Slice Of Cornwall Limited

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

Registered number: 14419523

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,040		1,560
Tangible Assets	5		23,995		13,519

			25,035		15,079
CURRENT ASSETS
Stocks	6	10,000		5,000
Debtors	7	24,534		10,435
Cash at bank and in hand		71,846		86,976

		106,380		102,411
Creditors: Amounts Falling Due Within One Year	8	(99,457 )		(91,364 )

NET CURRENT ASSETS (LIABILITIES)			6,923		11,047

TOTAL ASSETS LESS CURRENT LIABILITIES			31,958		26,126

Creditors: Amounts Falling Due After More Than One Year	9		(27,928 )		(25,142 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,741 )		-

NET ASSETS			289		984

CAPITAL AND RESERVES
Called up share capital	10		103		103
Profit and Loss Account			186		881

SHAREHOLDERS' FUNDS			289		984

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Slice Of Cornwall Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 Oliver Kiss

Director

14th May 2026

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

1. General Information

Slice Of Cornwall Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14419523 . The registered office is Suite 17, Camborne Business Centre, Camborne, Cornwall, TR14 7DB.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. 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:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	3 years SL

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

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Slice Of Cornwall Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 45 (2024: 26)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	2,600

As at 31 October 2025	2,600

Amortisation
As at 1 November 2024	1,040
Provided during the period	520

As at 31 October 2025	1,560

Net Book Value
As at 31 October 2025	1,040

As at 1 November 2024	1,560

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	13,054	9,262	2,020	24,336
Additions	-	17,400	1,874	19,274

As at 31 October 2025	13,054	26,662	3,894	43,610

Depreciation
As at 1 November 2024	5,703	4,052	1,062	10,817
Provided during the period	1,849	5,652	1,297	8,798

As at 31 October 2025	7,552	9,704	2,359	19,615

Net Book Value
As at 31 October 2025	5,502	16,958	1,535	23,995

As at 1 November 2024	7,351	5,210	958	13,519

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Slice Of Cornwall Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Stocks

	2025	2024
	£	£
Stock	10,000	5,000

7. Debtors

	2025	2024
	£	£
Due within one year
Directors' loan accounts	24,534	10,435

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	15,481	11,952
Bank loans and overdrafts	16,039	5,561
Corporation tax	3,838	8,476
Other taxes and social security	6,433	4,263
VAT	50,578	47,318
Net wages	-	383
Other creditors	2,164	1,659
Directors' loan accounts	4,924	11,752

	99,457	91,364

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

	2025	2024
	£	£
Bank loans	27,928	25,142

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	103	103

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Oliver Kiss	5,217	7,049	-	-	12,267
Mrs Sophie Kiss	5,217	7,049	-	-	12,267

The above loan has been repaid within 9 months.

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