REGISTERED NUMBER: 06034481 (England and Wales)

SLCC ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R B Smith

Mr A J Keppel-Green

Ms H Ball

REGISTERED OFFICE:

Suite 2.01

Collar Factory

112 St Augustine Street

Taunton

Somerset

TA1 1QN

REGISTERED NUMBER:

06034481 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Tangible assets

4

7,881

10,782

CURRENT ASSETS

Stocks

5

20,863

18,125

Debtors

6

199,693

378,599

Cash at bank

29,960

238,752

250,516

635,476

CREDITORS

Amounts falling due within one year

7

145,470

533,799

NET CURRENT ASSETS

105,046

101,677

TOTAL ASSETS LESS CURRENT LIABILITIES

112,927

112,459

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Retained earnings

102,927

102,459

SHAREHOLDER FUNDS

112,927

112,459

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.

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

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 23 May 2025 and were signed on its behalf by:

Mr R B Smith - Director

1.	STATUTORY INFORMATION

SLCC Enterprises Limited 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover

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

For the sale of of goods, revenue is recognised when all the following conditions are satisfied:

-

the entity has transferred to the buyer the significant risks and rewards of ownership of the goods;

-

the entity retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-

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.

For the provision of services, revenue is recognised when all the following conditions are satisfied:

-

the amount of revenue can be measured reliably;

-

it is probable that the economic benefits associated with the transaction will flow to the entity;

-

the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

-

the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Conference equipment

-

33% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slowing moving items. Cost is determined using First In First Out methodology.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Conference

equipment

£

COST

At 1 January 2024

60,097

Additions

8,400

At 31 December 2024

68,497

DEPRECIATION

At 1 January 2024

49,315

Charge for year

11,301

At 31 December 2024

60,616

NET BOOK VALUE

At 31 December 2024

7,881

At 31 December 2023

10,782

5.

STOCKS

2024

2023

£

£

Conference consumables

10,617

3,000

Publications stock

10,246

15,020

Franking machine

-

105

20,863

18,125

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

158,110

364,849

Other debtors

-

13,750

Prepayments

41,583

-

199,693

378,599

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

12,867

7,433

Amounts owed to group undertakings

29,170

416,484

Corporation tax

-

63

VAT

18,705

34,490

Other creditors

2,208

2,957

Accruals and deferred income

82,520

72,372

145,470

533,799

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

7,789

9,469

Between one and five years

21,420

29,209

29,209

38,678

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10,000

Ordinary share capital

£1

10,000

10,000