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Company Registration No. 5695728 (England and Wales)
S & L Corless Limited Unaudited accounts for the year ended 29 February 2024
S & L Corless Limited Unaudited accounts Contents
Page
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S & L Corless Limited Company Information for the year ended 29 February 2024
Director
Shaun Corless
Secretary
Lisa Jane Corless
Company Number
5695728 (England and Wales)
Registered Office
21C Rough Hey Road Grimsargh Preston PR2 5AR England
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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S & L Corless Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,009 
21,686 
Current assets
Inventories
8,700 
10,700 
Debtors
25,054 
20,801 
Cash at bank and in hand
254,467 
205,697 
288,221 
237,198 
Creditors: amounts falling due within one year
(74,529)
(56,133)
Net current assets
213,692 
181,065 
Total assets less current liabilities
234,701 
202,751 
Provisions for liabilities
Deferred tax
(3,991)
(4,120)
Net assets
230,710 
198,631 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
230,708 
198,629 
Shareholders' funds
230,710 
198,631 
For the year ending 29 February 2024 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 director acknowledges his 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 the year in accordance with Section 444(2A).
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 and authorised for issue on 3 September 2024 and were signed on its behalf by
Shaun Corless Director Company Registration No. 5695728
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S & L Corless Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
S & L Corless Limited is a private company, limited by shares, registered in England and Wales, registration number 5695728. The registered office is 21C Rough Hey Road, Grimsargh, Preston, PR2 5AR, England.
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
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
111,160 
Additions
3,030 
At 29 February 2024
114,190 
Depreciation
At 1 March 2023
89,474 
Charge for the year
3,707 
At 29 February 2024
93,181 
Net book value
At 29 February 2024
21,009 
At 28 February 2023
21,686 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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S & L Corless Limited Notes to the Accounts for the year ended 29 February 2024
6
Average number of employees
During the year the average number of employees was 10 (2023: 8).
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