Registered number
12762171
SLDonaldson Ltd
Filleted Accounts
31 July 2024
SLDonaldson Ltd
Registered number: 12762171
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 130,310 130,411
Current assets
Debtors 4 51 42
Cash at bank and in hand 3,530 5,793
3,581 5,835
Creditors: amounts falling due within one year 5 (41,477) (43,209)
Net current liabilities (37,896) (37,374)
Total assets less current liabilities 92,414 93,037
Creditors: amounts falling due after more than one year 6 (84,753) (82,898)
Provisions for liabilities (58) (77)
Net assets 7,603 10,062
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,602 10,061
Shareholder's funds 7,603 10,062
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.
SL Donaldson
Director
Approved by the board on 23 April 2025
SLDonaldson Ltd
Notes to the Accounts
for the year ended 31 July 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 over 5-10 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Current tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 130,005 541 130,546
At 31 July 2024 130,005 541 130,546
Depreciation
At 1 August 2023 - 135 135
Charge for the year - 101 101
At 31 July 2024 - 236 236
Net book value
At 31 July 2024 130,005 305 130,310
At 31 July 2023 130,005 406 130,411
4 Debtors 2024 2023
£ £
Other debtors 51 42
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 2,332
Taxation and social security costs - 695
Other creditors 41,477 40,182
41,477 43,209
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 84,753 82,898
7 Controlling party
The company is controlled by the director: S Donaldson.
8 Other information
SLDonaldson Ltd is a private company limited by shares and incorporated in England. Its registered office is:
323 Wootton Road
King's Lynn
Norfolk
PE30 3AX
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