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REGISTERED NUMBER: 09160787 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Salted Orange Food Company Ltd.

Salted Orange Food Company Ltd. (Registered number: 09160787)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Salted Orange Food Company Ltd.

Company Information
for the Year Ended 31 January 2023







DIRECTOR: S J Owen





REGISTERED OFFICE: Unit 8
Whisby Way
Lincoln
LN6 3LQ





REGISTERED NUMBER: 09160787 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Salted Orange Food Company Ltd. (Registered number: 09160787)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,451 117,765

CURRENT ASSETS
Stocks 5,000 1,000
Debtors 5 19,649 63,394
Cash at bank 2,920 18,272
27,569 82,666
CREDITORS
Amounts falling due within one year 6 77,019 130,009
NET CURRENT LIABILITIES (49,450 ) (47,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,001

70,422

CREDITORS
Amounts falling due after more than one
year

7

(55,512

)

(61,113

)

PROVISIONS FOR LIABILITIES (8,581 ) (23,633 )
NET ASSETS/(LIABILITIES) 5,908 (14,324 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 5,907 (14,325 )
SHAREHOLDERS' FUNDS 5,908 (14,324 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 30 September 2023 and were signed by:





S J Owen - Director


Salted Orange Food Company Ltd. (Registered number: 09160787)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Salted Orange Food Company Ltd. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis on the grounds the director will continue to support the company.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% 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 5 (2022 - 5 ) .

Salted Orange Food Company Ltd. (Registered number: 09160787)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 93,131 76,631 571 170,333
Additions 2,041 19,998 - 22,039
At 31 January 2023 95,172 96,629 571 192,372
DEPRECIATION
At 1 February 2022 29,745 22,744 79 52,568
Charge for year 9,712 10,479 162 20,353
At 31 January 2023 39,457 33,223 241 72,921
NET BOOK VALUE
At 31 January 2023 55,715 63,406 330 119,451
At 31 January 2022 63,386 53,887 492 117,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,265 63,394
Other debtors 2,384 -
19,649 63,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,808 18,957
Hire purchase contracts 7,557 8,344
Trade creditors 1,868 1,868
Amounts owed to group undertakings 7,250 7,250
Taxation and social security 7,630 16,533
Other creditors 33,906 77,057
77,019 130,009

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 36,000 40,062
Hire purchase contracts 19,512 21,051
55,512 61,113

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 13,933 18,729

8. SECURED DEBTS

The hire purchase liabilities are secured on the assets to which they relate.

Salted Orange Food Company Ltd. (Registered number: 09160787)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £0.01 1 1