REGISTERED NUMBER: 08904704 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Slug Art Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Slater

REGISTERED OFFICE:

Unit 11 - 76 Eldon Street

Sheffield

S1 4GT

REGISTERED NUMBER:

08904704 (England and Wales)

ACCOUNTANTS:

SMH BullockWoodburn

Norfolk House

Hardwick Square North

Buxton

SK17 6PU

FIXED ASSETS

Intangible assets

4

10,800

14,400

Tangible assets

5

503

438

11,303

14,838

CURRENT ASSETS

Stocks

2,000

3,000

Debtors

6

54,088

59,159

Cash at bank

7,288

4,355

63,376

66,514

CREDITORS

Amounts falling due within one year

7

2,950

11,079

NET CURRENT ASSETS

60,426

55,435

TOTAL ASSETS LESS CURRENT LIABILITIES

71,729

70,273

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

71,728

70,272

SHAREHOLDERS' FUNDS

71,729

70,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 May 2026 and were signed by:

Mr N Slater - Director

1.	STATUTORY INFORMATION

Slug Art 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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2025

and 28 February 2026

36,000

AMORTISATION

At 1 March 2025

21,600

Charge for year

3,600

At 28 February 2026

25,200

NET BOOK VALUE

At 28 February 2026

10,800

At 28 February 2025

14,400

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

4,338

Additions

190

At 28 February 2026

4,528

DEPRECIATION

At 1 March 2025

3,900

Charge for year

125

At 28 February 2026

4,025

NET BOOK VALUE

At 28 February 2026

503

At 28 February 2025

438

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,835

8,261

Other debtors

51,253

50,898

54,088

59,159

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

1,250

-

Other creditors

1,700

11,079

2,950

11,079

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

Mr N Slater

Balance outstanding at start of year

(9,628

)

742

Amounts advanced

15,185

870

Amounts repaid

(4,376

)

(11,240

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,181

(9,628

)

10.	RELATED PARTY DISCLOSURES

During the year the company traded, on normal commercial terms, with a company with common shareholding, Slugger Distribution Ltd, as follows:

Sold goods and services, valued at £1,866 (2025 - £1,245).

Purchased goods and services, valued at £NIL (2025 - £NIL)

At the year end Slug Art Ltd was owed £50,000 from Slugger Distribution Ltd (2025 - £50,000).