S L Hotel Ltd
Registered number: 05136072
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 414,089 410,067
Current assets
Stocks 12,714 6,177
Debtors 4 719,190 551,743
Cash at bank and in hand 109,973 176,212
841,877 734,132
Creditors: amounts falling due within one year 5 (319,256) (270,192)
Net current assets 522,621 463,940
Total assets less current liabilities 936,710 874,007
Creditors: amounts falling due after more than one year 6 - (5,485)
Provisions for liabilities (58,951) (58,951)
Net assets 877,759 809,571
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 827,759 759,571
Shareholders' funds 877,759 809,571
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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.
Mrs N Wedgwood
Director
Approved by the board on 15 December 2024
S L Hotel Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10 % reducing balance
Motor vehicles 25 % reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 22
3 Tangible fixed assets
Leasehold Professional Costs Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 25,025 554,458 21,975 601,458
Additions - 48,121 - 48,121
At 30 April 2024 25,025 602,579 21,975 649,579
Depreciation
At 1 May 2023 - 174,631 16,760 191,391
Charge for the year - 42,795 1,304 44,099
At 30 April 2024 - 217,426 18,064 235,490
Net book value
At 30 April 2024 25,025 385,153 3,911 414,089
At 30 April 2023 25,025 379,827 5,215 410,067
4 Debtors 2024 2023
£ £
Trade debtors 67,171 62,211
Other debtors 652,019 489,532
719,190 551,743
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 3,750
Trade creditors 101,766 127,868
Corporation tax 74,271 30,080
Other taxes and social security costs 105,440 73,402
Other creditors 37,779 35,092
319,256 270,192
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 5,485
7 Other information
S L Hotel Ltd is a private company limited by shares and incorporated in England. Its registered office is:
South Lawn Hotel
Lymington Road
Milford on Sea
SO41 0RF
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