Registration number: 13464440

Silvester & Sons Ltd

Contents

Company Information	1
Balance Sheet and Notes to the Unaudited Financial Statements	2

Silvester & Sons Ltd

Company Information

Directors

A Silvester C A Brennan

Registered office

Unit 1 Banborough Court Bolingbroke Road Louth Lincolnshire United Kingdom LN11 0WE

Silvester & Sons Ltd

(Registration number: 13464440)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	3,156	1,096
Tangible assets	5	508,326	431,792
		511,482	432,888
Current assets
Debtors	6	79,220	132,013
Cash at bank and in hand		-	1,551
		79,220	133,564
Creditors: Amounts falling due within one year	7	(312,455)	(228,131)
Net current liabilities		(233,235)	(94,567)
Total assets less current liabilities		278,247	338,321
Creditors: Amounts falling due after more than one year	7	(150,745)	(106,697)
Provisions for liabilities		(55,632)	(71,861)
Net assets		71,870	159,763
Capital and reserves
Called up share capital	9	2	2
Retained earnings		71,868	159,761
Shareholders' funds		71,870	159,763

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 May 2026 and signed on its behalf by:
 

......................................... A Silvester Director

Silvester & Sons Ltd

Notes to the Financial Statements for the Year Ended 31 August 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 13464440.

The address of its registered office is:
Unit 1
Banborough Court
Bolingbroke Road
Louth
Lincolnshire
LN11 0WE
United Kingdom

These financial statements were authorised for issue by the Board on 29 May 2026.

These financial statements cover the individual entity, Silvester & Sons Ltd.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 including Section 1A - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Silvester & Sons Ltd

Notes to the Financial Statements for the Year Ended 31 August 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Office equipment	33% straight line
Motor vehicles	15% reducing balance
Long leasehold improvements	10 year straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Computer software	3 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Silvester & Sons Ltd

Notes to the Financial Statements for the Year Ended 31 August 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 6 (2024 - 4).

Silvester & Sons Ltd

Notes to the Financial Statements for the Year Ended 31 August 2025

4	Intangible assets

	Computer software  £	Total £
Cost or valuation
At 1 September 2024	1,430	1,430
Additions acquired separately	4,710	4,710
Disposals	(1,430)	(1,430)
At 31 August 2025	4,710	4,710
Amortisation
At 1 September 2024	334	334
Amortisation charge	1,554	1,554
Amortisation eliminated on disposals	(334)	(334)
At 31 August 2025	1,554	1,554
Carrying amount
At 31 August 2025	3,156	3,156
At 31 August 2024	1,096	1,096

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	6,541	366,036	156,045	528,622
Additions	-	150,001	624	150,625
At 31 August 2025	6,541	516,037	156,669	679,247
Depreciation
At 1 September 2024	539	75,947	20,344	96,830
Charge for the year	654	53,012	20,425	74,091
At 31 August 2025	1,193	128,959	40,769	170,921
Carrying amount
At 31 August 2025	5,348	387,078	115,900	508,326
At 31 August 2024	6,002	290,089	135,701	431,792

Silvester & Sons Ltd

Notes to the Financial Statements for the Year Ended 31 August 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	9,526	58,443
Prepayments and accrued income	4,011	3,566
Other debtors	65,683	70,004
	79,220	132,013

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	8	5,093	-
Trade creditors		117,179	47,884
Taxation and social security		6,073	-
Accruals and deferred income		4,069	1,800
Other creditors		180,041	178,447
		312,455	228,131

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	150,745	106,697

8	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Hire purchase contracts	150,745	106,697

HP and finance lease liabilites totalling £150,745 (2024: £106,697) are secured against the assets acquired.

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	5,093	-
Hire purchase contracts	59,452	54,862
Other borrowings	95,589	123,585
	160,134	178,447

HP and finance lease liabilities totalling £59,452 (2024: 54,861) are secured against the assets acquired.

Silvester & Sons Ltd

Notes to the Financial Statements for the Year Ended 31 August 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2