Slatter Cricket & Play Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13813171 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 22 DECEMBER 2021 TO 31 JANUARY 2023

FOR

SLATTER CRICKET & PLAY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A R Bennett

P J Slatter

C Slatter

S Glover

REGISTERED OFFICE:

Hell Corner Farm

Kintbury

Hungerford

Berkshire

RG17 9SX

REGISTERED NUMBER:

13813171 (England and Wales)

SENIOR STATUTORY AUDITOR:

Martin Thomas FCCA

AUDITORS:

Haines Watts, Statutory Auditor

Chartered Accountants

The Lightbox

87 Castle Street

Reading

Berkshire

RG1 7SN

FIXED ASSETS

Tangible assets

4

1,130,195

CURRENT ASSETS

Stocks

215,308

Debtors

5

453,872

Cash at bank and in hand

799,515

1,468,695

CREDITORS

Amounts falling due within one year

6

628,325

NET CURRENT ASSETS

840,370

TOTAL ASSETS LESS CURRENT LIABILITIES

1,970,565

CREDITORS

Amounts falling due after more than one year

7

(166,571

)

PROVISIONS FOR LIABILITIES

(282,549

)

NET ASSETS

1,521,445

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

1,521,444

SHAREHOLDERS' FUNDS

1,521,445

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 and authorised for issue by the Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by:

P J Slatter - Director

1.	STATUTORY INFORMATION

Slatter Cricket & Play Ltd 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.

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover from services is recognised as the service is provided.

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 etc

-

25% on cost and 10% on cost

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 period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 21 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,422,992

Disposals

(83,948

)

At 31 January 2023

1,339,044

DEPRECIATION

Charge for period

215,120

Eliminated on disposal

(6,271

)

At 31 January 2023

208,849

NET BOOK VALUE

At 31 January 2023

1,130,195

Included within plant and equipment are assets with a net book value of £321,545 purchased on finance agreements.

The additions above include fixed assets transferred as part of demerger, please refer to the exceptional items note for more details.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

368,781

Other debtors

85,091

453,872

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

47,590

Trade creditors

102,395

Taxation and social security

153,467

Other creditors

324,873

628,325

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

166,571

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

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

The Report of the Auditors was unqualified.

Martin Thomas FCCA (Senior Statutory Auditor)

for and on behalf of Haines Watts, Statutory Auditor

10.	RELATED PARTY DISCLOSURES

At the period end amounts due to key management totalled £180,714.

11.	ULTIMATE CONTROLLING PARTY

The parent company is Slatter Holdings Ltd the registered office of which is Hell Corner Farm, Kintbury, Hungerford, Berkshire RG17 9SX.