SLS Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03743859 (England and Wales)

Financial Statements

for the Year Ended 31st December 2021

for

SLS Group Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D. E. Wencker

N. A. Bewell

I. A. Roulstone

SECRETARY:

N. A. Bewell

REGISTERED OFFICE:

Scientific Laboratory Supplies Limited

Orchard House

The Square

Hessle

East Yorkshire

HU13 0AE

REGISTERED NUMBER:

03743859 (England and Wales)

AUDITORS:

cbaSadofskys

Statutory Auditors

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

Barclays Bank plc

Humber & Lincolnshire Team

4th Floor

2 Humber Quays

Hull

HU1 2BN

FIXED ASSETS

Intangible assets

4

1,674

1,674

Investments

5

6,414,102

9,710,093

6,415,776

9,711,767

CURRENT ASSETS

Debtors

667,028

1,800,857

Cash at bank

3,981

61,214

671,009

1,862,071

CREDITORS

Amounts falling due within one year

5,133,397

4,772,668

NET CURRENT LIABILITIES

(4,462,388

)

(2,910,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,953,388

6,801,170

CREDITORS

Amounts falling due after more than one year

-

2,085,475

NET ASSETS

1,953,388

4,715,695

CAPITAL AND RESERVES

Called up share capital

6

100,000

100,000

Share premium

295,830

295,830

Retained earnings

1,557,558

4,319,865

SHAREHOLDERS' FUNDS

1,953,388

4,715,695

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th May 2022 and were signed on its behalf by:

N. A. Bewell - Director

1.	STATUTORY INFORMATION

SLS Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about SLS Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Scientific Laboratory Supplies Group Ltd, Orchard House, The Square, Hessle, East Yorkshire, HU13 0AE.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

The directors are of the opinion that the trade marks have a value at least that of the cost in the financial statements and that depreciation is therefore not required.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Dividends

Dividends received from subsidiary undertakings are accounted for when received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2021

and 31st December 2021

3,953

AMORTISATION

At 1st January 2021

and 31st December 2021

2,279

NET BOOK VALUE

At 31st December 2021

1,674

At 31st December 2020

1,674

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st January 2021

9,710,093

Impairments

(3,295,991

)

At 31st December 2021

6,414,102

NET BOOK VALUE

At 31st December 2021

6,414,102

At 31st December 2020

9,710,093

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Scientific Laboratory Supplies Limited

Registered office: Orchard House, The Square, Hessle, East Yorkshire, HU13 0AE

Nature of business: Distribution of laboratory equipment

%

Class of shares:

holding

Ordinary

100.00

Preference shares

100.00

2021

2020

£

£

Aggregate capital and reserves

15,990,428

11,766,048

Profit for the year

4,224,380

3,680,800

Scientific Laboratory Supplies (Ireland) Limited

Registered office: Charter House, 5 Pembroke Row, Dublin 2, Ireland.

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2021

2020

£

£

Aggregate capital and reserves

84

(137,446

)

Profit/(loss) for the year

137,523

(137,369

)

Analab Analytical Laboratory Supplies Limited

Registered office: Unit 2, 7 Rathdown Close, Lissue Industrial Estate West, Lisburn, County Antrim, BT28 2RB

Nature of business: Laboratory supplies

%

Class of shares:

holding

Ordinary

100.00

2021

2020

£

£

Aggregate capital and reserves

7,729

6,455

Profit/(loss) for the year

1,274

(1,467

)

SLS Scientific Laboratory Supplies (Kenya) Limited

Registered office: P.O. Box 40111, Nairobi, Kenya

Nature of business: Laboratory supplies

%

Class of shares:

holding

Ordinary

100.00

2021

2020

£

£

Aggregate capital and reserves

19,669

(43,049

)

Loss for the year

(23,380

)

(4,810

)

Flow Group Holdings Limited

Registered office: Orchard House, The Square, Hessle, East Yorkshire, HU13 0AE

Nature of business: Holding company

%

Class of shares:

holding

Ordinary

100.00

2021

2020

£

£

Aggregate capital and reserves

4,456,357

4,256,357

Profit for the year

700,000

500,000

Wolf Laboratories Limited

Registered office: Colenso House, 1 Deans Lane, Pocklington, East Riding of Yorkshire, YO42 2PX

Nature of business: Laboratory supplies

%

Class of shares:

holding

Ordinary

100.00

2021

2020

£

£

Aggregate capital and reserves

1,092,852

877,600

Profit for the year

915,252

613,991

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100,000

Ordinary

£1

100,000

100,000

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alan Brocklehurst (Senior Statutory Auditor)

for and on behalf of cbaSadofskys

8.	ULTIMATE PARENT AND CONTROLLING PARTY