SLMK LIMITED

Company Registration Number:
NI048697 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

SLMK LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

SLMK LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 70,166 79,265
Total fixed assets: 70,166 79,265
Current assets
Stocks: 13,704 13,000
Debtors:   101,253 116,035
Cash at bank and in hand: 5,507 8,497
Total current assets: 120,464 137,532
Creditors: amounts falling due within one year:   (104,631) (125,871)
Net current assets (liabilities): 15,833 11,661
Total assets less current liabilities: 85,999 90,926
Creditors: amounts falling due after more than one year:   (30,359) (35,543)
Provision for liabilities: (19,200) (19,600)
Total net assets (liabilities): 36,440 35,783
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:435,32035,320
Profit and loss account: 1,118 461
Shareholders funds: 36,440 35,783

The notes form part of these financial statements

SLMK LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 June 2024
and signed on behalf of the board by:

Name: Seamus McKavanagh
Status: Director

The notes form part of these financial statements

SLMK LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:Land and buildings 2% straight lineFixtures and fittings 20% straight lineThe carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing or selling.

SLMK LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 14 14

SLMK LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 112,419
At 30 November 2023 112,419
Depreciation
At 01 December 2022 33,154
Charge for year 9,099
At 30 November 2023 42,253
Net book value
At 30 November 2023 70,166
At 30 November 2022 79,265

SLMK LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Revaluation reserve

2023
£
Balance at 01 December 2022 35,320
Surplus or deficit after revaluation 0
Balance at 30 November 2023 35,320

SLMK LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Loans to directors

Name of director receiving advance or credit: Seamus & Linda McKavanagh
Description of the loan: Advance
£
Balance at 01 December 2022 79,320
Advances or credits repaid: 7,625
Balance at 30 November 2023 71,695