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REGISTERED NUMBER: 12015880 (England and Wales)














The Slanted Door Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






The Slanted Door Ltd (Registered number: 12015880)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


The Slanted Door Ltd

Company Information
for the Year Ended 31 May 2024







Directors: J P Regis
O J Regis





Registered office: 7 Swan Court
Cygnet Park, Hampton
Peterborough
England
PE7 8GX





Business address: 43 St Mary's Street
Stamford
Lincolnshire
PE9 2DS





Registered number: 12015880 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Slanted Door Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Slanted Door Ltd for the year ended 31 May 2024 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Slanted Door Ltd, as a body, in accordance with the terms of our engagement letter dated 8 July 2020. Our work has been undertaken solely to prepare for your approval the financial statements of The Slanted Door Ltd and state those matters that we have agreed to state to the Board of Directors of The Slanted Door Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Slanted Door Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Slanted Door Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Slanted Door Ltd. You consider that The Slanted Door Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Slanted Door Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


25 February 2025

The Slanted Door Ltd (Registered number: 12015880)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 158,021 156,860

Current assets
Stocks 12,000 5,950
Debtors 6 8,440 2,996
Cash at bank and in hand 4,203 7,944
24,643 16,890
Creditors
Amounts falling due within one year 7 64,941 54,777
Net current liabilities (40,298 ) (37,887 )
Total assets less current liabilities 117,723 118,973

Creditors
Amounts falling due after more than one
year

8

31,117

31,139
Net assets 86,606 87,834

Capital and reserves
Called up share capital 5 5
Long term loan capital 100,000 100,000
Retained earnings (13,399 ) (12,171 )
86,606 87,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Slanted Door Ltd (Registered number: 12015880)

Statement of Financial Position - continued
31 May 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:




J P Regis - Director



O J Regis - Director


The Slanted Door Ltd (Registered number: 12015880)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. Statutory information

The Slanted Door Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% straight line, land no depreciation
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

The Slanted Door Ltd (Registered number: 12015880)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 13 (2023 - 15 ) .

5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 June 2023 178,981 3,917 182,898
Additions - 7,301 7,301
At 31 May 2024 178,981 11,218 190,199
Depreciation
At 1 June 2023 25,059 979 26,038
Charge for year 3,580 2,560 6,140
At 31 May 2024 28,639 3,539 32,178
Net book value
At 31 May 2024 150,342 7,679 158,021
At 31 May 2023 153,922 2,938 156,860

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Card sale debtors 3,431 -
Other debtors 1,681 750
Deferred tax asset 2,028 935
Prepayments 1,300 1,311
8,440 2,996

The Slanted Door Ltd (Registered number: 12015880)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 4,716 3,948
Trade creditors 14,670 25,670
Social security and other taxes 1,263 1,346
VAT 12,450 11,734
Other creditors 25,188 5,095
Pension payable 358 -
Accrued expenses 6,296 6,984
64,941 54,777

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans due between 1 and 5 years 15,791 19,738
Bank loans due in more than 5 years 15,326 11,401
31,117 31,139

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years 15,326 11,401