Company Registration No. 08965712 (England and Wales)
SLP Interiors Limited
Unaudited accounts
for the year ended 31 March 2025
SLP Interiors Limited
Unaudited accounts
Contents
SLP Interiors Limited
Statement of financial position
as at 31 March 2025
Tangible assets
94,505
121,544
Inventories
24,801
190,800
Cash at bank and in hand
1,170,953
833,867
Creditors: amounts falling due within one year
(183,135)
(110,993)
Net current assets
1,680,216
1,368,290
Total assets less current liabilities
1,797,888
1,489,834
Provisions for liabilities
Deferred tax
(29,888)
(29,888)
Net assets
1,768,000
1,459,946
Called up share capital
1
1
Profit and loss account
1,767,999
1,459,945
Shareholders' funds
1,768,000
1,459,946
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 director acknowledges his 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 and authorised for issue on 17 December 2025 and were signed on its behalf by
Simon Pennington
Director
Company Registration No. 08965712
SLP Interiors Limited
Notes to the Accounts
for the year ended 31 March 2025
SLP Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 08965712. The registered office is The Taxi Lodge Stockwood Vale, Keynsham, Bristol, BS31 2AL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% Reducing balance method
Motor vehicles
25% Reducing balance method
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete.
Investments in gold are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
SLP Interiors Limited
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
10,888
190,606
2,165
6,973
210,632
Additions
1,614
-
774
1,214
3,602
Disposals
-
-
-
(666)
(666)
At 31 March 2025
12,502
190,606
2,939
7,521
213,568
At 1 April 2024
5,350
79,104
1,193
3,441
89,088
Charge for the year
613
27,875
186
1,718
30,392
On disposals
-
-
-
(417)
(417)
At 31 March 2025
5,963
106,979
1,379
4,742
119,063
At 31 March 2025
6,539
83,627
1,560
2,779
94,505
At 31 March 2024
5,538
111,502
972
3,532
121,544
5
Investments
Other investments
Valuation at 1 April 2024
-
Valuation at 31 March 2025
23,167
Investments comprise cryptocurrencies purchased by the company as an investment shown at cost. The investment was sold to S Pennington, director at market value.
Amounts falling due within one year
Trade debtors
64,126
5,207
Accrued income and prepayments
2,038
2,256
Other debtors
552,906
381,901
Amounts falling due after more than one year
Other debtors
48,527
48,527
SLP Interiors Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
26,115
37,479
Taxes and social security
136,645
33,785
Other creditors
9,569
35,723
Loans from directors
5,761
1,741
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan advance 1
24,313
-
-
24,313
Loan advance 2
125,000
-
-
125,000
Loan advance 4
24,539
-
24,539
-
Loan advance 5
201,862
-
7,195
194,667
Other debtors includes £243,980 (2024 - £375,714) owed by S Pennington, director. Interest is charged at the beneficial loan rate and there are no fixed terms for repayment.
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).