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

REGISTERED NUMBER: 05579486

Financial statements for the year ended 30 September 2019

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:

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

REGISTERED NUMBER:

05579486

ACCOUNTANTS:

Parker Russell

Chartered Accountants

Level 30

The Leadenhall Building,

122 Leadenhall Building

City of London

London

EC3V 4AB

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 2019 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 Russell

Chartered Accountants

Level 30

The Leadenhall Building,

122 Leadenhall Building

City of London

London

EC3V 4AB

20 June 2020

Fixed assets

Intangible assets

4

283

377

Tangible assets

5

3,133

2,722

3,416

3,099

Current assets

Stocks

2,470

1,589

Debtors

6

3,447

2,589

Cash at bank

1,530

14,093

7,447

18,271

Creditors

Amounts falling due within one year

7

3,407

4,961

Net current assets

4,040

13,310

Total assets less current liabilities

7,456

16,409

Creditors

Amounts falling due after more than one year

8

4,167

4,936

Net assets

3,289

11,473

Capital and reserves

Called up share capital

100

100

Retained earnings

3,189

11,373

Shareholders' funds

3,289

11,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 20 June 2020 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2018

and 30 September 2019

5,300

AMORTISATION

At 1 October 2018

4,923

Amortisation for year

94

At 30 September 2019

5,017

NET BOOK VALUE

At 30 September 2019

283

At 30 September 2018

377

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2018

21,053

7,616

2,100

30,769

Additions

-

1,455

-

1,455

At 30 September 2019

21,053

9,071

2,100

32,224

DEPRECIATION

At 1 October 2018

18,840

7,174

2,033

28,047

Charge for year

553

474

17

1,044

At 30 September 2019

19,393

7,648

2,050

29,091

NET BOOK VALUE

At 30 September 2019

1,660

1,423

50

3,133

At 30 September 2018

2,213

442

67

2,722

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Other debtors

3,447

2,589

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Taxation and social security

3,407

4,961

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.19

30.9.18

£

£

Other creditors

4,167

4,936

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Sienauskas.