Company registration number 09334686 (England and Wales)
SLABKO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
SLABKO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SLABKO LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Intangible assets
4
7,348
8,818
Tangible assets
5
1,904
2,612
Investments
6
9,142
9,142
18,394
20,572
Current assets
Cash at bank and in hand
37,037
66,806
Creditors: amounts falling due within one year
7
(52,020)
(44,777)
Net current (liabilities)/assets
(14,983)
22,029
Net assets
3,411
42,601
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
3,407
42,597
Total equity
3,411
42,601

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 3 November 2023 and are signed on its behalf by:
Mr A Slabinsky
Director
Company registration number 09334686 (England and Wales)
SLABKO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
Company information

Slabko Limited is a private company limited by shares incorporated in England and Wales. The registered office is North House, 198 High Street, Tonbridge, Kent, TN9 1BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
Over 10 years
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
Over 5 years
Computers
Over 3 years
SLABKO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Investments held as fixed assets are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company only has financial instruments which are classified as basic financial instruments.

 

Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

 

Bank loans are initially recorded at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.

1.8
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

SLABKO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
3
3
4
Intangible fixed assets
Other
£
Cost
At 1 January 2022 and 31 December 2022
14,697
Amortisation and impairment
At 1 January 2022
5,879
Amortisation charged for the year
1,470
At 31 December 2022
7,349
Carrying amount
At 31 December 2022
7,348
At 31 December 2021
8,818
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022
11,055
Additions
896
At 31 December 2022
11,951
Depreciation and impairment
At 1 January 2022
8,443
Depreciation charged in the year
1,604
At 31 December 2022
10,047
Carrying amount
At 31 December 2022
1,904
At 31 December 2021
2,612
SLABKO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 5 -
6
Fixed asset investments
2022
2021
£
£
Other investments other than loans
9,142
9,142
7
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
25,127
31,936
Other taxation and social security
81
480
Other creditors
26,812
12,361
52,020
44,777
2022-12-312022-01-01false03 November 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activitySimon KonovAlexander Slabinsky093346862022-01-012022-12-31093346862022-12-31093346862021-12-3109334686core:IntangibleAssetsOtherThanGoodwill2022-12-3109334686core:IntangibleAssetsOtherThanGoodwill2021-12-3109334686core:OtherPropertyPlantEquipment2022-12-3109334686core:OtherPropertyPlantEquipment2021-12-3109334686core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3109334686core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3109334686core:CurrentFinancialInstruments2022-12-3109334686core:CurrentFinancialInstruments2021-12-3109334686core:ShareCapital2022-12-3109334686core:ShareCapital2021-12-3109334686core:RetainedEarningsAccumulatedLosses2022-12-3109334686core:RetainedEarningsAccumulatedLosses2021-12-3109334686bus:Director22022-01-012022-12-3109334686bus:RegisteredOffice2022-01-012022-12-3109334686core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3109334686core:ComputerSoftware2022-01-012022-12-3109334686core:FurnitureFittings2022-01-012022-12-3109334686core:ComputerEquipment2022-01-012022-12-31093346862021-01-012021-12-3109334686core:IntangibleAssetsOtherThanGoodwill2021-12-3109334686core:OtherPropertyPlantEquipment2021-12-3109334686core:OtherPropertyPlantEquipment2022-01-012022-12-3109334686bus:PrivateLimitedCompanyLtd2022-01-012022-12-3109334686bus:SmallCompaniesRegimeForAccounts2022-01-012022-12-3109334686bus:FRS1022022-01-012022-12-3109334686bus:AuditExemptWithAccountantsReport2022-01-012022-12-3109334686bus:Director12022-01-012022-12-3109334686bus:FullAccounts2022-01-012022-12-31xbrli:purexbrli:sharesiso4217:GBP