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REGISTERED NUMBER: SC369321 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SLBC LIMITED

SLBC LIMITED (REGISTERED NUMBER: SC369321)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SLBC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: S Lyle





SECRETARY: Mrs E Lyle





REGISTERED OFFICE: 1 Townhead
CATRINE
Ayrshire
KA5 6SF





REGISTERED NUMBER: SC369321 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
Chartered Accountants
20 Barns Street
Ayr
Ayrshire
KA7 1XA

SLBC LIMITED (REGISTERED NUMBER: SC369321)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,284 41,219

CURRENT ASSETS
Stocks 48,127 170,396
Debtors 5 93,149 86,925
Cash at bank and in hand 231,489 226,255
372,765 483,576
CREDITORS
Amounts falling due within one year 6 88,704 54,971
NET CURRENT ASSETS 284,061 428,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,345

469,824

PROVISIONS FOR LIABILITIES 8,710 5,420
NET ASSETS 329,635 464,404

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 329,633 464,402
SHAREHOLDERS' FUNDS 329,635 464,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SLBC LIMITED (REGISTERED NUMBER: SC369321)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 director and authorised for issue on 29 August 2024 and were signed by:





S Lyle - Director


SLBC LIMITED (REGISTERED NUMBER: SC369321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

SLBC Limited is a private company, limited by shares , registered in Scotland. 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.

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 etc - 33% on cost and 25% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SLBC LIMITED (REGISTERED NUMBER: SC369321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 19,540 3,538 32,768 2,914 58,760
Additions - - 29,950 2,394 32,344
Disposals - - (17,207 ) - (17,207 )
At 30 November 2023 19,540 3,538 45,511 5,308 73,897
DEPRECIATION
At 1 December 2022 - 2,314 12,785 2,442 17,541
Charge for year - 306 5,037 300 5,643
Eliminated on disposal - - (3,571 ) - (3,571 )
At 30 November 2023 - 2,620 14,251 2,742 19,613
NET BOOK VALUE
At 30 November 2023 19,540 918 31,260 2,566 54,284
At 30 November 2022 19,540 1,224 19,983 472 41,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 52,812 29,686
Other debtors 40,337 57,239
93,149 86,925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 25,669 35,505
Hire purchase contracts 20,831 -
Trade creditors 34,041 1,219
Taxation and social security (8,915 ) 11,750
Other creditors 17,078 6,497
88,704 54,971

7. ULTIMATE CONTROLLING PARTY

In the opinion of the director there is no ultimate controlling party.