Registered number
13374106
Slope Spaces Limited
Unaudited Filleted Accounts For The Period Ended
31 March 2023
Slope Spaces Limited
Registered number: 13374106
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,283 1,343
2,283 1,343
Current assets
Stocks - 3,000
Debtors 4 8,524 6,033
Cash at bank and in hand 4,591 4,971
13,115 14,004
Creditors: amounts falling due within one year 5 (7,879) (20,334)
Net current assets/(liabilities) 5,236 (6,330)
Total assets less current liabilities 7,519 (4,987)
Net assets/(liabilities) 7,519 (4,987)
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,518 (4,988)
Shareholders' funds 7,519 (4,987)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A E Gabel
Director
Approved by the board on 13 October 2023
Slope Spaces Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% stright line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
(including directors)
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 April 2022 1,791 1,791
Additions 1,850 1,850
At 31 March 2023 3,641 3,641
Depreciation
At 1 April 2022 448 448
Charge for the year 910 910
At 31 March 2023 1,358 1,358
Net book value
At 31 March 2023 2,283 2,283
At 31 March 2022 1,343 1,343
4 Debtors 2023 2022
£ £
Trade debtors 8,418 5,576
Other debtors 106 457
8,524 6,033
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 6,172
Taxation and social security costs 3,356 2,059
Other creditors 4,523 12,103
7,879 20,334
6 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A E Gabel
(184) (9,842) 6,983 (3,043)
P D Gabel (resigned on 11 August 2022)
(10,000) (4,000) 14,000 -
(10,184) (13,842) 20,983 (3,043)
7 Other information
Slope Spaces Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Office 0.02
Baltimore House
Baltic Business Quarter
Gateshead
NE8 3DF
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