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Company Registration No. 14288939 (England and Wales)
SLICKS SPORTS & BARS (WORTHING) LTD Unaudited accounts for the year ended 31 August 2023
SLICKS SPORTS & BARS (WORTHING) LTD Unaudited accounts Contents
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SLICKS SPORTS & BARS (WORTHING) LTD Company Information for the year ended 31 August 2023
Director
Mr Mark Albert John Connor
Company Number
14288939 (England and Wales)
Registered Office
4 Baird Road Enfield Middlesex EN1 1SJ
Accountants
Stoke Newington Accountants & Tax Consultants Ltd 4 Baird Road Enfield Middlesex EN1 1SJ
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SLICKS SPORTS & BARS (WORTHING) LTD Statement of financial position as at 31 August 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
6,809 
Current assets
Inventories
4,125 
Cash at bank and in hand
120,994 
125,119 
Creditors: amounts falling due within one year
(91,228)
Net current assets
33,891 
Total assets less current liabilities
40,700 
Creditors: amounts falling due after more than one year
(28,760)
Net assets
11,940 
Capital and reserves
Profit and loss account
11,940 
Shareholders' funds
11,940 
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 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 1 March 2024 and were signed on its behalf by
Mr Mark Albert John Connor Director Company Registration No. 14288939
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SLICKS SPORTS & BARS (WORTHING) LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
SLICKS SPORTS & BARS (WORTHING) LTD is a private company, limited by shares, registered in England and Wales, registration number 14288939. The registered office is 4 Baird Road, Enfield, Middlesex, EN1 1SJ.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
15% Reducing Bal Method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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SLICKS SPORTS & BARS (WORTHING) LTD Notes to the Accounts for the year ended 31 August 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
- 
- 
- 
Additions
2,079 
6,372 
8,451 
At 31 August 2023
2,079 
6,372 
8,451 
Depreciation
Charge for the year
686 
956 
1,642 
At 31 August 2023
686 
956 
1,642 
Net book value
At 31 August 2023
1,393 
5,416 
6,809 
5
Creditors: amounts falling due within one year
2023 
£ 
VAT
6,997 
Trade creditors
75,972 
Taxes and social security
3,259 
Other creditors
3,000 
Accruals
2,000 
91,228 
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SLICKS SPORTS & BARS (WORTHING) LTD Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due after more than one year
2023 
£ 
Other creditors
28,760 
7
Controlling party
The company's ultimate controlling party is Linda Margaret Connor by virtue of his ownership of 100% of the issued share capital in the company
8
Average number of employees
During the year the average number of employees was 8.
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