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REGISTERED NUMBER: 07659812 (England and Wales)










Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Slate Clothing Ltd

Slate Clothing Ltd (Registered number: 07659812)






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




Page

Company Information 1

Report of the Directors 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Slate Clothing Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Aspey
Mrs G M Aspey
E G Aspey





REGISTERED OFFICE: The Old Bake House
Kennel Lane
Broadway
Worcestershire
WR12 7DJ





REGISTERED NUMBER: 07659812 (England and Wales)





ACCOUNTANTS: Attwoods
Chartered Certified Accountants
90-92 High Street
Evesham
Worcestershire
WR11 4EU

Slate Clothing Ltd (Registered number: 07659812)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of womens clothing and shoe shops.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

J Aspey
Mrs G M Aspey
E G Aspey

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Aspey - Director


6 May 2025

Slate Clothing Ltd (Registered number: 07659812)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,343 6,372
Tangible assets 5 35,537 42,816
36,880 49,188

CURRENT ASSETS
Stocks 279,931 237,002
Debtors 46,391 48,735
Cash at bank and in hand 556,393 652,401
882,715 938,138
CREDITORS
Amounts falling due within one year 198,502 241,463
NET CURRENT ASSETS 684,213 696,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,093

745,863

PROVISIONS FOR LIABILITIES 8,884 10,062
NET ASSETS 712,209 735,801

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 711,209 734,801
SHAREHOLDERS' FUNDS 712,209 735,801

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Slate Clothing Ltd (Registered number: 07659812)

Abridged Balance Sheet - continued
31 December 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 May 2025 and were signed on its behalf by:




J Aspey - Director Mrs G M Aspey - Director




E G Aspey - Director


Slate Clothing Ltd (Registered number: 07659812)

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

1. STATUTORY INFORMATION

Slate Clothing 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website Development are being amortised evenly over their estimated useful life of fifty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
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.


Slate Clothing Ltd (Registered number: 07659812)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 45,960
AMORTISATION
At 1 January 2024 39,588
Amortisation for year 5,029
At 31 December 2024 44,617
NET BOOK VALUE

At 31 December 2024 1,343
At 31 December 2023 6,372

Slate Clothing Ltd (Registered number: 07659812)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 164,848
Additions 3,083
Disposals (3,885 )
At 31 December 2024 164,046
DEPRECIATION
At 1 January 2024 122,032
Charge for year 10,232
Eliminated on disposal (3,755 )
At 31 December 2024 128,509
NET BOOK VALUE
At 31 December 2024 35,537
At 31 December 2023 42,816

6. OPERATING LEASE COMMITMENTS

Within the next twelve months the rental commitments on these five properties is £158,820 (2023: £158,669)

7. ULTIMATE CONTROLLING PARTY

The controlling party is Risk Analysis Holdings Limited.

The ultimate controlling party is Mr J Aspey and Mrs G Aspey.