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COMPANY REGISTRATION NUMBER: 06811173
SRLCO Limited
Filleted Unaudited Abridged Financial Statements
28 February 2023
SRLCO Limited
Abridged Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
6,121
6,931
Current assets
Debtors
19,116
62,525
Cash at bank and in hand
248,015
131,462
---------
---------
267,131
193,987
Creditors: amounts falling due within one year
120,686
89,579
---------
---------
Net current assets
146,445
104,408
---------
---------
Total assets less current liabilities
152,566
111,339
Provisions
Taxation including deferred tax
1,163
1,317
---------
---------
Net assets
151,403
110,022
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
151,303
109,922
---------
---------
Shareholders funds
151,403
110,022
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.
SRLCO Limited
Abridged Statement of Financial Position (continued)
28 February 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 26 April 2023 , and are signed on behalf of the board by:
Mr S G Rushton
Director
Company registration number: 06811173
SRLCO Limited
Notes to the Abridged Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 King Street, Knutsford, Cheshire, WA16 6DW, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover represents the amounts invoiced or otherwise earned, excluding Value Added Tax, by way of commissions and fees receivable. Turnover is recognised on a strict time basis at the point at which the unconditional right to consideration is obtained.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods and is measured at the amounts of tax expected to be payable or recoverable using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
20% reducing balance
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are recognised in income immediately that there is reasonable assurance that the company will comply with the conditions attaching to them and the grants have been received.
Defined contribution plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 5 ).
5. Tangible assets
£
Cost
At 1 March 2022
20,883
Additions
613
--------
At 28 February 2023
21,496
--------
Depreciation
At 1 March 2022
13,952
Charge for the year
1,423
--------
At 28 February 2023
15,375
--------
Carrying amount
At 28 February 2023
6,121
--------
At 28 February 2022
6,931
--------