Company Registration No. 13225584 (England and Wales)
SLS FUSION LTD
Unaudited accounts
for the year ended 29 February 2024
SLS FUSION LTD
Unaudited accounts
Contents
SLS FUSION LTD
Company Information
for the year ended 29 February 2024
Company Number
13225584 (England and Wales)
Registered Office
139 WORPLESDON RD
STOUGHTON
GUILDFORD
GU2 9XA
ENGLAND
Accountants
Choice Accountancy
54 Greenfield Road
London
E1 1EJ
SLS FUSION LTD
Statement of financial position
as at 29 February 2024
Tangible assets
3,402
4,252
Cash at bank and in hand
929
20,463
Creditors: amounts falling due within one year
(9,796)
(13,334)
Net current (liabilities)/assets
(8,867)
7,962
Total assets less current liabilities
(5,465)
12,214
Creditors: amounts falling due after more than one year
(238)
(237)
Net (liabilities)/assets
(5,703)
11,977
Called up share capital
100
100
Profit and loss account
(5,803)
11,877
Shareholders' funds
(5,703)
11,977
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.
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 7 October 2024 and were signed on its behalf by
Ataur RAHMAN
Director
Company Registration No. 13225584
SLS FUSION LTD
Notes to the Accounts
for the year ended 29 February 2024
SLS FUSION LTD is a private company, limited by shares, registered in England and Wales, registration number 13225584. The registered office is 139 WORPLESDON RD, STOUGHTON, GUILDFORD, GU2 9XA, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 for 5 years and Motor vehicles for 10 years both of them for reducing balance methods have been applied
Plant & machinery
Reducing balance method 20%
Motor vehicles
Reducing balance method 10%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
5,071
1,550
6,621
At 29 February 2024
5,071
1,550
6,621
At 1 March 2023
2,074
295
2,369
Charge for the year
599
251
850
At 29 February 2024
2,673
546
3,219
At 29 February 2024
2,398
1,004
3,402
At 28 February 2023
2,997
1,255
4,252
SLS FUSION LTD
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
1,817
Loans from directors
1,779
-
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).