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SLIK SCREENERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SLIK SCREENERS LIMITED (REGISTERED NUMBER: 00755033)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SLIK SCREENERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S C Gott
O P Gott
Mrs C Gott





REGISTERED OFFICE: Units 6-7 Eagle Road
Quarryhill Industrial Estate
Ilkeston
DE7 4RB





REGISTERED NUMBER: 00755033 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

SLIK SCREENERS LIMITED (REGISTERED NUMBER: 00755033)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,927 160,013

CURRENT ASSETS
Stocks 10,439 13,287
Debtors 5 105,711 191,505
Cash at bank 37,125 55,671
153,275 260,463
CREDITORS
Amounts falling due within one year 6 97,461 216,507
NET CURRENT ASSETS 55,814 43,956
TOTAL ASSETS LESS CURRENT LIABILITIES 199,741 203,969

CREDITORS
Amounts falling due after more than one
year

7

(28,698

)

(39,755

)

PROVISIONS FOR LIABILITIES 9 (27,300 ) (30,400 )
NET ASSETS 143,743 133,814

CAPITAL AND RESERVES
Called up share capital 10 2,100 2,100
Retained earnings 141,643 131,714
SHAREHOLDERS' FUNDS 143,743 133,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SLIK SCREENERS LIMITED (REGISTERED NUMBER: 00755033)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





S C Gott - Director


SLIK SCREENERS LIMITED (REGISTERED NUMBER: 00755033)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Slik Screeners 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. 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 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.
Improvements to property - 20% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

SLIK SCREENERS LIMITED (REGISTERED NUMBER: 00755033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 6,340 731,328 20,422 7,500 765,590
DEPRECIATION
At 1 April 2023 6,340 572,909 19,391 6,937 605,577
Charge for year - 15,842 103 141 16,086
At 31 March 2024 6,340 588,751 19,494 7,078 621,663
NET BOOK VALUE
At 31 March 2024 - 142,577 928 422 143,927
At 31 March 2023 - 158,419 1,031 563 160,013

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 98,118 184,552
Other debtors 7,593 6,953
105,711 191,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,558 5,556
Hire purchase contracts 5,651 15,436
Trade creditors 31,656 46,933
Taxation and social security 32,703 45,113
Other creditors 21,893 103,469
97,461 216,507

SLIK SCREENERS LIMITED (REGISTERED NUMBER: 00755033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,698 34,259
Hire purchase contracts - 5,496
28,698 39,755

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,466 12,036

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 5,651 20,932

Assets financed under hire purchase agreements are secured on the individual assets concerned.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,300 30,400

Deferred
tax
£   
Balance at 1 April 2023 30,400
Provided during year (3,100 )
Balance at 31 March 2024 27,300

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary £1.00 2,000 2,000
100 Ordinary B £1.00 100 100
2,100 2,100

SLIK SCREENERS LIMITED (REGISTERED NUMBER: 00755033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £68,000 (2023 - £102,000).