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Company Registration No. 07224726 (England and Wales)
Slick Logic Ltd Filleted accounts for the year ended 30 April 2025
Slick Logic Ltd Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Slick Logic Ltd Company Information for the year ended 30 April 2025
Director
Mr I Mansoor
Secretary
Mrs S Mansoor
Company Number
07224726 (England and Wales)
Registered Office
137 Mere Road Leicester LE5 5GQ
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Slick Logic Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,585
17,169
Investment property
5
38,000
-
46,585
17,169
Current assets
Debtors
6
-
72
Cash at bank and in hand
35,732
38,078
35,732
38,150
Creditors: amounts falling due within one year
7
(57,762)
(14,487)
Net current (liabilities)/assets
(22,030)
23,663
Net assets
24,555
40,832
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
24,553
40,830
Shareholders' funds
24,555
40,832
For the year ending 30 April 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 8 January 2026 and were signed on its behalf by
Mr I Mansoor Director Company Registration No. 07224726
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Slick Logic Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Slick Logic Ltd is a private company, limited by shares, registered in England and Wales, registration number 07224726. The registered office is 137 Mere Road, Leicester, LE5 5GQ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% straight line basis
Deferred taxation
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Slick Logic Ltd Notes to the Accounts for the year ended 30 April 2025
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 May 2024
34,337
At 30 April 2025
34,337
Depreciation
At 1 May 2024
17,168
Charge for the year
8,584
At 30 April 2025
25,752
Net book value
At 30 April 2025
8,585
At 30 April 2024
17,169
5
Investment property
2025
£
Additions
38,000
At 30 April 2025
38,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
72
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
5,764
-
Trade creditors
783
-
Other creditors
30,432
13,704
Loans from directors
20,000
-
Accruals
783
783
57,762
14,487
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 A Ordinary shares of £1 each
1
1
1 B Ordinary shares of £1 each
1
1
2
2
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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