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REGISTERED NUMBER: 09511358 (England and Wales)















SALAR SMOKEHOUSE LIMITED

Financial Statements for the Year Ended 31 March 2023






SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALAR SMOKEHOUSE LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: I Macrury
Mrs E Macrury





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 09511358 (England and Wales)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 620,322 335,646

CURRENT ASSETS
Stocks 22,893 24,605
Debtors 5 35,274 42,985
Cash at bank and in hand 3,219 47,359
61,386 114,949
CREDITORS
Amounts falling due within one year 6 137,831 93,913
NET CURRENT (LIABILITIES)/ASSETS (76,445 ) 21,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

543,877

356,682

CREDITORS
Amounts falling due after more than one
year

7

(328,930

)

(176,581

)

PROVISIONS FOR LIABILITIES (13,627 ) (8,725 )

ACCRUALS AND DEFERRED INCOME (38,904 ) -
NET ASSETS 162,416 171,376

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 162,316 171,276
SHAREHOLDERS' FUNDS 162,416 171,376

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:




I Macrury - Director



Mrs E Macrury - Director


SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)

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

1. STATUTORY INFORMATION

Salar Smokehouse Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% depreciation on cost
Computer equipment - 20% depreciation on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 289,724 53,159 46,642
Additions 258,876 - 49,208
At 31 March 2023 548,600 53,159 95,850
DEPRECIATION
At 1 April 2022 - 48,507 17,071
Charge for year - 1,313 19,170
At 31 March 2023 - 49,820 36,241
NET BOOK VALUE
At 31 March 2023 548,600 3,339 59,609
At 31 March 2022 289,724 4,652 29,571

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 17,017 14,138 420,680
Additions - - 308,084
At 31 March 2023 17,017 14,138 728,764
DEPRECIATION
At 1 April 2022 5,318 14,138 85,034
Charge for year 2,925 - 23,408
At 31 March 2023 8,243 14,138 108,442
NET BOOK VALUE
At 31 March 2023 8,774 - 620,322
At 31 March 2022 11,699 - 335,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 31,548 29,855
Zettle control account 2,167 2,276
VAT 1,559 3,213
Prepayments - 7,641
35,274 42,985

SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 39,522 9,556
Hire purchase contracts 3,029 3,029
Trade creditors 69,210 54,382
Barclaycard Commercial 707 -
Tax 14,693 16,487
Social security and other taxes 1,967 -
Wages arrestment 247 -
Pensions control account 429 256
Accrued expenses 8,027 10,203
137,831 93,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 26,432 -
Bank loans - 152,902
Bank loans - 2-5 years 79,296 -
Bank loans more 5 yr by instal 190,857 -
Hire purchase contracts 8,454 11,483
Directors' loan accounts 23,891 12,196
328,930 176,581

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 190,857 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 323,017 162,458

The Bank of Scotland PLC hold a Standard Security over the properties formerly known as The Island Deli and Cafe, Balivanich, The Old Shop House, Balivanich, and Skinners, 6 Uachdar, Benbecula. These properties are now operated by the company as The Bothy, Charlie's Bistro and the new Smokehouse, respectively.

9. RELATED PARTY DISCLOSURES

Included within creditors falling due after one year is a balance to I Macrury, director, of £23,891 (2022 - £12,196). There are no formal terms of repayment and interest is not charged on the balance.

The Ultimate Controlling Party is the directors, who control the company in concert.