Silver Crest Models Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07425348

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		117,264		101,290
Tangible Assets	5		242,217		246,855

			359,481		348,145
CURRENT ASSETS
Stocks	6	112,000		88,892
Debtors	7	1,224,739		1,198,925
Cash at bank and in hand		12,259		1,995

		1,348,998		1,289,812
Creditors: Amounts Falling Due Within One Year	8	(1,838,146 )		(1,735,287 )

NET CURRENT ASSETS (LIABILITIES)			(489,148 )		(445,475 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(129,667 )		(97,330 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(1,779 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,091 )		(2,091 )

NET LIABILITIES			(131,758 )		(101,200 )

CAPITAL AND RESERVES
Called up share capital	10		146,100		146,100
Profit and Loss Account			(277,858 )		(247,300 )

SHAREHOLDERS' FUNDS			(131,758)		(101,200)

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Silver Crest Models Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J SPALDING

Director

25 August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Silver Crest Models Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07425348 . The registered office is Old Dairy Farm Centre, Main Street Upper Stowe, Northampton, NN7 4SH.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover 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.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

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:

Fixtures & Fittings	20% reducing balance
Computer Equipment	20% reducing balance

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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Silver Crest Models Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 December 2024	167,092
Additions	15,974

As at 30 November 2025	183,066

Amortisation
As at 1 December 2024	65,802

As at 30 November 2025	65,802

Net Book Value
As at 30 November 2025	117,264

As at 1 December 2024	101,290

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 December 2024	7,995	30,166	236,763	274,924
Disposals	(3,275 )	-	-	(3,275 )

As at 30 November 2025	4,720	30,166	236,763	271,649

Depreciation
As at 1 December 2024	4,720	23,349	-	28,069
Provided during the period	-	1,363	-	1,363

As at 30 November 2025	4,720	24,712	-	29,432

Net Book Value
As at 30 November 2025	-	5,454	236,763	242,217

As at 1 December 2024	3,275	6,817	236,763	246,855

6. Stocks

	2025	2024
	£	£
Stock	112,000	88,892

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	26,903	27,413
Other debtors	1,197,836	1,171,512

	1,224,739	1,198,925

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Silver Crest Models Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,515	83,467
Bank loans and overdrafts	2,286	15,609
Other creditors	1,740,514	1,584,896
Taxation and social security	86,831	51,315

	1,838,146	1,735,287

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

	2025	2024
	£	£
Bank loans	-	1,779

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	146,100	146,100

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