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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
Page
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SLP Interiors Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,985 
67,048 
Investments
43,081 
43,081 
86,066 
110,129 
Current assets
Inventories
53,792 
231,174 
Debtors
210,236 
139,336 
Cash at bank and in hand
1,128,101 
853,502 
1,392,129 
1,224,012 
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 
Capital and reserves
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
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SLP Interiors Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
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.
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.
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
Leased assets
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete.
Investments
Investments in gold are included at fair value.
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.
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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 
Depreciation
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 
Net book value
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 
202,334 
139,336 
Debtors: amounts falling due after more than one year
Other debtors
7,902 
- 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
5,577 
1,469 
Trade creditors
3,510 
30,464 
Taxes and social security
77,090 
105,162 
Other creditors
1,711 
1,044 
Accruals
1,767 
2,850 
89,655 
140,989 
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SLP Interiors Limited Notes to the Accounts for the year ended 31 March 2022
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S Pennington
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).
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