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REGISTERED NUMBER: 05396998 (England and Wales)



Unaudited Financial Statements

for the Year Ended 31st March 2023

for

T & R Slack Limited

T & R Slack Limited (Registered number: 05396998)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


T & R Slack Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: R A Slack
T R Slack





SECRETARY: Mrs L Slack





REGISTERED OFFICE: 6 Manchester Road
Buxton
Derbyshire
SK17 6SB





REGISTERED NUMBER: 05396998 (England and Wales)





ACCOUNTANTS: Laytons
Chartered Accountants
6 Manchester Road
Buxton
Derbyshire
SK17 6SB

T & R Slack Limited (Registered number: 05396998)

Abridged Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,061 9,061
Tangible assets 5 100,504 103,488
109,565 112,549

CURRENT ASSETS
Stocks 58,650 40,500
Debtors 29,530 16,922
Cash at bank 322,552 235,204
410,732 292,626
CREDITORS
Amounts falling due within one year 121,849 86,944
NET CURRENT ASSETS 288,883 205,682
TOTAL ASSETS LESS CURRENT LIABILITIES 398,448 318,231

PROVISIONS FOR LIABILITIES 6 18,246 18,696
NET ASSETS 380,202 299,535

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 380,102 299,435
SHAREHOLDERS' FUNDS 380,202 299,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

T & R Slack Limited (Registered number: 05396998)

Abridged Balance Sheet - continued
31st March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 4th October 2023 and were signed on its behalf by:




R A Slack - Director



T R Slack - Director


T & R Slack Limited (Registered number: 05396998)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

T & R Slack Limited 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.

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.

Milk quotas are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

T & R Slack Limited (Registered number: 05396998)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022
and 31st March 2023 113,254
AMORTISATION
At 1st April 2022
and 31st March 2023 104,193
NET BOOK VALUE

At 31st March 2023 9,061
At 31st March 2022 9,061

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022 305,936
Additions 16,934
At 31st March 2023 322,870
DEPRECIATION
At 1st April 2022 202,448
Charge for year 19,918
At 31st March 2023 222,366
NET BOOK VALUE
At 31st March 2023 100,504
At 31st March 2022 103,488

6. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 18,246 18,696

Deferred
tax
£   
Balance at 1st April 2022 18,696
Utilised during year (450 )
Balance at 31st March 2023 18,246

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year ended 31st March 2023, the company owed the directors T Slack £229 (2022: £280) and R Slack £79,942 (2022: £58,086). This loan is interest free and payable on demand.