Company Registration No. 07037298 (England and Wales)
Slabs 2 U Limited
Unaudited accounts
for the year ended 31 October 2023
Slabs 2 U Limited
Unaudited accounts
Contents
Slabs 2 U Limited
Statement of financial position
as at 31 October 2023
Tangible assets
12,821
18,618
Inventories
150,000
200,000
Cash at bank and in hand
2,446
-
Creditors: amounts falling due within one year
(71,371)
(57,379)
Net current assets
107,597
149,665
Total assets less current liabilities
120,418
168,283
Creditors: amounts falling due after more than one year
(143,771)
(175,139)
Net liabilities
(23,353)
(6,856)
Called up share capital
1,000
1,000
Profit and loss account
(24,353)
(7,856)
Shareholders' funds
(23,353)
(6,856)
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Mrs C Edwards
Director
Company Registration No. 07037298
Slabs 2 U Limited
Notes to the Accounts
for the year ended 31 October 2023
Slabs 2 U Limited is a private company, limited by shares, registered in England and Wales, registration number 07037298. The registered office is Unit 2-3 Whimsey Road, Steam Mills, Cinderford, Glos, GL14 3JA, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
7,642
18,837
21,582
48,061
At 31 October 2023
7,642
20,135
21,582
49,359
At 1 November 2022
5,882
11,817
11,744
29,443
Charge for the year
440
3,120
3,535
7,095
At 31 October 2023
6,322
14,937
15,279
36,538
At 31 October 2023
1,320
5,198
6,303
12,821
At 31 October 2022
1,760
7,020
9,838
18,618
Slabs 2 U Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
117
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
21,650
9,381
Taxes and social security
-
2,270
Loans from directors
41,443
39,693
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
143,771
175,139
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).