Caseware UK (AP4) 2021.0.152 2021.0.152 12021-01-011falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11789940 2021-01-01 2021-12-31 11789940 2020-01-01 2020-12-31 11789940 2021-12-31 11789940 2020-12-31 11789940 c:Director1 2021-01-01 2021-12-31 11789940 d:CurrentFinancialInstruments 2021-12-31 11789940 d:CurrentFinancialInstruments 2020-12-31 11789940 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11789940 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11789940 d:ShareCapital 2021-12-31 11789940 d:ShareCapital 2020-12-31 11789940 d:RetainedEarningsAccumulatedLosses 2021-12-31 11789940 d:RetainedEarningsAccumulatedLosses 2020-12-31 11789940 c:FRS102 2021-01-01 2021-12-31 11789940 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11789940 c:FullAccounts 2021-01-01 2021-12-31 11789940 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 11789940









Saltco Ventures Limited







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2021

 
Saltco Ventures Limited
Registered number: 11789940

Balance Sheet
As at 31 December 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
15
2,678

Cash at bank and in hand
 5 
8,530
6,932

  
8,545
9,610

Creditors: amounts falling due within one year
 6 
(173)
(1,174)

Net current assets
  
 
 
8,372
 
 
8,436

Total assets less current liabilities
  
8,372
8,436

  

Net assets
  
8,372
8,436


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
8,370
8,434

  
8,372
8,436


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G J Salt
Director

Date: 5 September 2022

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
Saltco Ventures Limited
Registered number: 11789940
    
Balance Sheet (continued)
As at 31 December 2021


Page 2

 
Saltco Ventures Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2021

1.


General information

The company is a private company limited by share capital incorporated in England and Wales, registered number 11789940.  The address of the registered office is Low Ridge, Jarman Road, Sutton, Macclesfield SK11 0HJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
Saltco Ventures Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2021

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).


4.


Debtors

2021
2020
£
£


Trade debtors
-
2,678

Tax recoverable
15
-

15
2,678



5.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
8,530
6,932

8,530
6,932


Page 4

 
Saltco Ventures Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2021

6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
-
1,008

Other creditors
173
160

Accruals and deferred income
-
6

173
1,174


 
Page 5