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REGISTERED NUMBER: 03019171 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SLOANER LIMITED

SLOANER LIMITED (REGISTERED NUMBER: 03019171)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SLOANER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr A Thomas
Mr T Thomas





SECRETARY: Mr A J Thomas





REGISTERED OFFICE: 73a Victoria Street
Westminster
London
SW1H 0HW





REGISTERED NUMBER: 03019171 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

SLOANER LIMITED (REGISTERED NUMBER: 03019171)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 74,716 88,204

CURRENT ASSETS
Inventories 5 32,010 31,075
Debtors 6 2,388,138 2,435,532
Cash at bank and in hand 158,102 154,695
2,578,250 2,621,302
CREDITORS
Amounts falling due within one year 7 236,142 169,338
NET CURRENT ASSETS 2,342,108 2,451,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,416,824

2,540,168

CREDITORS
Amounts falling due after more than one
year

8

(10,682

)

(20,753

)

PROVISIONS FOR LIABILITIES 9 (12,073 ) (13,071 )
NET ASSETS 2,394,069 2,506,344

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,393,969 2,506,244
SHAREHOLDERS' FUNDS 2,394,069 2,506,344

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

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

SLOANER LIMITED (REGISTERED NUMBER: 03019171)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mr A Thomas - Director


SLOANER LIMITED (REGISTERED NUMBER: 03019171)

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


1. STATUTORY INFORMATION

Sloaner 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.

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
Revenue 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.
Long leasehold - Straight line over 8 years
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Inventories 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 Income Statement, 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.

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 15 (2023 - 14 ) .

SLOANER LIMITED (REGISTERED NUMBER: 03019171)

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


4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Long to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1 June 2023 69,935 109,587 741,343 158,025 1,078,890
Additions - - 373 - 373
At 31 May 2024 69,935 109,587 741,716 158,025 1,079,263
DEPRECIATION
At 1 June 2023 38,844 75,103 734,984 141,755 990,686
Charge for year 4,662 3,448 1,683 4,068 13,861
At 31 May 2024 43,506 78,551 736,667 145,823 1,004,547
NET BOOK VALUE
At 31 May 2024 26,429 31,036 5,049 12,202 74,716
At 31 May 2023 31,091 34,484 6,359 16,270 88,204

5. INVENTORIES
31.5.24 31.5.23
£    £   
Stocks 32,010 31,075

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 24,000 24,000
Related party 2,348,783 2,398,783
Prepayments 15,355 12,749
2,388,138 2,435,532

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 9,945 9,994
Trade creditors 42,629 59,544
Taxation and social security 100,288 85,433
Other creditors 83,280 14,367
236,142 169,338

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,682 20,753

SLOANER LIMITED (REGISTERED NUMBER: 03019171)

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


9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 12,073 13,071

Deferred
tax
£   
Balance at 1 June 2023 13,071
Provided during year (998 )
Balance at 31 May 2024 12,073