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COMPANY REGISTRATION NUMBER: 05953125
SLM CONTRACTORS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 October 2024
SLM CONTRACTORS LIMITED
STATEMENT OF FINANCIAL POSITION
30 October 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Debtors
5
68,450
70,649
Cash at bank and in hand
12,649
--------
--------
68,450
83,298
CREDITORS: amounts falling due within one year
6
78,694
87,686
--------
--------
NET CURRENT LIABILITIES
10,244
4,388
--------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 10,244)
( 4,388)
CREDITORS: amounts falling due after more than one year
7
6,417
13,417
--------
--------
NET LIABILITIES
( 16,661)
( 17,805)
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
2
2
Profit and loss account
( 16,663)
( 17,807)
--------
--------
SHAREHOLDERS DEFICIT
( 16,661)
( 17,805)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SLM CONTRACTORS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 October 2024
These financial statements were approved by the board of directors and authorised for issue on 21 July 2025 , and are signed on behalf of the board by:
Mr S L Mason Director
Company registration number: 05953125
SLM CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 OCTOBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 East Avenue, Burton Latimer, Kettering, Northamptonshire, NN15 5PF.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the director and creditors. On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. DEBTORS
2024
2023
£
£
Trade debtors
10,204
19,525
Other debtors
58,246
51,124
--------
--------
68,450
70,649
--------
--------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,105
7,000
Trade creditors
62,314
58,564
Corporation tax
508
Social security and other taxes
3,508
9,581
Other creditors
3,259
12,541
--------
--------
78,694
87,686
--------
--------
7. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,417
13,417
-------
--------
8. RELATED PARTY TRANSACTIONS
During the period the company undertook the following transactions with related parties: The director has advanced monies to the company. At 2024 the amount due from the company was £1 (2023 - £6,110).
9. GOING CONCERN
The director has considered the period to 31 July 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.