Company Registration No. 04744455 (England and Wales)
SLM Building & Decorating Contractors Limited
Unaudited accounts
for the year ended 31 May 2024
SLM Building & Decorating Contractors Limited
Unaudited accounts
Contents
SLM Building & Decorating Contractors Limited
Company Information
for the year ended 31 May 2024
Directors
Mr L J Crawley
Mr M P McDermott
Company Number
04744455 (England and Wales)
Registered Office
264 Grand Drive
Merton
London
SW20 9NE
Accountants
P K Shah & Co Ltd
205 Cat Hill
Barnet
London
EN4 8HS
SLM Building & Decorating Contractors Limited
Statement of financial position
as at 31 May 2024
Tangible assets
25,083
17,980
Cash at bank and in hand
729,398
811,130
Creditors: amounts falling due within one year
(266,534)
(211,611)
Net current assets
718,361
707,490
Total assets less current liabilities
743,444
725,470
Creditors: amounts falling due after more than one year
(11,261)
(21,448)
Net assets
732,183
704,022
Called up share capital
30
30
Profit and loss account
732,153
703,992
Shareholders' funds
732,183
704,022
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
Mr L J Crawley
Director
Company Registration No. 04744455
SLM Building & Decorating Contractors Limited
Notes to the Accounts
for the year ended 31 May 2024
SLM Building & Decorating Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 04744455. The registered office is 264 Grand Drive, Merton, London, SW20 9NE.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of services and goods is recognised when services and goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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 written down value
Motor vehicles
25% on written down value
Fixtures & fittings
25% on written down value
Computer equipment
25% on written down value
SLM Building & Decorating Contractors Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
3,024
30,400
1,969
17,707
53,100
Additions
-
15,463
-
-
15,463
At 31 May 2024
3,024
45,863
1,969
17,707
68,563
At 1 June 2023
2,956
17,153
1,778
13,233
35,120
Charge for the year
17
7,177
48
1,118
8,360
At 31 May 2024
2,973
24,330
1,826
14,351
43,480
At 31 May 2024
51
21,533
143
3,356
25,083
At 31 May 2023
68
13,247
191
4,474
17,980
Amounts falling due within one year
Trade debtors
206,616
65,342
Other debtors
44,831
39,329
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,229
9,978
Trade creditors
89,963
92,548
Taxes and social security
154,414
92,246
Other creditors
11,928
16,839
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
30 Ordinary shares of £1 each
30
30
9
Average number of employees
During the year the average number of employees was 7 (2023: 5).