring due to fraud rather than error, as fraud involves intentional concealment,forgery,collusion,omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

Silverwood Enterprise Limited

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Robinson FCCA (Senior Statutory Auditor)

for and on behalf of WHR Accountants Ltd , Statutory Auditor

25/05/2026

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Silverwood Enterprise Limited

Profit and Loss Account

For The Year Ended 31 August 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	10,237,562	11,088,287
Cost of sales		(6,323,049 )	(5,888,520 )

GROSS PROFIT		3,914,513	5,199,767

Distribution costs		(176,289 )	(224,228 )
Administrative expenses		(3,074,824 )	(4,378,644 )

OPERATING PROFIT	4	663,400	596,895
Profit on disposal of fixed assets		-	25,150
Other interest receivable and similar income	9	188,155	186,627
Interest payable and similar charges	10	(4,884 )	(12,004 )

PROFIT BEFORE TAXATION		846,671	796,668
Tax on Profit	11	(214,278 )	(201,886 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		632,393	594,782

The notes on pages 13 to 19 form part of these financial statements.

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Silverwood Enterprise Limited

Statement of Comprehensive Income

For The Year Ended 31 August 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	632,393	594,782
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	632,393	594,782

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Silverwood Enterprise Limited

Balance Sheet

As At 31 August 2025

Balance Sheet

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		1,384,196		1,134,625

			1,384,196		1,134,625
CURRENT ASSETS
Stocks	13	126,349		152,344
Debtors	14	3,125,991		3,276,015
Cash at bank and in hand		6,201,592		7,033,816

		9,453,932		10,462,175
Creditors: Amounts Falling Due Within One Year	15	(2,754,460 )		(4,151,133 )

NET CURRENT ASSETS (LIABILITIES)			6,699,472		6,311,042

TOTAL ASSETS LESS CURRENT LIABILITIES			8,083,668		7,445,667

Creditors: Amounts Falling Due After More Than One Year	16		-		(60,770 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	18		(231,295 )		(164,917 )

NET ASSETS			7,852,373		7,219,980

CAPITAL AND RESERVES
Called up share capital	20		4,000		4,000
Capital redemption reserve			16,000		16,000
Profit and Loss Account			7,832,373		7,199,980

SHAREHOLDERS' FUNDS			7,852,373		7,219,980

On behalf of the board

Mr Peter Maginnis

Director

25/05/2026

The notes on pages 13 to 19 form part of these financial statements.

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Silverwood Enterprise Limited

Statement of Changes in Equity

For The Year Ended 31 August 2025

Statement of Changes in Equity

	Share Capital	Capital Redemption	Profit and Loss Account	Total
	£	£	£	£
As at 1 September 2023	4,000	16,000	6,605,198	6,625,198
Profit for the year and total comprehensive income	-	-	594,782	594,782

As at 31 August 2024 and 1 September 2024	4,000	16,000	7,199,980	7,219,980


Profit for the year and total comprehensive income	-	-	632,393	632,393

As at 31 August 2025	4,000	16,000	7,832,373	7,852,373

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Silverwood Enterprise Limited

Statement of Cash Flows

For The Year Ended 31 August 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash (used in)/generated from operations	1	(19,799 )	2,255,114
Interest paid		(4,884 )	(12,004 )
Tax paid		(120,004 )	(408,115 )

Net cash (used in)/generated from operating activities		(144,687 )	1,834,995

Cash flows from investing activities
Purchase of tangible assets		(449,090 )	(235,349 )
Proceeds from disposal of tangible assets		-	63,416
Interest received		188,155	186,627

Net cash (used in)/generated from investing activities		(260,935 )	14,694

Cash flows from financing activities
Repayment of bank borrowings		(117,978 )	(113,408 )
Repayment of other loans		(63)	(405)
Repayment of finance leases		-	(514 )
Amount withdrawn by directors		(308,561)	(335,294)

Net cash used in financing activities		(426,602 )	(449,621 )



(Decrease)/increase in cash and cash equivalents		(832,224 )	1,400,068
Cash and cash equivalents at beginning of year	2	7,033,816	5,633,748

Cash and cash equivalents at end of year	2	6,201,592	7,033,816

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Silverwood Enterprise Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 August 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash (used in)/generated from operations

	2025	2024
	£	£
Profit for the financial year	632,393	594,782
Adjustments for:
Tax on profit	214,278	201,886
Interest expense	4,884	12,004
Interest income	(188,155 )	(186,627 )
Depreciation of tangible assets	199,520	210,748
Profit on disposal of tangible assets	-	(25,150)
Movements in working capital:
Decrease/(increase) in stocks	25,995	(27,620 )
Decrease/(increase) in trade and other debtors	150,024	(122,862 )
(Decrease)/increase in trade and other creditors	(1,058,738 )	1,597,953

Net cash (used in)/generated from operations	(19,799 )	2,255,114

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	6,201,592	7,033,816

3. Analysis of changes in net funds

	As at 1 September 2024	Cash flows	As at 31 August 2025
	£	£	£
Cash at bank and in hand	7,033,816	(832,224)	6,201,592
Debts falling due within one year	(118,041 )	57,271	(60,770 )
Debts falling due after more than one year	(60,770)	60,770	-

	6,855,005	(714,183)	6,140,822

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Silverwood Enterprise Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Silverwood Enterprise Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI051451 . The registered office is 16 Silverwood Industrial, Lurgan, Co. Armagh, BT66 6LN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Significant judgements and estimations

In preparing these financial statements, management is required to make judgements, estimates and assumptions that affect the application of the Company’s accounting policies and the reported amounts of assets, liabilities, income and expenses, as required by FRS 102. These judgements and estimates are based on historical experience and other factors considered reasonable in the circumstances, and the resulting accounting estimates may differ from actual outcomes.

Management has not identified any critical judgements, apart from those involving estimation, that have had a significant effect on the amounts recognised in the financial statements.

Areas involving a higher degree of estimation uncertainty are those where assumptions or measurement techniques may materially affect the carrying amounts of assets and liabilities within the next financial year. Where such judgements or estimates have been applied, the key factors considered and the basis of the underlying assumptions are set out in the relevant accounting policies and the corresponding notes to these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	4% reducing balance / not depreciated
Leasehold	Not depreciated
Plant & Machinery	18% straight line
Motor Vehicles	25% reducing balance / 12.5% straight line
Fixtures & Fittings	15% straight line

2.5. Stocks and Work in Progress

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 stocks.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Silverwood Enterprise Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Turnover

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	4,855,193	4,705,122
Europe	5,382,369	6,383,165

	10,237,562	11,088,287

4. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	14,153	20,700
Depreciation of tangible fixed assets	199,520	210,748

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	10,506	5,820

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Silverwood Enterprise Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	3,747,324	5,010,523
Other pension costs	66,591	61,484

	3,813,915	5,072,007

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	19	18
Production	36	34

	55	52

8. Directors' remuneration

	2025	2024
	£	£
Emoluments	1,574,632	3,084,765
Company contributions to money purchase pension schemes	27,773	27,466

	1,602,405	3,112,231

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	786,797	1,542,247
Company contributions to defined benefit pension schemes	12,000	12,000

	798,797	1,554,247

9. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	172,005	169,996
Other interest	16,150	16,631

	188,155	186,627

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Interest payable on other loans	4,884	12,004

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Silverwood Enterprise Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

11. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	147,901	185,199
Deferred Tax
Deferred taxation			66,377	16,687


Total tax charge for the period			214,278	201,886


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			846,671	796,668

Tax on profit at 25% (UK standard rate)			211,668	199,167
Goodwill/depreciation not allowed for tax			49,880	46,400
Capital allowances			(113,647 )	(60,368 )
Short term timing differences			66,377	16,687

Total tax charge for the period			214,278	201,886

12. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 September 2024	810,795	2,274,443	710,057	204,960	4,000,255
Additions	-	444,012	-	5,078	449,090

As at 31 August 2025	810,795	2,718,455	710,057	210,038	4,449,345

Depreciation
As at 1 September 2024	408,122	1,741,782	543,785	171,941	2,865,630
Provided during the period	10,441	132,316	50,578	6,184	199,519

As at 31 August 2025	418,563	1,874,098	594,363	178,125	3,065,149

Net Book Value
As at 31 August 2025	392,232	844,357	115,694	31,913	1,384,196

As at 1 September 2024	402,673	532,661	166,272	33,019	1,134,625

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Silverwood Enterprise Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	-	10,636

13. Stocks

	2025	2024
	£	£
Raw Materials	126,349	152,344

14. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,920,098	2,040,878
Prepayments and accrued income	216,780	152,464
Other debtors	941,014	1,011,196
Staff Loans	3,398	3,983
VAT	44,701	67,494

	3,125,991	3,276,015

15. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	669,921	488,158
Bank loans and overdrafts	60,770	117,978
Other loans	-	63
Corporation tax	55,301	27,404
Other taxes and social security	73,960	66,312
Net wages	19,199	18,807
Pension contributions	2,419	2,273
Accruals and deferred income	1,870,184	3,118,871
Directors' loan accounts	2,706	311,267

	2,754,460	4,151,133

16. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	60,770

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Silverwood Enterprise Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

17. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	60,770	117,978
Other loans	-	63

	60,770	118,041

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	-	60,770

18. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	231,295	164,917

19. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 September 2024	164,917	164,917
Additions	66,378	66,378

Balance at 31 August 2025	231,295	231,295

20. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
4,000 Ordinary Shares of £ 1.00 each	4,000	4,000

21. Related Party Disclosures

Included within creditors is a loan from a director of £329 (2024: £197,018) and a loan from another director of £2,377 (2024:£114,248). There are no set repayment terms and no interest is chargeable.

Included within trade debtors was a balance due from Sprint Coatings Ltd, a company with a common director, of £37,920 and trade creditor of £2,260.

There was also a loan receivable from CCKM Ltd, a company with a common director for £524,550. Interest is set at a rate of 1% p.a and the total interest received during the year was £5,508.

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