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REGISTERED NUMBER: 11423314 (England and Wales)















SLR Automotive Surrey Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






SLR Automotive Surrey Limited (Registered number: 11423314)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SLR Automotive Surrey Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M W Everest
M J Roberts





REGISTERED OFFICE: 22 Catteshall Terrace
Catteshall Road
Godalming
Surrey
GU7 1LS





REGISTERED NUMBER: 11423314 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

SLR Automotive Surrey Limited (Registered number: 11423314)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,508 22,858

CURRENT ASSETS
Stocks 74,104 67,904
Debtors 5 56,151 51,955
Cash at bank 236,460 314,699
366,715 434,558
CREDITORS
Amounts falling due within one year 6 175,173 255,753
NET CURRENT ASSETS 191,542 178,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,050

201,663

PROVISIONS FOR LIABILITIES 14,627 4,686
NET ASSETS 235,423 196,977

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 235,421 196,975
235,423 196,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SLR Automotive Surrey Limited (Registered number: 11423314)

Balance Sheet - continued
30 June 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 11 March 2025 and were signed on its behalf by:





M J Roberts - Director


SLR Automotive Surrey Limited (Registered number: 11423314)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

SLR Automotive Surrey Limited 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Office equipment - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

SLR Automotive Surrey Limited (Registered number: 11423314)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 45,773 434 30,934 6,770 83,911
Additions 8,748 2,852 52,750 1,532 65,882
At 30 June 2024 54,521 3,286 83,684 8,302 149,793
DEPRECIATION
At 1 July 2023 35,705 434 20,240 4,674 61,053
Charge for year 7,040 713 20,921 1,558 30,232
At 30 June 2024 42,745 1,147 41,161 6,232 91,285
NET BOOK VALUE
At 30 June 2024 11,776 2,139 42,523 2,070 58,508
At 30 June 2023 10,068 - 10,694 2,096 22,858

SLR Automotive Surrey Limited (Registered number: 11423314)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 July 2023 19,715
Transfer to ownership (19,715 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 19,715
Transfer to ownership (19,715 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 25,922 26,271
Other debtors 30,229 25,684
56,151 51,955

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 2,544
Trade creditors 62,257 85,246
Taxation and social security 108,899 126,261
Other creditors 4,017 41,702
175,173 255,753