REGISTERED NUMBER: |
SLOANE INDUSTRIES LTD |
Report of the Directors and |
Unaudited Financial Statements |
for the Period 15 November 2022 to 30 November 2023 |
REGISTERED NUMBER: |
SLOANE INDUSTRIES LTD |
Report of the Directors and |
Unaudited Financial Statements |
for the Period 15 November 2022 to 30 November 2023 |
SLOANE INDUSTRIES LTD (REGISTERED NUMBER: 14486396) |
Contents of the Financial Statements |
for the Period 15 November 2022 to 30 November 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Chartered Certified Accountants' Report | 3 |
Statement of Income and Retained Earnings | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 | to | 7 |
SLOANE INDUSTRIES LTD |
Company Information |
for the Period 15 November 2022 to 30 November 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Chartered Certified Accountants |
Chartered Tax Advisers |
Artisans' House |
7 Queensbridge |
Northampton |
Northamptonshire |
NN4 7BF |
SLOANE INDUSTRIES LTD (REGISTERED NUMBER: 14486396) |
Report of the Directors |
for the Period 15 November 2022 to 30 November 2023 |
The directors present their report with the financial statements of the company for the period 15 November 2022 to 30 November 2023. |
Incorporation |
The company was incorporated on 15 November 2022 . |
Directors |
The directors who have held office during the period from 15 November 2022 to the date of this report are as follows: |
Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
On behalf of the board: |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Sloane Industries Ltd |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sloane Industries Ltd for the period ended 30 November 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of Sloane Industries Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sloane Industries Ltd and state those matters that we have agreed to state to the Board of Directors of Sloane Industries Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Sloane Industries Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sloane Industries Ltd. You consider that Sloane Industries Ltd is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Sloane Industries Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Certified Accountants |
Chartered Tax Advisers |
Artisans' House |
7 Queensbridge |
Northampton |
Northamptonshire |
NN4 7BF |
SLOANE INDUSTRIES LTD (REGISTERED NUMBER: 14486396) |
Statement of Income and Retained Earnings |
for the Period 15 November 2022 to 30 November 2023 |
£ |
TURNOVER |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL PERIOD |
SLOANE INDUSTRIES LTD (REGISTERED NUMBER: 14486396) |
Balance Sheet |
30 November 2023 |
£ |
CURRENT ASSETS |
Cash in hand |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SLOANE INDUSTRIES LTD (REGISTERED NUMBER: 14486396) |
Notes to the Financial Statements |
for the Period 15 November 2022 to 30 November 2023 |
1. | STATUTORY INFORMATION |
Sloane Industries Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
SLOANE INDUSTRIES LTD (REGISTERED NUMBER: 14486396) |
Notes to the Financial Statements - continued |
for the Period 15 November 2022 to 30 November 2023 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. |
Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities. |
In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis. |
The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |