Sliceat Ltd - Accounts to registrar - small 17.1

Sliceat Ltd - Accounts to registrar - small 17.1

SLICEAT LTD - Company Information

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REGISTERED NUMBER: 05579486















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

SLICEAT LTD

SLICEAT LTD (REGISTERED NUMBER: 05579486)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 SEPTEMBER 2016










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 4

Notes to the Financial Statements 6


SLICEAT LTD

COMPANY INFORMATION
for the year ended 30 SEPTEMBER 2016







DIRECTOR: Mr A Sienauskas





SECRETARY: Mrs E Tarvydiene





REGISTERED OFFICE: 9 Bickels Yard
151-153 Bermondsey Street
London Bridge
London
SE1 3HA





REGISTERED NUMBER: 05579486





ACCOUNTANTS: Parker Randall
Chartered Accountants
9 Bickels Yard
151-153 Bermondsey Street
London Bridge
London
SE1 3HA
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SLICEAT LTD


The following reproduces the text of the report prepared for the director and members in
respect of the company's annual unaudited financial statements. In accordance with the
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are
cautioned that the Profit and Loss Account and certain other primary statements and the
Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Sliceat Ltd for the year ended 30 September 2016 which
comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sliceat Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sliceat Ltd and state those matters that we have agreed to state to the director of Sliceat Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sliceat Ltd director for our work or for this report.

It is your duty to ensure that Sliceat Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sliceat Ltd. You consider that Sliceat Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sliceat Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Parker Randall
Chartered Accountants
9 Bickels Yard
151-153 Bermondsey Street
London Bridge
London
SE1 3HA

This page does not form part of the statutory financial statements

Page 2
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SLICEAT LTD




7 June 2017

This page does not form part of the statutory financial statements

Page 3
SLICEAT LTD (REGISTERED NUMBER: 05579486)

BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 671 894
Tangible assets 3 4,838 6,451
5,509 7,345

CURRENT ASSETS
Stocks 1,578 1,450
Debtors 4 2,402 1,982
Cash at bank 3,993 6,443
7,973 9,875
CREDITORS
Amounts falling due within one year 5 3,320 3,040
NET CURRENT ASSETS 4,653 6,835
TOTAL ASSETS LESS CURRENT
LIABILITIES
10,162
14,180

CREDITORS
Amounts falling due after more than
one year
6
9,763
13,227
NET ASSETS 399 953

The notes form part of these financial statements

Page 4 continued...
SLICEAT LTD (REGISTERED NUMBER: 05579486)

BALANCE SHEET - continued
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and loss account 8 299 853
SHAREHOLDERS' FUNDS 399 953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387
of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 7 June 2017 and were signed by:





Mr A Sienauskas - Director


The notes form part of these financial statements

Page 5
SLICEAT LTD (REGISTERED NUMBER: 05579486)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 SEPTEMBER 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Page 6 continued...
SLICEAT LTD (REGISTERED NUMBER: 05579486)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 SEPTEMBER 2016


2. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2015
and 30 September 2016 5,300
AMORTISATION
At 1 October 2015 4,406
Amortisation for year 223
At 30 September 2016 4,629
NET BOOK VALUE
At 30 September 2016 671
At 30 September 2015 894

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2015
and 30 September 2016 21,053 7,616 2,100 30,769
DEPRECIATION
At 1 October 2015 15,809 6,567 1,942 24,318
Charge for year 1,311 262 40 1,613
At 30 September 2016 17,120 6,829 1,982 25,931
NET BOOK VALUE
At 30 September 2016 3,933 787 118 4,838
At 30 September 2015 5,244 1,049 158 6,451

Page 7 continued...
SLICEAT LTD (REGISTERED NUMBER: 05579486)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 SEPTEMBER 2016


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2016 2015
£    £   
Other debtors 2,402 1,982

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2016 2015
£    £   
Taxation and social security 3,320 3,040

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2016 2015
£    £   
Other creditors 9,763 13,227

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Profit
and loss
account
£   

At 1 October 2015 853
Profit for the year 11,446
Dividends (12,000 )
At 30 September 2016 299

Page 8 continued...
SLICEAT LTD (REGISTERED NUMBER: 05579486)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 SEPTEMBER 2016


9. RELATED PARTY DISCLOSURES

Mr A Sienauskas
Shareholder and director


The director received dividend in the sum of £14,000 (2014; £18,000) during the year under
review.

2016 2015
£    £   
Amount due to related party at the balance sheet date 9,762 13,227

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Sienauskas.

Page 9