Company registration number 09533662 (England and Wales)
Slixir Ltd
Unaudited
financial statements
for the year ended 31 March 2023
PAGES FOR FILING WITH REGISTRAR
Slixir Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Slixir Ltd
Statement of financial position
as at 31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
24,697
24,644
Current assets
Stocks
9,025
9,025
Debtors
4
597
192
9,622
9,217
Creditors: amounts falling due within one year
5
(137,477)
(119,227)
Net current liabilities
(127,855)
(110,010)
Total assets less current liabilities
(103,158)
(85,366)
Creditors: amounts falling due after more than one year
6
(1,576)
(2,299)
Net liabilities
(104,734)
(87,665)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(104,735)
(87,666)
Total equity
(104,734)
(87,665)
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has 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 and signed by the director and authorised for issue on 11 August 2023
H Gilmore
Director
Company Registration No. 09533662
Slixir Ltd
Notes to the financial statements
for the year ended 31 March 2023
- 2 -
1
Accounting policies
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.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services.
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.
Patents & licences
10 years straight line
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
Slixir Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2023
- 3 -
3
Intangible fixed assets
Patents & licences
£
Cost
At 1 April 2022
36,844
Additions
4,154
At 31 March 2023
40,998
Amortisation and impairment
At 1 April 2022
12,201
Amortisation charged for the year
4,100
At 31 March 2023
16,301
Carrying amount
At 31 March 2023
24,697
At 31 March 2022
24,644
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
VAT recoverable
597
192
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,629
9,922
Other creditors
123,848
106,305
Accruals and deferred income
3,000
3,000
137,477
119,227
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
1,576
2,299
7
Company information
Slixir Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, 1 Horsefair, Wetherby, LS22 6JG.