Company registration number 05166897 (England and Wales)
SLM TRADING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
SLM TRADING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SLM TRADING LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
3
20,000
20,000
Investments
4
30,001
30,001
50,001
50,001
Current assets
Debtors
5
25,216
25,192
Cash at bank and in hand
6,019
6,115
31,235
31,307
Creditors: amounts falling due within one year
6
(31,488)
(29,558)
Net current (liabilities)/assets
(253)
1,749
Total assets less current liabilities
49,748
51,750
Capital and reserves
Called up share capital
7
3,200
3,200
Share premium account
198,000
198,000
Profit and loss reserves
(151,452)
(149,450)
Total equity
49,748
51,750

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 March 2025
A P Neail
Director
Company Registration No. 05166897
SLM TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

SLM Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is 166 College Road, Harrow, Middlesex, HA1 1RA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss account.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and preference shares that are classified as debt, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

SLM TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
1
1
3
Investment property
2024
£
Fair value
At 1 July 2023 and 30 June 2024
20,000

In the opinion of the director, there has been no significant change in the market value of the property as at the balance sheet date.

 

The historical cost for the investment property included in the valuation above is £17,300.

4
Fixed asset investments
2024
2023
£
£
Investments
30,001
30,001
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 July 2023 & 30 June 2024
30,001
Carrying amount
At 30 June 2024
30,001
At 30 June 2023
30,001
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
25,216
25,192
SLM TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
216
2,881
Other creditors
31,272
26,677
31,488
29,558
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
120,000
120,000
1,200
1,200
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of 10p each
20,000
20,000
2,000
2,000
Preference shares classified as equity
2,000
2,000
Total equity share capital
3,200
3,200
8
Related party transactions

Included in other debtors, is an amount of £25,000 (2023: £25,000) owed by San Trading Limited, a company where Mr A P Neail is also a director.

 

Included within other creditors, is an amount of £29,832 (2023: £25,597) due to the director at the balance sheet date.

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