SLB Enterprises Limited 14687156 false 2023-02-24 2024-03-31 2024-03-31 The principal activity of the company is operator of a McDonald's restaurant franchise Digita Accounts Production Advanced 6.30.9574.0 true true true 14687156 2023-02-24 2024-03-31 14687156 2024-03-31 14687156 bus:OrdinaryShareClass1 2024-03-31 14687156 bus:OrdinaryShareClass2 2024-03-31 14687156 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 14687156 core:CurrentFinancialInstruments 2024-03-31 14687156 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14687156 core:OtherResidualIntangibleAssets 2024-03-31 14687156 core:FurnitureFittingsToolsEquipment 2024-03-31 14687156 bus:SmallEntities 2023-02-24 2024-03-31 14687156 bus:AuditExemptWithAccountantsReport 2023-02-24 2024-03-31 14687156 bus:FilletedAccounts 2023-02-24 2024-03-31 14687156 bus:SmallCompaniesRegimeForAccounts 2023-02-24 2024-03-31 14687156 bus:RegisteredOffice 2023-02-24 2024-03-31 14687156 bus:Director1 2023-02-24 2024-03-31 14687156 bus:OrdinaryShareClass1 2023-02-24 2024-03-31 14687156 bus:OrdinaryShareClass2 2023-02-24 2024-03-31 14687156 bus:PrivateLimitedCompanyLtd 2023-02-24 2024-03-31 14687156 core:Goodwill 2023-02-24 2024-03-31 14687156 core:OtherResidualIntangibleAssets 2023-02-24 2024-03-31 14687156 core:FurnitureFittingsToolsEquipment 2023-02-24 2024-03-31 14687156 core:OfficeEquipment 2023-02-24 2024-03-31 14687156 core:PlantMachinery 2023-02-24 2024-03-31 14687156 1 2023-02-24 2024-03-31 14687156 countries:England 2023-02-24 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14687156

SLB Enterprises Limited

Unaudited Filleted Financial Statements

for the Period from 24 February 2023 to 31 March 2024

 

SLB Enterprises Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

SLB Enterprises Limited

Company Information

Director

Mr S L Brown

Registered office

32 High Street
Wall Heath
Kingswinford
West Midlands
DY6 0HB

Accountants

Munslows Accountants Ltd
Chartered Certified Accountants
32 High Street
Wall Heath
Kingswinford
West Midlands
DY6 0HB

 

SLB Enterprises Limited

(Registration number: 14687156)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Intangible assets

4

2,716

Tangible assets

5

23,422

Other financial assets

6

1,250

 

27,388

Current assets

 

Stocks

7

22,772

Debtors

8

47,134

Cash at bank and in hand

 

900,930

 

970,836

Creditors: Amounts falling due within one year

9

(749,422)

Net current assets

 

221,414

Total assets less current liabilities

 

248,802

Provisions for liabilities

(5,856)

Net assets

 

242,946

Capital and reserves

 

Called up share capital

10

100

Retained earnings

242,846

Shareholders' funds

 

242,946

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

SLB Enterprises Limited

(Registration number: 14687156)
Balance Sheet as at 31 March 2024

Approved and authorised by the director on 16 October 2024
 

.........................................
Mr S L Brown
Director

 

SLB Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
32 High Street
Wall Heath
Kingswinford
West Midlands
DY6 0HB

These financial statements were authorised for issue by the director on 16 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

SLB Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

Between 3 and 10 years straight line

Office equipment

3 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Stamp duty

Straight line over the length of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

SLB Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 143.

 

SLB Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 31 March 2024

4

Intangible assets

Stamp duty
 £

Total
£

Cost or valuation

Additions acquired separately

3,371

3,371

At 31 March 2024

3,371

3,371

Amortisation

Amortisation charge

655

655

At 31 March 2024

655

655

Carrying amount

At 31 March 2024

2,716

2,716

5

Tangible assets

Plant and equipment
 £

Total
£

Cost or valuation

Additions

24,729

24,729

At 31 March 2024

24,729

24,729

Depreciation

Charge for the period

1,307

1,307

At 31 March 2024

1,307

1,307

Carrying amount

At 31 March 2024

23,422

23,422

 

SLB Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 31 March 2024

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

1,250

1,250

At 31 March 2024

1,250

1,250

Impairment

Carrying amount

At 31 March 2024

1,250

1,250

7

Stocks

2024
£

Other inventories

22,772

8

Debtors

Current

2024
£

Trade debtors

712

Prepayments

46,422

 

47,134

9

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

277,499

Taxation and social security

275,657

Accruals and deferred income

41,971

Other creditors

154,295

749,422

 

SLB Enterprises Limited

Notes to the Unaudited Financial Statements for the Period from 24 February 2023 to 31 March 2024

10

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary A Shares of £1 each

75

75

Ordinary B Shares of £1 each

25

25

100

100

11

Controlling interest

The ultimate controlling party is Mr S L Brown.