Slade Kitchens Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05040392

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		235,021		259,198

			235,021		259,198
CURRENT ASSETS
Stocks	5	43,200		42,922
Debtors	6	102,435		75,746
Cash at bank and in hand		236,884		157,818

		382,519		276,486
Creditors: Amounts Falling Due Within One Year	7	(369,892 )		(302,733 )

NET CURRENT ASSETS (LIABILITIES)			12,627		(26,247 )

TOTAL ASSETS LESS CURRENT LIABILITIES			247,648		232,951

Creditors: Amounts Falling Due After More Than One Year	8		(17,690 )		(38,918 )

NET ASSETS			229,958		194,033

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			229,956		194,031

SHAREHOLDERS' FUNDS			229,958		194,033

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Slade Kitchens Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Barrie Greenslade Director	Mrs Alison Greenslade Director
14 November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Slade Kitchens Limited Registered number 05040392 is a limited by shares company incorporated in England & Wales. The Registered Office is Keedwells Yard Commerce Way, Walrow Industrial Estate, Highbridge, Somerset, TA9 4AG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% straight line
Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Office Equipment	20% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The Corporation Tax expense represents the sum of the tax currently payable, based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

3. Average Number of Employees

The average number of employees, including directors, during the year was as follows: 14 (2024: 14)

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Slade Kitchens Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	35,223	540,335	62,358	10,628	648,544
Additions	-	2,450	27,255	1,631	31,336

As at 31 March 2025	35,223	542,785	89,613	12,259	679,880

Depreciation
As at 1 April 2024	35,223	323,670	27,916	2,537	389,346
Provided during the period	-	43,823	9,746	1,944	55,513

As at 31 March 2025	35,223	367,493	37,662	4,481	444,859

Net Book Value
As at 31 March 2025	-	175,292	51,951	7,778	235,021

As at 1 April 2024	-	216,665	34,442	8,091	259,198

5. Stocks

	2025	2024
	£	£
Materials	43,200	42,922

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	94,110	69,731
Prepayments and accrued income	8,325	6,015

	102,435	75,746

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	21,228	21,228
Trade creditors	54,927	52,116
Corporation tax	48,379	12,847
Other taxes and social security	5,282	4,116
VAT	15,403	6,524
Other creditors	290	1,573
Accruals and deferred income	7,812	2,335
Directors' loan accounts	216,571	201,994

	369,892	302,733

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Slade Kitchens Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	17,690	38,918

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	21,228	21,228
Later than one year and not later than five years	17,690	38,918

	38,918	60,146

	38,918	60,146

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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