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Registered number: 10721870
Slaters Of Kingswinford Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
B&L Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10721870
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,800 -
Tangible Assets 5 4,644 6,192
15,444 6,192
CURRENT ASSETS
Debtors 6 - 8,229
Cash at bank and in hand 773 371
773 8,600
Creditors: Amounts Falling Due Within One Year 7 (8,543 ) (3,264 )
NET CURRENT ASSETS (LIABILITIES) (7,770 ) 5,336
TOTAL ASSETS LESS CURRENT LIABILITIES 7,674 11,528
Creditors: Amounts Falling Due After More Than One Year 8 (9,030 ) (12,059 )
NET LIABILITIES (1,356 ) (531 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (1,358 ) (533 )
SHAREHOLDERS' FUNDS (1,356) (531)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gareth Page
Director
08/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Slaters Of Kingswinford Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10721870 . The registered office is 32 Market Street, Kingswinford, West Midlands, DY6 9JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 -
Additions 12,000
As at 30 April 2024 12,000
Amortisation
As at 1 May 2023 -
Provided during the period 1,200
As at 30 April 2024 1,200
Net Book Value
As at 30 April 2024 10,800
As at 1 May 2023 -
Page 3
Page 4
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 15,480
As at 30 April 2024 15,480
Depreciation
As at 1 May 2023 9,288
Provided during the period 1,548
As at 30 April 2024 10,836
Net Book Value
As at 30 April 2024 4,644
As at 1 May 2023 6,192
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 8,229
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62 119
Corporation tax (200 ) (200 )
Other taxes and social security - 1,789
Net wages 1,946 1,491
Other creditors 1,149 60
Director's loan account 5,586 5
8,543 3,264
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,030 12,059
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4