SLP Interiors Limited

SLP Interiors Limited

SLP INTERIORS LIMITED - Company Information

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1 April 2016 false No description of principal activity Taxfiler 2017.7.Web 08965712business:PrivateLimitedCompanyLtd2016-04-012017-03-31 089657122016-03-31 089657122016-04-012017-03-31 08965712business:AuditExemptWithAccountantsReport2016-04-012017-03-31 08965712business:FullAccounts2016-04-012017-03-31 089657122017-03-31 08965712business:Director12016-04-012017-03-31 089657122016-03-31 08965712core:WithinOneYear2017-03-31 08965712core:WithinOneYear2016-03-31 08965712core:ShareCapital2017-03-31 08965712core:ShareCapital2016-03-31 08965712core:RetainedEarningsAccumulatedLosses2017-03-31 08965712core:RetainedEarningsAccumulatedLosses2016-03-31 08965712business:SmallEntities2016-04-012017-03-31 08965712countries:EnglandWales2016-04-012017-03-31 08965712core:PlantMachinery2016-04-012017-03-31 08965712core:MotorVehicles2016-04-012017-03-31 08965712core:PlantMachinery2016-03-31 08965712core:MotorVehicles2016-03-31 08965712core:PlantMachinery2017-03-31 08965712core:MotorVehicles2017-03-31 089657122015-04-012016-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08965712 (England and Wales)
SLP Interiors Limited Unaudited accounts for the year ended 31 March 2017
SLP Interiors Limited Unaudited accounts Contents
Page
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SLP Interiors Limited Company Information for the year ended 31 March 2017
Director
S Pennington
Company Number
08965712 (England and Wales)
Accountants
MAX FOOTE ASSOCIATES LIMITED 26-27 LOWER WOODCOCK STREET CASTLE CARY SOMERSET BA7 7BH
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SLP Interiors Limited for the year ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SLP Interiors Limited for the year ended 31 March 2017 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.doc.
MAX FOOTE ASSOCIATES LIMITED Chartered Certified Accountants 26-27 LOWER WOODCOCK STREET CASTLE CARY SOMERSET BA7 7BH 6 May 2017
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SLP Interiors Limited Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
12,019 
- 
Current assets
Inventories
5
67,928 
- 
Debtors
6
64,768 
39,768 
Cash at bank and in hand
85,456 
32,670 
218,152 
72,438 
Creditors: amounts falling due within one year
7
(183,256)
(72,364)
Net current assets
34,896 
74 
Net assets
46,915 
74 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
46,914 
73 
Shareholders' funds
46,915 
74 
For the year ending 31 March 2017 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 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.
Approved by the Board on 9 May 2017.
S Pennington Director Company Registration No. 08965712
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SLP Interiors Limited Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
SLP Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 08965712.
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.
3
Accounting policies
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Leased assets
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.
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SLP Interiors Limited Notes to the Accounts for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2016
- 
- 
- 
Additions
1,202 
12,990 
14,192 
At 31 March 2017
1,202 
12,990 
14,192 
Depreciation
Charge for the year
8 
2,165 
2,173 
At 31 March 2017
8 
2,165 
2,173 
Net book value
At 31 March 2017
1,194 
10,825 
12,019 
5
Inventories
2017 
2016 
£ 
£ 
Work in progress
67,928 
- 
67,928 
- 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
42,435 
8,099 
Accrued income and prepayments
926 
- 
Other debtors
21,407 
31,669 
64,768 
39,768 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
22,111 
5,543 
Corporation tax
21,263 
6,950 
Other taxes and social security costs
34,337 
11,084 
Loans from directors
101,952 
45,369 
Accruals
3,593 
3,418 
183,256 
72,364 
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).
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