1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 7,453 999 8,452 3,206 2,113 5,319 3,133 4,247 xbrli:pure xbrli:shares iso4217:GBP 11685908 2022-12-01 2023-11-30 11685908 2023-11-30 11685908 2022-11-30 11685908 2021-12-01 2022-11-30 11685908 2022-11-30 11685908 2021-11-30 11685908 bus:Director1 2022-12-01 2023-11-30 11685908 core:WithinOneYear 2023-11-30 11685908 core:WithinOneYear 2022-11-30 11685908 core:ShareCapital 2023-11-30 11685908 core:ShareCapital 2022-11-30 11685908 core:RetainedEarningsAccumulatedLosses 2023-11-30 11685908 core:RetainedEarningsAccumulatedLosses 2022-11-30 11685908 bus:SmallEntities 2022-12-01 2023-11-30 11685908 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11685908 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11685908 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11685908 bus:FullAccounts 2022-12-01 2023-11-30 11685908 core:OfficeEquipment 2022-12-01 2023-11-30 11685908 core:OfficeEquipment 2022-11-30 11685908 core:OfficeEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 11685908
Salt Partnership Limited
Filleted Unaudited Financial Statements
30 November 2023
Salt Partnership Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
3,133
4,247
Current assets
Cash at bank and in hand
1,887
10,038
Creditors: amounts falling due within one year
6
24,213
32,841
--------
--------
Net current liabilities
22,326
22,803
--------
--------
Total assets less current liabilities
( 19,193)
( 18,556)
--------
--------
Net liabilities
( 19,193)
( 18,556)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 19,195)
( 18,558)
--------
--------
Shareholders deficit
( 19,193)
( 18,556)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
Mr N Khosla
Director
Company registration number: 11685908
Salt Partnership Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 76 King Street, Manchester, M2 4NH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2022
7,453
7,453
Additions
999
999
-------
-------
At 30 November 2023
8,452
8,452
-------
-------
Depreciation
At 1 December 2022
3,206
3,206
Charge for the year
2,113
2,113
-------
-------
At 30 November 2023
5,319
5,319
-------
-------
Carrying amount
At 30 November 2023
3,133
3,133
-------
-------
At 30 November 2022
4,247
4,247
-------
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
545
458
Other creditors
23,668
32,383
--------
--------
24,213
32,841
--------
--------