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Company Registration No. 07037298 (England and Wales)
Slabs 2 U Limited Unaudited accounts for the year ended 31 October 2024
Slabs 2 U Limited Unaudited accounts Contents
Page
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Slabs 2 U Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,028 
12,821 
Current assets
Inventories
125,000 
150,000 
Debtors
35,968 
26,522 
Cash at bank and in hand
33,426 
2,446 
194,394 
178,968 
Creditors: amounts falling due within one year
(72,442)
(71,371)
Net current assets
121,952 
107,597 
Total assets less current liabilities
134,980 
120,418 
Creditors: amounts falling due after more than one year
(145,377)
(143,771)
Net liabilities
(10,397)
(23,353)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(11,397)
(24,353)
Shareholders' funds
(10,397)
(23,353)
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by
Mrs C Edwards Director Company Registration No. 07037298
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Slabs 2 U Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Slabs 2 U Limited is a private company, limited by shares, registered in England and Wales, registration number 07037298. The registered office is Unit 2-3 Whimsey Road, Steam Mills, Cinderford, Glos, GL14 3JA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
7,642 
20,135 
21,582 
49,359 
Additions
- 
5,460 
2,587 
8,047 
At 31 October 2024
7,642 
25,595 
24,169 
57,406 
Depreciation
At 1 November 2023
6,322 
14,937 
15,279 
36,538 
Charge for the year
440 
4,212 
3,188 
7,840 
At 31 October 2024
6,762 
19,149 
18,467 
44,378 
Net book value
At 31 October 2024
880 
6,446 
5,702 
13,028 
At 31 October 2023
1,320 
5,198 
6,303 
12,821 
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Slabs 2 U Limited Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
974 
5,501 
Trade debtors
15,826 
19,157 
Accrued income and prepayments
19,168 
117 
Other debtors
- 
1,747 
35,968 
26,522 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,080 
21,650 
VAT
- 
6,639 
Trade creditors
18,871 
- 
Taxes and social security
614 
- 
Other creditors
- 
289 
Loans from directors
41,443 
41,443 
Accruals
1,434 
1,350 
72,442 
71,371 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
145,377 
143,771 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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