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REGISTERED NUMBER: 07945905 (England and Wales)

















Unaudited Financial Statements for the Year Ended 28 February 2022

for

Slugger Distribution Ltd

Slugger Distribution Ltd (Registered number: 07945905)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Slugger Distribution Ltd

Company Information
for the Year Ended 28 February 2022







DIRECTORS: Mr M Kennelly
Mr N Slater





REGISTERED OFFICE: Unit 11 Devonshire Business Park
Eldon Street
Sheffield
S1 4GT





REGISTERED NUMBER: 07945905 (England and Wales)





ACCOUNTANTS: SMH Andertons Liversidge Ltd
12-14 Percy Street
Rotherham
South Yorkshire
S65 1ED

Slugger Distribution Ltd (Registered number: 07945905)

Balance Sheet
28 February 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,330 1,711
2,330 1,711

CURRENT ASSETS
Stocks 190,000 250,000
Debtors 6 15,656 70,585
Cash at bank and in hand 9,384 11,196
215,040 331,781
CREDITORS
Amounts falling due within one year 7 (176,076 ) (276,583 )
NET CURRENT ASSETS 38,964 55,198
TOTAL ASSETS LESS CURRENT LIABILITIES 41,294 56,909

CREDITORS
Amounts falling due after more than one year 8 (33,333 ) (43,695 )
NET ASSETS 7,961 13,214

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 7,959 13,212
SHAREHOLDERS' FUNDS 7,961 13,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Slugger Distribution Ltd (Registered number: 07945905)

Balance Sheet - continued
28 February 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





Mr N Slater - Director


Slugger Distribution Ltd (Registered number: 07945905)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Slugger Distribution Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Slugger Distribution Ltd (Registered number: 07945905)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2021
and 28 February 2022 50,000
AMORTISATION
At 1 March 2021
and 28 February 2022 50,000
NET BOOK VALUE
At 28 February 2022 -
At 28 February 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021 9,011
Additions 1,200
At 28 February 2022 10,211
DEPRECIATION
At 1 March 2021 7,300
Charge for year 581
At 28 February 2022 7,881
NET BOOK VALUE
At 28 February 2022 2,330
At 28 February 2021 1,711

Slugger Distribution Ltd (Registered number: 07945905)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 11,791 17,310
Other debtors 3,865 53,275
15,656 70,585

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 39,273 39,038
Trade creditors 6,643 82,159
Taxation and social security 9,119 3,354
Other creditors 121,041 152,032
176,076 276,583

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 33,333 43,695

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,528

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary 1 2 2

10. RELATED PARTY DISCLOSURES

During the year the company traded, on normal commercial terms, with a company with common shareholding, Slug Art Ltd, as follows:

Sold goods and services, valued at £1,440 (2021 - £3,710).

At the year end Slugger Distribution Ltd owed £80,000 to Slug Art Ltd (2021 - £100,000).