SLM (Design & Engineering) Limited 06010418 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is The principal activity of the company during the year has been that of engineering design services. Digita Accounts Production Advanced 6.30.9574.0 true true 06010418 2023-01-01 2023-12-31 06010418 2023-12-31 06010418 core:RetainedEarningsAccumulatedLosses 2023-12-31 06010418 core:ShareCapital 2023-12-31 06010418 core:CurrentFinancialInstruments 2023-12-31 06010418 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06010418 core:OfficeEquipment 2023-12-31 06010418 bus:SmallEntities 2023-01-01 2023-12-31 06010418 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06010418 bus:FullAccounts 2023-01-01 2023-12-31 06010418 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06010418 bus:RegisteredOffice 2023-01-01 2023-12-31 06010418 bus:CompanySecretary1 2023-01-01 2023-12-31 06010418 bus:Director2 2023-01-01 2023-12-31 06010418 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06010418 core:OfficeEquipment 2023-01-01 2023-12-31 06010418 countries:UnitedKingdom 2023-01-01 2023-12-31 06010418 2022-12-31 06010418 core:OfficeEquipment 2022-12-31 06010418 2022-01-01 2022-12-31 06010418 2022-12-31 06010418 core:RetainedEarningsAccumulatedLosses 2022-12-31 06010418 core:ShareCapital 2022-12-31 06010418 core:CurrentFinancialInstruments 2022-12-31 06010418 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06010418 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 06010418

SLM (Design & Engineering) Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

SLM (Design & Engineering) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

SLM (Design & Engineering) Limited

Company Information

Director

S L Mills

Company secretary

M P Mills

Registered office

Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

SLM (Design & Engineering) Limited

(Registration number: 06010418)
Balance Sheet
31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

705

619

Current assets

 

Debtors

5

8,638

9,241

Cash at bank and in hand

 

17,017

43,581

 

25,655

52,822

Creditors: Amounts falling due within one year

6

(17,637)

(32,634)

Net current assets

 

8,018

20,188

Net assets

 

8,723

20,807

Capital and reserves

 

Called up share capital

100

100

Retained earnings

8,623

20,707

Shareholders' funds

 

8,723

20,807

 

SLM (Design & Engineering) Limited

(Registration number: 06010418)
Balance Sheet
31 December 2023

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 31 January 2024
 



S L Mills
Director

 

SLM (Design & Engineering) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

These financial statements were authorised for issue by the director on 31 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax,

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

SLM (Design & Engineering) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% per annum straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

SLM (Design & Engineering) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

1,672

1,672

Additions

666

666

At 31 December 2023

2,338

2,338

Depreciation

At 1 January 2023

1,053

1,053

Charge for the year

580

580

At 31 December 2023

1,633

1,633

Carrying amount

At 31 December 2023

705

705

At 31 December 2022

619

619

5

Debtors

2023
£

2022
£

Trade debtors

8,400

9,009

Prepayments

238

232

8,638

9,241

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

15,863

17,542

Other creditors

1,774

15,092

17,637

32,634