REGISTERED NUMBER: 12562418 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SL22 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S D Lowes

SECRETARY:

Mr N G Hall

REGISTERED OFFICE:

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

REGISTERED NUMBER:

12562418 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Tangible assets

4

50,932

64,236

Investments

5

16,047

-

66,979

64,236

CURRENT ASSETS

Debtors

6

380,396

348,651

Cash at bank and in hand

66,590

81,544

446,986

430,195

CREDITORS

Amounts falling due within one year

7

45,788

48,818

NET CURRENT ASSETS

401,198

381,377

TOTAL ASSETS LESS CURRENT LIABILITIES

468,177

445,613

PROVISIONS FOR LIABILITIES

11,761

16,059

NET ASSETS

456,416

429,554

CAPITAL AND RESERVES

Called up share capital

8

1

1

Revaluation reserve

9

(3,976

)

-

Retained earnings

460,391

429,553

SHAREHOLDERS' FUNDS

456,416

429,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

Mr S D Lowes - Director

1.	STATUTORY INFORMATION

SL22 Ltd 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

73,166

58,490

1,226

132,882

Additions

1,500

1,423

750

3,673

At 31 March 2025

74,666

59,913

1,976

136,555

DEPRECIATION

At 1 April 2024

32,630

35,397

619

68,646

Charge for year

10,509

6,129

339

16,977

At 31 March 2025

43,139

41,526

958

85,623

NET BOOK VALUE

At 31 March 2025

31,527

18,387

1,018

50,932

At 31 March 2024

40,536

23,093

607

64,236

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

20,023

Revaluations

(3,976

)

At 31 March 2025

16,047

NET BOOK VALUE

At 31 March 2025

16,047

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

(3,976

)

Cost

20,023

16,047

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

28,625

39,418

Other debtors

266,792

233,094

Directors' current accounts

80,119

74,037

VAT

-

566

Prepayments and accrued income

4,860

1,536

380,396

348,651

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,526

-

Tax

40,244

47,125

Social security and other taxes

1,442

493

VAT

1,226

-

Accruals and deferred income

1,350

1,200

45,788

48,818

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

1

1

1

9.

RESERVES

Revaluation

reserve

£

Revaluation

(3,976

)

At 31 March 2025

(3,976

)

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr S D Lowes

Balance outstanding at start of year

74,037

96,394

Amounts advanced

84,157

78,264

Amounts repaid

(78,075

)

(100,621

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

80,119

74,037

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2% per annum to 5th April 2023 and 2.25% thereafter.

11.	RELATED PARTY DISCLOSURES

The balance outstanding on loans provided to companies with common directors and under common control amounted to £266,792 (2024: £232,870).