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COMPANY REGISTRATION NUMBER: 06811173
SRLCO Limited
Filleted Unaudited Abridged Financial Statements
29 February 2024
SRLCO Limited
Abridged Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
86,863
6,121
Current assets
Debtors
5,258
19,116
Cash at bank and in hand
226,650
248,015
---------
---------
231,908
267,131
Creditors: amounts falling due within one year
77,016
120,686
---------
---------
Net current assets
154,892
146,445
---------
---------
Total assets less current liabilities
241,755
152,566
Provisions
Taxation including deferred tax
16,504
1,163
---------
---------
Net assets
225,251
151,403
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
225,151
151,303
---------
---------
Shareholders funds
225,251
151,403
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 29 February 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 abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.
SRLCO Limited
Abridged Statement of Financial Position (continued)
29 February 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 18 November 2024 , and are signed on behalf of the board by:
Mr S G Rushton
Director
Company registration number: 06811173
SRLCO Limited
Notes to the Abridged Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 King Street, Knutsford, Cheshire, WA16 6DW, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover represents the amounts invoiced or otherwise earned, excluding Value Added Tax, by way of commissions and fees receivable. Turnover is recognised on a strict time basis at the point at which the unconditional right to consideration is obtained.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods and is measured at the amounts of tax expected to be payable or recoverable using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Office equipment
-
20% reducing balance
Defined contribution plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Tangible assets
£
Cost
At 1 March 2023
21,496
Additions
99,649
---------
At 29 February 2024
121,145
---------
Depreciation
At 1 March 2023
15,375
Charge for the year
18,907
---------
At 29 February 2024
34,282
---------
Carrying amount
At 29 February 2024
86,863
---------
At 28 February 2023
6,121
---------