Slot Cars Wales Limited - Filleted accounts

Registered number

05257250

Slot Cars Wales Limited

Filleted Accounts

31 October 2025

Slot Cars Wales Limited
Registered number:		05257250
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,208			1,273

Current assets
Stocks		121,980			94,274
Cash at bank and in hand		2,902			15,157
		124,882			109,431

Creditors: amounts falling due within one year	4	(18,548)			(21,601)

Net current assets			106,334			87,830

Total assets less current liabilities			107,542			89,103


Provisions for liabilities			(230)			(216)


Net assets			107,312			88,887

Capital and reserves
Called up share capital			200			200
Profit and loss account			107,112			88,687

Shareholders' funds			107,312			88,887

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr. S R Daniel
Director
Approved by the board on 16 June 2026

Slot Cars Wales Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment	15% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Office equipment
£
	Cost
	At 1 November 2024				6,675
	Additions				149
	At 31 October 2025				6,824

	Depreciation
	At 1 November 2024				5,403
	Charge for the year				213
	At 31 October 2025				5,616

	Net book value
	At 31 October 2025				1,208
	At 31 October 2024				1,272


4	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		2,408		3,669
	Taxation and social security costs		(2,118)		(5,870)
	Other creditors		18,258		23,802
			18,548		21,601


5	Transactions with the director
	The company afforded its director the facility of a current account during the year. The movements on this account are given below in summary form:
			2025
£
	Balance as at 01/11/24-due to its director		21,736
	Advances made by director		1,500
	Expenses claims made by the director during the year		4,492
	Use-of-home as office adjustment		780
	Amounts repaid to the director		(14,500)
	Expenses claims drawn by the director		(4,047)
	Balance as at 31/10/25-due to its director		9,961

6	Other information

	Slot Cars Wales Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
	6 Harford Close
	Whitchurch
	Cardiff
	South Wales
	CF14 2TA