Company Registration No. 13199606 (England and Wales)
BLACK SALT SHEEN LIMITED
Unaudited accounts
for the year ended 28 February 2023
BLACK SALT SHEEN LIMITED
Unaudited accounts
Contents
BLACK SALT SHEEN LIMITED
Company Information
for the year ended 28 February 2023
Directors
Sanjay Patel
Deven Patel
Company Number
13199606 (England and Wales)
Registered Office
505-507 UPPER RICHMOND ROAD WEST
LONDON
SW14 7DE
UNITED KINGDOM
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
BLACK SALT SHEEN LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
38,925
16,288
Cash at bank and in hand
139,290
74,859
Creditors: amounts falling due within one year
(166,158)
(193,321)
Net current liabilities
(8,706)
(106,634)
Net assets/(liabilities)
30,219
(90,346)
Called up share capital
90
90
Profit and loss account
30,129
(90,436)
Shareholders' funds
30,219
(90,346)
For the year ending 28 February 2023 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2023 and were signed on its behalf by
Sanjay Patel
Director
Company Registration No. 13199606
BLACK SALT SHEEN LIMITED
Notes to the Accounts
for the year ended 28 February 2023
BLACK SALT SHEEN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13199606. The registered office is 505-507 UPPER RICHMOND ROAD WEST, LONDON, SW14 7DE, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% as per reducing balance method
Fixtures & fittings
20% as per reducing balance method
Computer equipment
33.33% as per straight line method
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
16,183
1,650
1,158
18,991
Additions
10,493
16,829
1,981
29,303
At 28 February 2023
26,676
18,479
3,139
48,294
At 1 March 2022
2,159
303
241
2,703
Charge for the year
4,087
2,011
568
6,666
At 28 February 2023
6,246
2,314
809
9,369
At 28 February 2023
20,430
16,165
2,330
38,925
At 28 February 2022
14,024
1,347
917
16,288
BLACK SALT SHEEN LIMITED
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Accrued income and prepayments
5,007
-
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
25,272
55,893
Taxes and social security
9,176
8,508
Other creditors
81,904
92,250
Loans from directors
1,420
13,653
Included in other creditors is an amount of £27,500 owing to the Shareholders of the company. These loans were repaid post the year end.
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Average number of employees
During the year the average number of employees was 15 (2022: 10).