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Company Registration No. 02865670 (England and Wales)
Silver Spirits Limited Unaudited accounts for the year ended 31 December 2025
Silver Spirits Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Silver Spirits Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
4,639
5,737
Current assets
Inventories
41,279
43,772
Debtors
6
24,920
14,408
Cash at bank and in hand
13,090
11,766
79,289
69,946
Creditors: amounts falling due within one year
7
(206,317)
(200,440)
Net current liabilities
(127,028)
(130,494)
Net liabilities
(122,389)
(124,757)
Capital and reserves
Called up share capital
8
5,000
5,000
Profit and loss account
(127,389)
(129,757)
Shareholders' funds
(122,389)
(124,757)
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2026 and were signed on its behalf by
C. Turner Director Company Registration No. 02865670
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Silver Spirits Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Silver Spirits Limited is a private company, limited by shares, registered in England and Wales, registration number 02865670. The registered office is 38 Church Street, Billesdon, Leicester, Leicestershire, LE7 9AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Intangible fixed assets
Intangible fixed assets (including Website) are included at cost less accumulated amortisation. The website is being amortised over 5 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost of leasehold improvements
Plant & machinery
15%/20% on net book value/33.3% on cost
Motor vehicles
25% on net book value
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Silver Spirits Limited Notes to the Accounts for the year ended 31 December 2025
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Grants
Grants in relation expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2025
3,630
At 31 December 2025
3,630
Amortisation
At 1 January 2025
3,630
At 31 December 2025
3,630
Net book value
At 31 December 2025
-
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
390
116,490
8,508
125,388
At 31 December 2025
390
116,490
8,508
125,388
Depreciation
At 1 January 2025
390
110,860
8,401
119,651
Charge for the year
-
1,071
27
1,098
At 31 December 2025
390
111,931
8,428
120,749
Net book value
At 31 December 2025
-
4,559
80
4,639
At 31 December 2024
-
5,630
107
5,737
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Silver Spirits Limited Notes to the Accounts for the year ended 31 December 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
20,608
12,048
Accrued income and prepayments
4,312
2,360
24,920
14,408
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
109,699
99,193
Trade creditors
5,649
9,647
Taxes and social security
17,478
13,828
Other creditors
71,981
76,162
Accruals
1,510
1,610
206,317
200,440
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2,500 Ordinary A shares of £1 each
2,500
2,500
2,500 Ordinary B shares of £1 each
2,500
2,500
5,000
5,000
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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