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REGISTERED NUMBER: 08950597 (England and Wales)















Financial Statements For The Year Ended 31st March 2023

for

D Salt Electrical Ltd

D Salt Electrical Ltd (Registered number: 08950597)






Contents of the Financial Statements
For The Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D Salt Electrical Ltd

Company Information
For The Year Ended 31st March 2023







DIRECTOR: D R Salt





REGISTERED OFFICE: 64 High Street
Belper
Derbyshire
DE56 1GF





REGISTERED NUMBER: 08950597 (England and Wales)





ACCOUNTANTS: L& S Accountancy Services
64 High Street
Belper
Derbyshire
DE56 1GF

D Salt Electrical Ltd (Registered number: 08950597)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,790 4,377

CURRENT ASSETS
Debtors 5 12,427 11,189
Cash at bank 2,722 1,090
15,149 12,279
CREDITORS
Amounts falling due within one year 6 16,006 10,571
NET CURRENT (LIABILITIES)/ASSETS (857 ) 1,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,933

6,085

PROVISIONS FOR LIABILITIES 1,100 832
NET ASSETS 3,833 5,253

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,832 5,252
SHAREHOLDERS' FUNDS 3,833 5,253

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 13th November 2023 and were signed by:



D R Salt - Director


D Salt Electrical Ltd (Registered number: 08950597)

Notes to the Financial Statements
For The Year Ended 31st March 2023

1. STATUTORY INFORMATION

D Salt Electrical 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.

Turnover
Turnover represents net invoiced sales of 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.
Plant and machinery etc - 33% on cost and 15% on cost

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 1 (2022 - 1 ) .

D Salt Electrical Ltd (Registered number: 08950597)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 9,727
Additions 3,050
At 31st March 2023 12,777
DEPRECIATION
At 1st April 2022 5,350
Charge for year 1,637
At 31st March 2023 6,987
NET BOOK VALUE
At 31st March 2023 5,790
At 31st March 2022 4,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,208
Other debtors 12,427 9,981
12,427 11,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 12,698 8,397
Other creditors 3,308 2,174
16,006 10,571

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
D R Salt
Balance outstanding at start of year 235 3,183
Amounts repaid (235 ) (2,948 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 235

As at 31st March 2023 the company owed to its director, Mr. D. Salt the sum of £2,135. This amount is unsecured, interest free and repayable on demand.

D Salt Electrical Ltd (Registered number: 08950597)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

8. ULTIMATE CONTROLLING PARTY

The controlling party is D R Salt.