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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
Page
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Slabs 2 U Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,821 
18,618 
Current assets
Inventories
150,000 
200,000 
Debtors
26,522 
7,044 
Cash at bank and in hand
2,446 
- 
178,968 
207,044 
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)
Capital and reserves
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
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Slabs 2 U Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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
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 
Additions
- 
1,298 
- 
1,298 
At 31 October 2023
7,642 
20,135 
21,582 
49,359 
Depreciation
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 
Net book value
At 31 October 2023
1,320 
5,198 
6,303 
12,821 
At 31 October 2022
1,760 
7,020 
9,838 
18,618 
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Slabs 2 U Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,501 
7,044 
Trade debtors
19,157 
- 
Accrued income and prepayments
117 
- 
Other debtors
1,747 
- 
26,522 
7,044 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
21,650 
9,381 
VAT
6,639 
5,285 
Taxes and social security
- 
2,270 
Other creditors
289 
- 
Loans from directors
41,443 
39,693 
Accruals
1,350 
750 
71,371 
57,379 
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).
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