Company Registration No. 08965712 (England and Wales)
SLP Interiors Limited
Unaudited accounts
for the year ended 31 March 2023
SLP Interiors Limited
Unaudited accounts
Contents
SLP Interiors Limited
Statement of financial position
as at 31 March 2023
Tangible assets
159,702
42,985
Inventories
130,556
53,792
Cash at bank and in hand
926,359
1,128,101
Creditors: amounts falling due within one year
(97,870)
(89,655)
Net current assets
1,361,361
1,302,474
Net assets
1,521,063
1,388,540
Called up share capital
1
1
Profit and loss account
1,521,062
1,388,539
Shareholders' funds
1,521,063
1,388,540
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 October 2023 and were signed on its behalf by
S Pennington
Director
Company Registration No. 08965712
SLP Interiors Limited
Notes to the Accounts
for the year ended 31 March 2023
SLP Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 08965712. The registered office is The Taxi Lodge Stockwood Vale, Keynsham, Bristol, BS31 2AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance method
Motor vehicles
25% Reducing balance method
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete.
Investments in gold are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
SLP Interiors Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
10,174
63,373
2,165
5,481
81,193
Additions
640
127,233
-
2,497
130,370
Disposals
-
-
-
(1,248)
(1,248)
At 31 March 2023
10,814
190,606
2,165
6,730
210,315
At 1 April 2022
4,924
31,257
901
1,126
38,208
Charge for the year
415
10,680
162
1,552
12,809
On disposals
-
-
-
(404)
(404)
At 31 March 2023
5,339
41,937
1,063
2,274
50,613
At 31 March 2023
5,475
148,669
1,102
4,456
159,702
At 31 March 2022
5,250
32,116
1,264
4,355
42,985
5
Investments
Other investments
Valuation at 1 April 2022
43,081
Valuation at 31 March 2023
-
Investments comprise cryptocurrencies purchased by the company as an investment shown at cost. The investment was sold to S Pennington, director at market value.
Amounts falling due within one year
Trade debtors
12,612
25,093
Accrued income and prepayments
1,882
983
Other debtors
339,295
176,258
Amounts falling due after more than one year
Other debtors
48,527
7,902
SLP Interiors Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
18,912
3,510
Taxes and social security
30,061
77,090
Other creditors
16,619
1,711
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan advance 1
24,313
-
-
24,313
Loan advance 2
123,476
-
-
123,476
Loan advnace 3
-
28,392
9,900
18,492
147,789
28,392
9,900
166,281
Other debtors includes £166,281 (2022 - £147,789) owed by S Pennington, director. Interest is charged at the beneficial loan rate and there are no fixed terms for repayment.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
