Slick Parts Limited 05306697 selling car parts. false 1 January 2024 05306697 2024-01-01 2024-12-31 05306697 2023-12-31 05306697 2024-12-31 05306697 2023-01-01 2023-12-31 05306697 2022-12-31 05306697 2023-12-31 05306697 frs102-bus:FRS102 2024-01-01 2024-12-31 05306697 frs102-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05306697 frs102-bus:FullAccounts 2024-01-01 2024-12-31 05306697 frs102-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05306697 frs102-core:CurrentFinancialInstruments 2024-12-31 05306697 frs102-core:CurrentFinancialInstruments 2023-12-31 05306697 frs102-core:Non-currentFinancialInstruments 2024-12-31 05306697 frs102-core:Non-currentFinancialInstruments 2023-12-31 05306697 frs102-core:ShareCapital 2024-12-31 05306697 frs102-core:ShareCapital 2023-12-31 05306697 frs102-core:RetainedEarningsAccumulatedLosses 2024-12-31 05306697 frs102-core:RetainedEarningsAccumulatedLosses 2023-12-31 05306697 frs102-bus:Director1 2024-01-01 2024-12-31 05306697 frs102-core:FurnitureFittings 2024-01-01 2024-12-31 05306697 frs102-core:Vehicles 2024-01-01 2024-12-31 05306697 frs102-core:PlantMachinery 2024-01-01 2024-12-31 05306697 frs102-core:FurnitureFittings 2023-12-31 05306697 frs102-core:Vehicles 2023-12-31 05306697 frs102-core:PlantMachinery 2023-12-31 05306697 frs102-core:FurnitureFittings 2024-12-31 05306697 frs102-core:Vehicles 2024-12-31 05306697 frs102-core:PlantMachinery 2024-12-31 05306697 frs102-core:FurnitureFittings 2023-12-31 05306697 frs102-core:Vehicles 2023-12-31 05306697 frs102-core:PlantMachinery 2023-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
05306697
Slick Parts Limited
Unaudited Accounts
for the year ended
31 December 2024
Slick Parts Limited
Balance Sheet
as at 31 December 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 4 4,432 5,029
4,432 5,029
Current assets
Stocks 275,250 255,500
Cash at bank and in hand 17,115 20,497
292,365 275,997
Creditors: amounts falling due within one year 5 (103,335) (94,272)
Net current assets / (liabilities) 189,030 181,725
Total assets less current liabilities 193,462 186,754
Creditors: amounts falling due after more than one year 6 (136,366) (139,286)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 57,096 47,468
Capital and reserves
Called up share capital 100 100
Profit and loss account 56,996 47,368
Shareholders' funds 57,096 47,468

Slick Parts Limited
Balance Sheet
as at 31 December 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2024 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mr A Waheed

Director


Approved by the board on 18 February 2025

Company Number: 05306697 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Unit 1
Alfred Street
Oldham
OL9 6HE
England

Slick Parts Limited
Notes to the Accounts
for the year ended 31 December 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Fixtures & fittings 18% Reducing Balance
Vehicles 18% Reducing Balance
Plant & machinery 18% Reducing Balance
2. Profit or loss

Profit before tax is stated after charging the following:

2024

2023
£ £
Directors' remuneration 12,000 12,000

3. Employees
2024 2023
Average number of employees during the period 3 2

4. Tangible fixed assets
Fixtures & fittings Vehicles Plant & machinery Total
Cost or valuation £ £ £ £
At 1 January 2024 13,879 9,115 4,195 27,189
Additions 0 0 377 377
At 31 December 2024 13,879 9,115 4,572 27,566
Depreciation
At 1 January 2024 9,249 8,859 4,052 22,160
Charge for the period 835 45 94 974
At 31 December 2024 10,084 8,904 4,146 23,134
Net book value
At 31 December 2024 3,795 211 426 4,432
At 31 December 2023 4,630 256 143 5,029

5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 95,763 85,179
Taxation & social security 7,572 9,093
103,335 94,272

6. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 17,946 27,897
Other 118,420 111,389
136,366 139,286