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Company Registration No. 10028181 (England and Wales)
Salt House Interiors Ltd Unaudited accounts for the year ended 28 February 2018
Salt House Interiors Ltd Unaudited accounts Contents
Page
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Salt House Interiors Ltd Company Information for the year ended 28 February 2018
Director
Amy Baudet
Company Number
10028181 (England and Wales)
Registered Office
26 Bonaventure Sussex Wharf Shoreham by Sea West Sussex BN43 5BH
Accountants
Ian Sykes and Co Limited 1 Windlesham Gardens Shoreham by Sea West Sussex BN43 5AD
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Salt House Interiors Ltd Statement of financial position as at 28 February 2018
2018 
2017 
Notes
£ 
£ 
Current assets
Debtors
1,434 
4,340 
Cash at bank and in hand
656 
202 
2,090 
4,542 
Creditors: amounts falling due within one year
(2,079)
(4,509)
Net current assets
11 
33 
Net assets
11 
33 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
9 
31 
Shareholders' funds
11 
33 
For the year ending 28 February 2018 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 her 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.
Approved by the Board on 12 November 2018.
Amy Baudet Director Company Registration No. 10028181
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Salt House Interiors Ltd Notes to the Accounts for the year ended 28 February 2018
1
Statutory information
Salt House Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10028181. The registered office is 26 Bonaventure, Sussex Wharf, Shoreham by Sea, West Sussex, BN43 5BH.
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
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Revenue
Revenue, described as turnover, is the value of goods provided to customers during the year, plus the value of work performed during the year with respect to services. Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on completion of each individual assignment.
4
Debtors
2018 
2017 
£ 
£ 
Trade debtors
785 
535 
Other debtors
649 
3,805 
1,434 
4,340 
5
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
182 
529 
Taxes and social security
577 
2,660 
Accruals
1,320 
1,320 
2,079 
4,509 
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Salt House Interiors Ltd Notes to the Accounts for the year ended 28 February 2018
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Amy Baudet
3,803 
61 
3,803 
61 
3,803 
61 
3,803 
61 
Amy Baudet received sundry interest free advances totalling £61 in excess of her dividend entitlement during the year and this amount is included within "Other debtors". This amount was repaid in full by 12 November 2018. The maximum amount outstanding during the year was £3,803.
7
Transactions with related parties
During the year the director operated a loan account with the Company. No interest was charged or paid on the balance outstanding and the movements on the loan account are described fully in note 6.
8
Average number of employees
During the year the average number of employees was 0 (2017: 0).
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