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Company Registration No. 13388397 (England and Wales)
SLOM TRADING LTD Unaudited accounts for the year ended 31 May 2023
SLOM TRADING LTD Unaudited accounts Contents
Page
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SLOM TRADING LTD Company Information for the year ended 31 May 2023
Director
Mr Sajikumar Muthiah
Company Number
13388397 (England and Wales)
Registered Office
245 BARNSLEY ROAD WOMBWELL BARNSLEY S73 8DT UNITED KINGDOM
Accountants
IRTS Business Solutions Limited 209 The Heights Northolt Middlesex UB5 4BX
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SLOM TRADING LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,295 
1,439 
Current assets
Inventories
111,394 
57,251 
Debtors
7,337 
4,252 
Cash at bank and in hand
3,441 
1,909 
122,172 
63,412 
Creditors: amounts falling due within one year
(119,857)
(60,568)
Net current assets
2,315 
2,844 
Net assets
3,610 
4,283 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,510 
4,183 
Shareholders' funds
3,610 
4,283 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 September 2023 and were signed on its behalf by
Mr Sajikumar Muthiah Director Company Registration No. 13388397
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SLOM TRADING LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
SLOM TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 13388397. The registered office is 245 BARNSLEY ROAD, WOMBWELL, BARNSLEY, S73 8DT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 11 May 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
1,599 
At 31 May 2023
1,599 
Depreciation
At 1 June 2022
160 
Charge for the year
144 
At 31 May 2023
304 
Net book value
At 31 May 2023
1,295 
At 31 May 2022
1,439 
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SLOM TRADING LTD Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,337 
1,752 
Accrued income and prepayments
- 
2,500 
7,337 
4,252 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
6,761 
VAT
1,435 
3,125 
Trade creditors
55,553 
14,819 
Taxes and social security
2,045 
7,449 
Other creditors
11,922 
9,670 
Loans from directors
47,257 
17,099 
Accruals
1,645 
1,645 
119,857 
60,568 
7
Average number of employees
During the year the average number of employees was 13 (2022: 12).
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