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REGISTERED NUMBER: 04546949 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

Slatter Electrical Limited

Slatter Electrical Limited (Registered number: 04546949)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Slatter Electrical Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr P Slatter
Mrs L Slatter
Mr S R Jones
Mr B Slatter





SECRETARY: Mrs L Slatter





REGISTERED OFFICE: 21 Highnam Business Centre
Highnam
Gloucester
GL2 8DN





REGISTERED NUMBER: 04546949 (England and Wales)





ACCOUNTANTS: Knights Accountants and Tax Advisors
21 Highnam Business Centre
Highnam
Gloucester
GL2 8DN

Slatter Electrical Limited (Registered number: 04546949)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 119,542 104,097
119,542 104,097

CURRENT ASSETS
Stocks 16,285 20,440
Debtors 6 233,923 223,661
Cash at bank and in hand 506,310 470,849
756,518 714,950
CREDITORS
Amounts falling due within one year 7 185,261 176,655
NET CURRENT ASSETS 571,257 538,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

690,799

642,392

CAPITAL AND RESERVES
Called up share capital 107 107
Retained earnings 690,692 642,285
SHAREHOLDERS' FUNDS 690,799 642,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:



Mr P Slatter - Director


Slatter Electrical Limited (Registered number: 04546949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Slatter Electrical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 29 ) .

Slatter Electrical Limited (Registered number: 04546949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 60,000
AMORTISATION
At 1 November 2022
and 31 October 2023 60,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 14,386 22,553 16,790
Additions - 3,536 2,994
At 31 October 2023 14,386 26,089 19,784
DEPRECIATION
At 1 November 2022 9,061 18,951 15,053
Charge for year - 976 797
At 31 October 2023 9,061 19,927 15,850
NET BOOK VALUE
At 31 October 2023 5,325 6,162 3,934
At 31 October 2022 5,325 3,602 1,737

Slatter Electrical Limited (Registered number: 04546949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 245,022 29,115 327,866
Additions 35,750 580 42,860
At 31 October 2023 280,772 29,695 370,726
DEPRECIATION
At 1 November 2022 151,593 29,111 223,769
Charge for year 25,530 112 27,415
At 31 October 2023 177,123 29,223 251,184
NET BOOK VALUE
At 31 October 2023 103,649 472 119,542
At 31 October 2022 93,429 4 104,097

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 217,693 204,320
Other debtors 16,230 19,341
233,923 223,661

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 108,560 115,923
Taxation and social security 56,844 43,292
Other creditors 19,857 17,440
185,261 176,655