T & R Slack Limited - Accounts to registrar (filleted) - small 18.2

T & R Slack Limited - Accounts to registrar (filleted) - small 18.2

T & R SLACK LIMITED - Company Information

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IRIS Accounts Production v18.2.0.360 05396998 Board of Directors Board of Directors 1.4.17 31.3.18 31.3.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053969982017-03-31053969982018-03-31053969982017-04-012018-03-31053969982016-03-31053969982016-04-012017-03-31053969982017-03-3105396998ns15:EnglandWales2017-04-012018-03-3105396998ns14:PoundSterling2017-04-012018-03-3105396998ns10:Director12017-04-012018-03-3105396998ns10:Director22017-04-012018-03-3105396998ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3105396998ns10:SmallEntities2017-04-012018-03-3105396998ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3105396998ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3105396998ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3105396998ns10:AbridgedAccounts2017-04-012018-03-310539699812017-04-012018-03-3105396998ns10:CompanySecretary12017-04-012018-03-3105396998ns10:RegisteredOffice2017-04-012018-03-3105396998ns5:CurrentFinancialInstruments2018-03-3105396998ns5:CurrentFinancialInstruments2017-03-3105396998ns5:Non-currentFinancialInstruments2018-03-3105396998ns5:Non-currentFinancialInstruments2017-03-3105396998ns5:ShareCapital2018-03-3105396998ns5:ShareCapital2017-03-3105396998ns5:RetainedEarningsAccumulatedLosses2018-03-3105396998ns5:RetainedEarningsAccumulatedLosses2017-03-3105396998ns5:IntangibleAssetsOtherThanGoodwill2017-04-012018-03-3105396998ns5:PatentsTrademarksLicencesConcessionsSimilar2017-04-012018-03-3105396998ns5:LeaseholdImprovements2017-04-012018-03-3105396998ns5:PlantMachinery2017-04-012018-03-3105396998ns5:MotorVehicles2017-04-012018-03-3105396998ns5:ComputerEquipment2017-04-012018-03-3105396998ns5:DeferredTaxation2017-03-3105396998ns5:DeferredTaxation2017-04-012018-03-3105396998ns5:DeferredTaxation2018-03-3105396998ns5:RetainedEarningsAccumulatedLosses2017-03-3105396998ns5:RetainedEarningsAccumulatedLosses2017-04-012018-03-31


REGISTERED NUMBER: 05396998 (England and Wales)



Unaudited Financial Statements

for the Year Ended 31st March 2018

for

T & R Slack Limited
T & R Slack Limited (Registered number: 05396998)






Contents of the Financial Statements
for the Year Ended 31st March 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


T & R Slack Limited

Company Information
for the Year Ended 31st March 2018







DIRECTORS: R A Slack
T Slack





SECRETARY: Mrs L Slack





REGISTERED OFFICE: 6 Manchester Road
Buxton
Derbyshire
SK17 6SB





REGISTERED NUMBER: 05396998 (England and Wales)





ACCOUNTANTS: Laytons
Chartered Accountants
6 Manchester Road
Buxton
Derbyshire
SK17 6SB
Page 1
T & R Slack Limited (Registered number: 05396998)

Abridged Balance Sheet
31st March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,061 9,061
Tangible assets 5 107,253 71,975
116,314 81,036

CURRENT ASSETS
Stocks 43,850 40,969
Debtors 23,473 18,751
Cash at bank 72,198 50,275
139,521 109,995
CREDITORS
Amounts falling due within one year 65,476 61,057
NET CURRENT ASSETS 74,045 48,938
TOTAL ASSETS LESS CURRENT
LIABILITIES
190,359
129,974

CREDITORS
Amounts falling due after more than one
year
(3,314
)
(4,850
)

PROVISIONS FOR LIABILITIES 6 (18,890 ) (12,552 )
NET ASSETS 168,155 112,572

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 168,055 112,472
SHAREHOLDERS' FUNDS 168,155 112,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
T & R Slack Limited (Registered number: 05396998)

Abridged Balance Sheet - continued
31st March 2018


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4th October 2018 and were signed on
its behalf by:




R A Slack - Director



T Slack - Director


The notes form part of these financial statements

Page 3
T & R Slack Limited (Registered number: 05396998)

Notes to the Financial Statements
for the Year Ended 31st March 2018

1. STATUTORY INFORMATION

T & R Slack 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

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.

Milk quotas are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 4 ) .

Page 4 continued...
T & R Slack Limited (Registered number: 05396998)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2018

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2017
and 31st March 2018 113,254
AMORTISATION
At 1st April 2017
and 31st March 2018 104,193
NET BOOK VALUE

At 31st March 2018 9,061
At 31st March 2017 9,061

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2017 219,596
Additions 56,500
Disposals (30,235 )
At 31st March 2018 245,861
DEPRECIATION
At 1st April 2017 147,621
Charge for year 14,966
Eliminated on disposal (23,979 )
At 31st March 2018 138,608
NET BOOK VALUE
At 31st March 2018 107,253
At 31st March 2017 71,975

6. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax 18,890 12,552

Deferred
tax
£   
Balance at 1st April 2017 12,552
Provided during year 6,338
Balance at 31st March 2018 18,890

Page 5 continued...
T & R Slack Limited (Registered number: 05396998)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2018

7. RESERVES
Retained
earnings
£   

At 1st April 2017 112,472
Profit for the year 65,583
Dividends (10,000 )
At 31st March 2018 168,055

8. RELATED PARTY DISCLOSURES

Included in other creditors at the year ended 31st March 2018 are the following directors' loans:

Mr R A Slack £21,973 (2017: £22,774)
Mr T Slack £21,973 (2017: £22.774)

These loans are interest free and repayable on demand.

Page 6