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COMPANY REGISTRATION NUMBER: 08596243
SLM PLANT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 October 2023
SLM PLANT LIMITED
STATEMENT OF FINANCIAL POSITION
30 October 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
20,115
6,120
CURRENT ASSETS
Debtors
5
47,596
34,308
Cash at bank and in hand
2,571
40,094
--------
--------
50,167
74,402
CREDITORS: amounts falling due within one year
6
10,404
25,119
--------
--------
NET CURRENT ASSETS
39,763
49,283
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
59,878
55,403
CREDITORS: amounts falling due after more than one year
7
45,463
45,163
--------
--------
NET ASSETS
14,415
10,240
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
2
2
Profit and loss account
14,413
10,238
--------
--------
SHAREHOLDERS FUNDS
14,415
10,240
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SLM PLANT LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 October 2023
These financial statements were approved by the board of directors and authorised for issue on 26 July 2024 , and are signed on behalf of the board by:
Mr S L Mason Director
Company registration number: 08596243
SLM PLANT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 OCTOBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Computer equipment
-
33% straight line
4. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 31 October 2022
7,355
20,574
624
28,553
Additions
20,250
20,250
-------
--------
----
--------
At 30 October 2023
7,355
40,824
624
48,803
-------
--------
----
--------
Depreciation
At 31 October 2022
3,981
17,828
624
22,433
Charge for the year
506
5,749
6,255
-------
--------
----
--------
At 30 October 2023
4,487
23,577
624
28,688
-------
--------
----
--------
Carrying amount
At 30 October 2023
2,868
17,247
20,115
-------
--------
----
--------
At 30 October 2022
3,374
2,746
6,120
-------
--------
----
--------
5. DEBTORS
2023
2022
£
£
Trade debtors
46,908
34,308
Other debtors
688
--------
--------
47,596
34,308
--------
--------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,074
1,156
Corporation tax
688
Social security and other taxes
14
3,042
Other creditors
9,316
20,233
--------
--------
10,404
25,119
--------
--------
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Other creditors
45,463
45,163
--------
--------
8. RELATED PARTY TRANSACTIONS
During the period the company undertook the following transactions with related parties: The director and shareholder has advanced monies to the company. At 2023 the amount due from the company was £8,420 (2022 - £19,216).