Year Ended
Registration number:
Slade & Sons Limited
Contents
Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Slade & Sons Limited
Balance Sheet
30 April 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
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Provisions for liabilities |
- |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' (deficit)/funds |
( |
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Slade & Sons Limited
Balance Sheet
30 April 2023
For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Slade & Sons Limited
Statement of Changes in Equity
Year Ended 30 April 2023
Share capital |
Profit and loss account |
Total |
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At 1 May 2022 |
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( |
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Loss for the year |
- |
( |
( |
At 30 April 2023 |
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( |
( |
Share capital |
Revaluation reserve |
Profit and loss account |
Total |
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At 1 May 2021 |
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( |
( |
Profit for the year |
- |
- |
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Other comprehensive income |
- |
( |
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- |
At 30 April 2022 |
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- |
( |
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Slade & Sons Limited
Notes to the Unaudited Financial Statements
Year Ended 30 April 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Salcombe Road
Sidmouth
Devon
EX10 8PT
Accounting policies |
Statement of compliance
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 Section 1A, and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that, as disclosed in the accounting policies, certain items are shown at fair value.
The functional and presentational currency is pounds sterling.
Going concern
The company's balance sheet shows net current liabilities of £35,998 (2022: £149,139). The continuation of the company's activities is therefore dependent upon the support of its directors. The accounts have been prepared on the going concern basis on the assumption that this support will continue.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
15% reducing balance |
Motor vehicles |
25% reducing balance |
Fixtures and fittings |
15% reducing balance |
Investment property
Slade & Sons Limited
Notes to the Unaudited Financial Statements
Year Ended 30 April 2023
Stocks
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as an employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Cash and bank balances.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Slade & Sons Limited
Notes to the Unaudited Financial Statements
Year Ended 30 April 2023
Tangible assets |
Freehold property |
Plant and machinery |
Motor vehicles |
Fixtures and fittings |
Total |
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Cost or valuation |
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At 1 May 2022 |
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Disposals |
( |
- |
- |
- |
( |
At 30 April 2023 |
- |
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Depreciation |
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At 1 May 2022 |
- |
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Charge for the year |
- |
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- |
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At 30 April 2023 |
- |
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Carrying amount |
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At 30 April 2023 |
- |
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At 30 April 2022 |
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Slade & Sons Limited
Notes to the Unaudited Financial Statements
Year Ended 30 April 2023
Debtors |
2023 |
2022 |
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Trade debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Bank overdraft |
- |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Accruals and deferred income |
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Amounts due to related undertakings |
4,445 |
4,445 |
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Loans and borrowings |
2023 |
2022 |
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Current loans and borrowings |
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Bank overdrafts |
- |
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Slade & Sons Limited
Notes to the Unaudited Financial Statements
Year Ended 30 April 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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11,300 |
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11,300 |