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REGISTERED NUMBER: 06034481 (England and Wales)















SLCC ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






SLCC ENTERPRISES LIMITED (REGISTERED NUMBER: 06034481)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SLCC ENTERPRISES LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: Mr R B Smith
Mr S C Trice
Mr A J Keppel-Green





REGISTERED OFFICE: Suite 2.01
Collar Factory
112 St Augustine Street
Taunton
Somerset
TA1 1QN





REGISTERED NUMBER: 06034481 (England and Wales)





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

SLCC ENTERPRISES LIMITED (REGISTERED NUMBER: 06034481)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,782 13,180

CURRENT ASSETS
Stocks 5 18,125 11,509
Debtors 6 378,599 432,412
Cash at bank 238,752 322,552
635,476 766,473
CREDITORS
Amounts falling due within one year 7 533,799 684,136
NET CURRENT ASSETS 101,677 82,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,459

95,517

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 102,459 85,517
SHAREHOLDER FUNDS 112,459 95,517

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:





Mr R B Smith - Director


SLCC ENTERPRISES LIMITED (REGISTERED NUMBER: 06034481)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

SLCC Enterprises 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on the sale of goods and provision of services, excluding discounts, rebates, value added tax and other sales taxes.

For the sale of of goods, revenue is recognised when all the following conditions are satisfied:
- the entity has transferred to the buyer the significant risks and rewards of ownership of the
goods;
- the entity retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

For the provision of services, revenue is recognised when all the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured
reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured
reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Conference equipment - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slowing moving items. Cost is determined using First In First Out methodology.

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.


SLCC ENTERPRISES LIMITED (REGISTERED NUMBER: 06034481)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

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 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Conference
equipment
£   
COST
At 1 January 2023 53,686
Additions 6,411
At 31 December 2023 60,097
DEPRECIATION
At 1 January 2023 40,506
Charge for year 8,809
At 31 December 2023 49,315
NET BOOK VALUE
At 31 December 2023 10,782
At 31 December 2022 13,180

5. STOCKS
31/12/23 31/12/22
as restated
£    £   
Conference consumables 3,000 4,000
Publications stock 15,020 7,416
Franking machine 105 93
18,125 11,509

SLCC ENTERPRISES LIMITED (REGISTERED NUMBER: 06034481)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
as restated
£    £   
Trade debtors 364,849 418,130
Other debtors 13,750 14,207
Prepayments - 75
378,599 432,412

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
as restated
£    £   
Trade creditors 7,433 130,067
Amounts owed to group undertakings 416,484 422,563
Corporation tax 63 1
VAT 34,490 37,721
Other creditors 2,957 -
Accruals and deferred income 72,372 93,784
533,799 684,136

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 31/12/22
as restated
£    £   
Within one year 9,469 4,964
Between one and five years 29,209 17,373
38,678 22,337

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: as
restated
£    £   
10,000 Ordinary share capital £1 10,000 10,000