Sliceat Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05579486

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

SLICEAT LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Mr A Sienauskas

SECRETARY:

Mrs E Tarvydiene

REGISTERED OFFICE:

9 Bickels Yard

151-153 Bermondsey Street

London Bridge

London

SE1 3HA

REGISTERED NUMBER:

05579486

ACCOUNTANTS:

Parker Randall

Chartered Accountants

9 Bickels Yard

151-153 Bermondsey Street

London Bridge

London

SE1 3HA

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Sliceat Ltd for the year ended 30 September 2018 which

comprise the Income Statement, Balance Sheet and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sliceat Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sliceat Ltd and state those matters that we have agreed to state to the director of Sliceat Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sliceat Ltd and its director for our work or for this report.

It is your duty to ensure that Sliceat Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sliceat Ltd. You consider that Sliceat Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sliceat Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Parker Randall

Chartered Accountants

9 Bickels Yard

151-153 Bermondsey Street

London Bridge

London

SE1 3HA

17 June 2019

FIXED ASSETS

Intangible assets

3

377

503

Tangible assets

4

2,722

3,629

3,099

4,132

CURRENT ASSETS

Stocks

1,589

1,236

Debtors

5

2,589

2,116

Cash at bank

14,093

2,375

18,271

5,727

CREDITORS

Amounts falling due within one year

6

4,961

3,620

NET CURRENT ASSETS

13,310

2,107

TOTAL ASSETS LESS CURRENT LIABILITIES

16,409

6,239

CREDITORS

Amounts falling due after more than one year

7

4,936

3,048

NET ASSETS

11,473

3,191

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,373

3,091

SHAREHOLDERS' FUNDS

11,473

3,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 17 June 2019 and were signed by:

Mr A Sienauskas - Director

1.	STATUTORY INFORMATION

Sliceat Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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.

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

Pension costs and other post-retirement benefits

The company operates 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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2017

and 30 September 2018

5,300

AMORTISATION

At 1 October 2017

4,797

Amortisation for year

126

At 30 September 2018

4,923

NET BOOK VALUE

At 30 September 2018

377

At 30 September 2017

503

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2017

and 30 September 2018

21,053

7,616

2,100

30,769

DEPRECIATION

At 1 October 2017

18,103

7,026

2,011

27,140

Charge for year

737

148

22

907

At 30 September 2018

18,840

7,174

2,033

28,047

NET BOOK VALUE

At 30 September 2018

2,213

442

67

2,722

At 30 September 2017

2,950

590

89

3,629

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

2,589

2,116

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

4,961

3,620

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

4,936

3,048

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Sienauskas.