Company Registration No. 8931660 (England and Wales)
Slow Down Limited
Unaudited accounts
for the year ended 31 March 2024
Slow Down Limited
Unaudited accounts
Contents
Slow Down Limited
Company Information
for the year ended 31 March 2024
Company Number
8931660 (England and Wales)
Registered Office
Bon Volks
Park Lane
Margate
Kent
CT9 1RQ
Accountants
Meades Accounting Limited
Mill Lane House
Mill Lane
Margate
CT9 1LB
Slow Down Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
15,059
64,227
Creditors: amounts falling due within one year
(7,045)
(27,549)
Net current assets
7,753
27,157
Called up share capital
1
1
Profit and loss account
7,985
27,624
Shareholders' funds
7,986
27,625
For the year ending 31 March 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 23 October 2024 and were signed on its behalf by
D Whitehouse
Director
Company Registration No. 8931660
Slow Down Limited
Notes to the Accounts
for the year ended 31 March 2024
Slow Down Limited is a private company, limited by shares, registered in England and Wales, registration number 8931660. The registered office is Bon Volks, Park Lane, Margate, Kent, CT9 1RQ.
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
25% on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,146
1,942
3,088
At 31 March 2024
1,146
1,942
3,088
At 1 April 2023
678
1,942
2,620
Charge for the year
235
-
235
At 31 March 2024
913
1,942
2,855
At 31 March 2024
233
-
233
At 31 March 2023
468
-
468
Slow Down Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Other debtors
(290)
(15,371)
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,708
27,345
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Balance outstanding at start of year
5,962
-
-
5,962
Amounts advanced
29,137
-
-
29,137
Amounts repaid
(35,825)
-
-
(35,825)
The above loan is interest free, repayable on demand and is unsecured.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).