Company registration number 14525999 (England and Wales)
SLIM AT HOME LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SLIM AT HOME LTD
CONTENTS
Page
Directors' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
SLIM AT HOME LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mrs C A Andrews
Charlotte Norton
Mr D Standing
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr D Standing
Director
10 June 2025
SLIM AT HOME LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
301,287
285,551
Tangible assets
5
31,368
5,606
332,655
291,157
Current assets
Stocks
6
460,000
20,000
Debtors
7
633,008
75,460
Cash at bank and in hand
32,105
54,836
1,125,113
150,296
Creditors: amounts falling due within one year
8
(1,087,589)
(308,115)
Net current assets/(liabilities)
37,524
(157,819)
Net assets
370,179
133,338
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
370,079
133,238
Total equity
370,179
133,338
SLIM AT HOME LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
Mrs C A Andrews
Charlotte Norton
Director
Director
Mr D Standing
Director
Company registration number 14525999 (England and Wales)
SLIM AT HOME LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information
Slim at home ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Xeinadin First Floor Secure House, Lulworth Close, Chandler's Ford, Southampton, Hampshire, England, SO53 3TL.
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 £.
1.2
Turnover
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant & Machinery - 15% Reducing Balance
Office Equipment - 25% Reducing Balance
Computer Software - 10% Straight Line
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
SLIM AT HOME LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.7
Retirement benefits
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.
1.8
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
28
22
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
107,618
49,357
SLIM AT HOME LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
320,243
Additions
53,067
At 31 December 2024
373,310
Amortisation and impairment
At 1 January 2024
34,692
Amortisation charged for the year
37,331
At 31 December 2024
72,023
Carrying amount
At 31 December 2024
301,287
At 31 December 2023
285,551
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
6,282
Additions
29,715
At 31 December 2024
35,997
Depreciation and impairment
At 1 January 2024
676
Depreciation charged in the year
3,953
At 31 December 2024
4,629
Carrying amount
At 31 December 2024
31,368
At 31 December 2023
5,606
6
Stocks
2024
2023
£
£
Stocks
460,000
20,000
SLIM AT HOME LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,688
Other debtors
604,483
64,074
Prepayments and accrued income
28,525
8,698
633,008
75,460
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
737,455
194,123
Corporation tax
118,362
49,357
Other taxation and social security
2,603
Other creditors
231,772
62,032
1,087,589
308,115
9
Related party transactions
A limited liability partnership in which the Directors D Standing and J Steel are participating partners.
Included in the Consulting overhead are Consulting fees of £ 21,905.08 payable to Bioidentical
Hormone Therapy Ltd. A company in which the Directors D Standing, M Kinsella, C Andrews and C
Norton is also a director and shareholder.
10
Directors' transactions
Dividends totalling £0 (2023 - £0) were paid in the year in respect of shares held by the company's directors.
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mrs Charlotte Norton
-
1,589
9,359
-
10,948
Mr D Standing
-
50,154
173,563
(6,000)
217,717
51,743
182,922
(6,000)
228,665