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Registered Number: 07529902


 

 

 

SLR SUPPLIES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 127,265    104,206 
127,265    104,206 
Current assets      
Stocks 4 365,845    434,973 
Debtors 5 328,513    367,308 
Cash at bank and in hand 80,366    44,313 
774,724    846,594 
Creditors: amount falling due within one year 6 (553,601)   (593,317)
Net current assets 221,123    253,277 
 
Total assets less current liabilities 348,388    357,483 
Creditors: amount falling due after more than one year 7   (20,000)
Net assets 348,388    337,483 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 348,288    337,383 
Shareholders' funds 348,388    337,483 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 January 2025 and were signed on its behalf by:


-------------------------------
Lyes AMARA
Director
1
General Information
SLR SUPPLIES LTD is a private company, limited by shares, registered in , registration number 07529902, registration address Unit 3 The Orbital Centre, Southend Road, Woodford Green, Essex, IG8 8HH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 5 Straight Line
Plant and Machinery 5 Straight Line
Motor Vehicles 5 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 40 (2023 : 46).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 March 2023 201,977    198,426      400,403 
Additions     53,765    53,765 
Disposals      
At 29 February 2024 201,977    198,426    53,765    454,168 
Depreciation
At 01 March 2023 143,919    152,278      296,197 
Charge for year 19,353    11,353      30,706 
On disposals      
At 29 February 2024 163,272    163,631      326,903 
Net book values
Closing balance as at 29 February 2024 38,705    34,795    53,765    127,265 
Opening balance as at 01 March 2023 58,058    46,148      104,206 


4.

Stocks

2024
£
  2023
£
Stocks 365,845    434,973 
365,845    434,973 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 298,478    353,308 
Prepayments & Accrued Income 12,400    14,000 
VAT 17,635   
328,513    367,308 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 535,678    547,005 
Corporation Tax 2,606   
PAYE & Social Security 17,362    15,023 
Wages & Salaries Control Account (2,045)   5,955 
VAT   25,334 
553,601    593,317 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Directors' Loan Accounts   20,000 
  20,000 

8.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2