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REGISTERED NUMBER: 10262742 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SLEEK ACCOUNTING LIMITED

SLEEK ACCOUNTING LIMITED (REGISTERED NUMBER: 10262742)

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


SLEEK ACCOUNTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K L Howitt
E J Kirkby
J Labruyere





REGISTERED OFFICE: 107 Kirkgate
Leeds
West Yorkshire
LS1 6DP





REGISTERED NUMBER: 10262742 (England and Wales)





AUDITORS: Ad Valorem Audit Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

SLEEK ACCOUNTING LIMITED (REGISTERED NUMBER: 10262742)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
(Unaudited)
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 - 4,598

CURRENT ASSETS
Debtors 6 1,373,820 780,977
Cash at bank 56,449 138,839
1,430,269 919,816
CREDITORS
Amounts falling due within one year 7 565,498 134,815
NET CURRENT ASSETS 864,771 785,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

864,771

789,599

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 864,761 789,589
864,771 789,599

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 26 September 2024 and were signed on its behalf by:





J Labruyere - Director


SLEEK ACCOUNTING LIMITED (REGISTERED NUMBER: 10262742)

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


1. STATUTORY INFORMATION

Sleek Accounting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

DEFERRED TAXATION
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.

GOING CONCERN
There has been no identification of any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are issued.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

SLEEK ACCOUNTING LIMITED (REGISTERED NUMBER: 10262742)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2023 3,826 9,412 13,238
Disposals (3,826 ) (9,412 ) (13,238 )
At 31 December 2023 - - -
DEPRECIATION
At 1 January 2023 2,219 6,421 8,640
Eliminated on disposal (2,219 ) (6,421 ) (8,640 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 1,607 2,991 4,598

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£ £
Trade debtors 71,497 71,917
Amounts owed by group undertakings 1,279,717 696,513
Other debtors 22,606 12,547
1,373,820 780,977

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£ £
Trade creditors 648 719
Amounts owed to group undertakings 424,652 -
Taxation and social security 63,900 131,016
Other creditors 76,298 3,080
565,498 134,815

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Zubair Arshad FCCA, ACA (Senior Statutory Auditor)
for and on behalf of Ad Valorem Audit Services Limited

SLEEK ACCOUNTING LIMITED (REGISTERED NUMBER: 10262742)

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


9. RELATED PARTY DISCLOSURES

Included within creditors are balances due to Sleek Tech Pte Ltd, the parent company, of £324,652 (2022: debtor £125,348).

Included within creditors are balances due to Sleek Technology Holdings Pte Ltd, the ultimate controlling party, of £100,000 (2022: nil).

Included within debtors are balances due from Sleek Technology Ltd, a company under common control, of £1,173,597 (2022: £565,045).

Included within debtors are balances due from Sleek Payments Limited, a company under common control, of £106,120 (2022: £6,120).