SL Venture Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12051193 (England and Wales)

Financial Statements for the Period 14 June 2019 to 30 June 2020

for

Sl Venture Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

Mr Sukhbir Singh Gill

REGISTERED OFFICE:

9-13 Holbrook Lane

Coventry

United Kingdom

CV6 4AD

REGISTERED NUMBER:

12051193 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Property, plant and equipment

4

243,187

CURRENT ASSETS

Cash at bank and in hand

28,684

CREDITORS

Amounts falling due within one year

5

2,987

NET CURRENT ASSETS

25,697

TOTAL ASSETS LESS CURRENT LIABILITIES

268,884

CREDITORS

Amounts falling due after more than one year

6

268,074

NET ASSETS

810

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

710

SHAREHOLDERS' FUNDS

810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2020 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 26 April 2021 and were signed by:

Mr Sukhbir Singh Gill - Director

1.	STATUTORY INFORMATION

Sl Venture Limited 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

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 27 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

Additions

280,600

At 30 June 2020

280,600

DEPRECIATION

Charge for period

37,413

At 30 June 2020

37,413

NET BOOK VALUE

At 30 June 2020

243,187

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

501

Social security and other taxes

1,701

Value Added Tax

673

Directors' current accounts

112

2,987

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loan

268,074

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

8.

RESERVES

Retained

earnings

£

Profit for the period

15,710

Dividends

(15,000

)

At 30 June 2020

710

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 June 2020 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................