IRIS Accounts Production v24.2.0.383 14884497 director 22.5.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh148844972023-05-21148844972024-05-31148844972023-05-222024-05-31148844972023-05-2114884497ns15:EnglandWales2023-05-222024-05-3114884497ns14:PoundSterling2023-05-222024-05-3114884497ns10:Director12023-05-222024-05-3114884497ns10:PrivateLimitedCompanyLtd2023-05-222024-05-3114884497ns10:SmallEntities2023-05-222024-05-3114884497ns10:AuditExempt-NoAccountantsReport2023-05-222024-05-3114884497ns10:SmallCompaniesRegimeForDirectorsReport2023-05-222024-05-3114884497ns10:SmallCompaniesRegimeForAccounts2023-05-222024-05-3114884497ns10:AbridgedAccounts2023-05-222024-05-3114884497ns10:OrdinaryShareClass12023-05-222024-05-31148844971ns10:OrdinaryShareClass12023-05-222024-05-3114884497ns10:RegisteredOffice2023-05-222024-05-3114884497ns5:CurrentFinancialInstruments2024-05-3114884497ns5:Non-currentFinancialInstruments2024-05-3114884497ns5:ShareCapital2024-05-3114884497ns5:RetainedEarningsAccumulatedLosses2024-05-3114884497ns5:PlantMachinery2023-05-222024-05-3114884497ns5:FurnitureFittings2023-05-222024-05-3114884497ns5:MotorVehicles2023-05-222024-05-3114884497ns5:ComputerEquipment2023-05-222024-05-3114884497ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-05-3114884497ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-05-3114884497ns5:HirePurchaseContracts2024-05-3114884497ns5:BetweenOneFiveYears2024-05-3114884497ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 14884497 (England and Wales)













Unaudited Financial Statements

for the Period 22 May 2023 to 31 May 2024

for

Slate Developments (NW) Limited

Slate Developments (NW) Limited (Registered number: 14884497)






Contents of the Financial Statements
for the period 22 May 2023 to 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Slate Developments (NW) Limited

Company Information
for the period 22 May 2023 to 31 May 2024







DIRECTOR: M Taylor





REGISTERED OFFICE: 4 Simpsons Wharf
Hapton
Burnley
Lancashire
BB12 7NB





REGISTERED NUMBER: 14884497 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Slate Developments (NW) Limited (Registered number: 14884497)

Abridged Balance Sheet
31 May 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 163,042

CURRENT ASSETS
Debtors 217,869
Cash at bank 87,443
305,312
CREDITORS
Amounts falling due within one year 293,488
NET CURRENT ASSETS 11,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,866

CREDITORS
Amounts falling due after more than one year (14,683 )

PROVISIONS FOR LIABILITIES (40,760 )
NET ASSETS 119,423

CAPITAL AND RESERVES
Called up share capital 7 1
Retained earnings 119,422
SHAREHOLDERS' FUNDS 119,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 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.

Slate Developments (NW) Limited (Registered number: 14884497)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 August 2024 and were signed by:





M Taylor - Director


Slate Developments (NW) Limited (Registered number: 14884497)

Notes to the Financial Statements
for the period 22 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Slate Developments (NW) Limited is a private company, limited by shares , registered in England and Wales. 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.

The company provides maintenance and refurbishment services to commercial properties.Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Basic financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the period 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.


Slate Developments (NW) Limited (Registered number: 14884497)

Notes to the Financial Statements - continued
for the period 22 May 2023 to 31 May 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 213,124
At 31 May 2024 213,124
DEPRECIATION
Charge for period 50,082
At 31 May 2024 50,082
NET BOOK VALUE
At 31 May 2024 163,042

Slate Developments (NW) Limited (Registered number: 14884497)

Notes to the Financial Statements - continued
for the period 22 May 2023 to 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 22,975
At 31 May 2024 22,975
DEPRECIATION
Charge for period 5,744
At 31 May 2024 5,744
NET BOOK VALUE
At 31 May 2024 17,231

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire
purchase
contracts
£   
Net obligations repayable:
Within one year 3,432
Between one and five years 14,236
17,668

Non-cancellable operating leases
£   
Between one and five years 36,833

6. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 17,668

Slate Developments (NW) Limited (Registered number: 14884497)

Notes to the Financial Statements - continued
for the period 22 May 2023 to 31 May 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .