Company Registration No. 08965712 (England and Wales)
SLP Interiors Limited
Unaudited accounts
for the year ended 31 March 2022
SLP Interiors Limited
Unaudited accounts
Contents
SLP Interiors Limited
Statement of financial position
as at 31 March 2022
Tangible assets
42,985
67,048
Inventories
53,792
231,174
Cash at bank and in hand
1,128,101
853,502
Creditors: amounts falling due within one year
(89,655)
(140,989)
Net current assets
1,302,474
1,083,023
Net assets
1,388,540
1,193,152
Called up share capital
1
1
Profit and loss account
1,388,539
1,193,151
Shareholders' funds
1,388,540
1,193,152
For the year ending 31 March 2022 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 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 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 and authorised for issue on 9 August 2022 and were signed on its behalf by
S Pennington
Director
Company Registration No. 08965712
SLP Interiors Limited
Notes to the Accounts
for the year ended 31 March 2022
SLP Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 08965712. The registered office is The Taxi Lodge Stockwood Vale, Keynsham, Bristol, BS31 2AL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing balance method
Motor vehicles
25% Reducing balance method
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete.
Investments in gold are included at fair value.
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.
SLP Interiors Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2021
8,510
79,223
2,165
3,201
93,099
Additions
1,664
-
-
2,946
4,610
Disposals
-
(15,850)
-
(666)
(16,516)
At 31 March 2022
10,174
63,373
2,165
5,481
81,193
At 1 April 2021
3,317
21,542
699
493
26,051
Charge for the year
1,607
13,182
202
708
15,699
On disposals
-
(3,467)
-
(75)
(3,542)
At 31 March 2022
4,924
31,257
901
1,126
38,208
At 31 March 2022
5,250
32,116
1,264
4,355
42,985
At 31 March 2021
5,193
57,681
1,466
2,708
67,048
5
Investments
Other investments
Valuation at 1 April 2021
43,081
Valuation at 31 March 2022
43,081
Investments comprise cryptocurrencies purchased by the company as an investment shown at cost. After the year end the investment fell in value and was sold resulting in a loss of £35,411.
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
25,093
56,364
Accrued income and prepayments
983
1,259
Other debtors
176,258
81,713
Debtors: amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
3,510
30,464
Taxes and social security
77,090
105,162
Other creditors
1,711
1,044
SLP Interiors Limited
Notes to the Accounts
for the year ended 31 March 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan advance 1
61,713
-
37,400
24,313
Loan advance 2
-
125,000
1,524
123,476
61,713
125,000
38,924
147,789
Other debtors includes £147,789 (2021 - £61,713) owed by S Pennington, director. Interest is charged at the beneficial loan rate and there are no fixed terms for repayment.
9
Average number of employees
During the year the average number of employees was 3 (2021: 3).