SLS Group Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03743859 (England and Wales)

Financial Statements

for the Year Ended 31st December 2023

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:

Sadofskys

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

15,520,288

11,544,972

15,521,962

11,546,646

CURRENT ASSETS

Debtors

3,808,016

3,804,695

Cash at bank

3,137

13,048

3,811,153

3,817,743

CREDITORS

Amounts falling due within one year

9,459,160

6,706,171

NET CURRENT LIABILITIES

(5,648,007

)

(2,888,428

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,873,955

8,658,218

CREDITORS

Amounts falling due after more than one year

5,147,607

3,719,537

NET ASSETS

4,726,348

4,938,681

CAPITAL AND RESERVES

Called up share capital

6

100,000

100,000

Share premium

295,830

295,830

Retained earnings

4,330,518

4,542,851

SHAREHOLDERS' FUNDS

4,726,348

4,938,681

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 2023 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 22nd March 2024 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 (2022 - NIL).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2023

and 31st December 2023

3,953

AMORTISATION

At 1st January 2023

and 31st December 2023

2,279

NET BOOK VALUE

At 31st December 2023

1,674

At 31st December 2022

1,674

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st January 2023

11,544,972

Additions

3,975,316

At 31st December 2023

15,520,288

NET BOOK VALUE

At 31st December 2023

15,520,288

At 31st December 2022

11,544,972

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

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 Sadofskys

8.	ULTIMATE PARENT AND CONTROLLING PARTY