Company Registration No. 12310126 (England and Wales)
WIN SL DEVELOPMENTS LIMITED
Unaudited accounts
for the year ended 31 October 2023
WIN SL DEVELOPMENTS LIMITED
Unaudited accounts
Contents
WIN SL DEVELOPMENTS LIMITED
Company Information
for the year ended 31 October 2023
Directors
Mr Gurjeet Singh Dhillon
Mr Manga Singh Dhillon
Company Number
12310126 (England and Wales)
Registered Office
Unit B Endeavour Park
London Road
Addington West Malling
Kent
ME19 5SH
WIN SL DEVELOPMENTS LIMITED
Statement of financial position
as at 31 October 2023
Inventories
2,032,451
5,427,069
Cash at bank and in hand
1,192
1,192
Creditors: amounts falling due within one year
(241,656)
(964,365)
Net current assets
1,967,204
4,475,217
Total assets less current liabilities
1,967,204
4,475,217
Creditors: amounts falling due after more than one year
(2,035,899)
(5,100,813)
Net liabilities
(68,695)
(625,596)
Called up share capital
6
6
Profit and loss account
(68,701)
(625,602)
Shareholders' funds
(68,695)
(625,596)
For the year ending 31 October 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Mr Manga Singh Dhillon
Director
Company Registration No. 12310126
WIN SL DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
WIN SL DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12310126. The registered office is Unit B Endeavour Park, London Road, Addington West Malling, Kent, ME19 5SH.
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.
Amounts falling due within one year
Amounts falling due after more than one year
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,208
535,623
Trade creditors
12,198
411,672
Other creditors
221,250
9,570
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
73,677
3,303,391
Other creditors
1,962,222
1,797,422
The company has a drawdown loan facility with Paragon Development Finance Limited. The drawdown facility is repayable on demand. Paragon Development Finance Limited loan securities have both fixed and floating charges against the assets of the company. The balance on development finance at the end of October 2023 is £73,677. The interest rate charged is at 6.2% per annum.
WIN SL DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
The company has no parent or ultimate holding company or other controlling party.
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).