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Registered number: 14304849
S & L Budak Ltd
Financial Statements
For The Year Ended 31 August 2023
Leathley & Co - Poynton Office
Park Lane Business Centre
78 Park Lane
Poynton
Cheshire
SK12 1RE
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14304849
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,360
1,360
CURRENT ASSETS
Cash at bank and in hand 6,014
6,014
Creditors: Amounts Falling Due Within One Year 5 (7,369 )
NET CURRENT ASSETS (LIABILITIES) (1,355 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5
NET ASSETS 5
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (95 )
SHAREHOLDERS' FUNDS 5
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sercin Budak
Director
21/01/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
S & L Budak Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14304849 . The registered office is 31 Park Lane, Poynton, Stockport, Cheshire, SK12 1RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2022 -
Additions 1,600
As at 31 August 2023 1,600
Depreciation
As at 1 September 2022 -
Provided during the period 240
As at 31 August 2023 240
Net Book Value
As at 31 August 2023 1,360
As at 1 September 2022 -
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2023
£
Corporation tax 6,696
Other taxes and social security 39
Director's loan account 634
7,369
6. Share Capital
2023
£
Allotted, Called up and fully paid 100
Page 3