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REGISTERED NUMBER: 05667175 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SLEEX LTD

SLEEX LTD (REGISTERED NUMBER: 05667175)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SLEEX LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Dr C Czujack





SECRETARY: Heartwood Accountants Ltd





REGISTERED OFFICE: 78 York Street
London
W1H 1DP





REGISTERED NUMBER: 05667175 (England and Wales)





ACCOUNTANTS: Heartwood Accountants Limited
Riverside House
3 Place Farm
Wheathampstead
Hertfordshire
AL4 8SB

SLEEX LTD (REGISTERED NUMBER: 05667175)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,113 16,813
Tangible assets 5 82 120
11,195 16,933

CURRENT ASSETS
Stocks 49,282 62,945
Debtors 43 1,418
Cash at bank 7,875 5,807
57,200 70,170
CREDITORS
Amounts falling due within one year 89,408 88,345
NET CURRENT LIABILITIES (32,208 ) (18,175 )
TOTAL ASSETS LESS CURRENT LIABILITIES (21,013 ) (1,242 )

CREDITORS
Amounts falling due after more than one year 6 34,481 39,926
NET LIABILITIES (55,494 ) (41,168 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (56,494 ) (42,168 )
SHAREHOLDERS' FUNDS (55,494 ) (41,168 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SLEEX LTD (REGISTERED NUMBER: 05667175)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


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 year ended 31 December 2023 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 24 August 2024 and were signed by:





Dr C Czujack - Director


SLEEX LTD (REGISTERED NUMBER: 05667175)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Sleex Ltd 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 represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Research and development
Expenditure on research and development is written off in the year it is incurred, except that development expenditure incurred on an individual project is carried forward as permitted by SSAP13 when its full recoverability can reasonably be regarded as assured. The expenditure carried forward is treated as an intangible fixed asset and amortised over its estimated economic life of three years so as to match the expenditure with the anticipated sales from the related project.

SLEEX LTD (REGISTERED NUMBER: 05667175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 118,267
Additions 1,065
At 31 December 2023 119,332
AMORTISATION
At 1 January 2023 101,454
Amortisation for year 6,765
At 31 December 2023 108,219
NET BOOK VALUE

At 31 December 2023 11,113
At 31 December 2022 16,813

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 4,842
DEPRECIATION
At 1 January 2023 4,722
Charge for year 38
At 31 December 2023 4,760
NET BOOK VALUE
At 31 December 2023 82
At 31 December 2022 120

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.12.23 31.12.22
£    £   
Repayable by instalments
Bounce back loan > 1yr 34,481 39,926

SLEEX LTD (REGISTERED NUMBER: 05667175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS - continued

The company took out a Bounce Back Loan in April 2021. The loan is interest free and repayment free for the first 12 months. Thereafter a rate of interest of 2.5% per annum will apply. The term of the loan is 10 years.

7. RELATED PARTY DISCLOSURES

The director has a loan repayable on demand of £69,639 (2022 £69,639) upon which interest is normally charged at a rate of 9%. No interest has been charged for the year end 2023 (2022 £NIL).

8. GOING CONCERN

The financial statements have been prepared on a going concern basis. The shareholder has confirmed that they will provide additional funding as necessary to meet all liabilities. The Directors considered that the Going Concern basis is appropriate.The financial statements do not include any adjustments that may arise from a withdrawal of support from its shareholder.