Salcey Group Limited 14111664 false 2022-05-17 2023-05-31 2023-05-31 The principal activity of the company is that of Other transportation support activities Digita Accounts Production Advanced 6.30.9574.0 true true 14111664 2022-05-17 2023-05-31 14111664 2023-05-31 14111664 bus:OrdinaryShareClass1 bus:OtherShareType 2023-05-31 14111664 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14111664 core:OfficeEquipment 2023-05-31 14111664 bus:SmallEntities 2022-05-17 2023-05-31 14111664 bus:AuditExemptWithAccountantsReport 2022-05-17 2023-05-31 14111664 bus:FullAccounts 2022-05-17 2023-05-31 14111664 bus:SmallCompaniesRegimeForAccounts 2022-05-17 2023-05-31 14111664 bus:RegisteredOffice 2022-05-17 2023-05-31 14111664 bus:Director1 2022-05-17 2023-05-31 14111664 bus:OrdinaryShareClass1 bus:OtherShareType 2022-05-17 2023-05-31 14111664 bus:PrivateLimitedCompanyLtd 2022-05-17 2023-05-31 14111664 core:OfficeEquipment 2022-05-17 2023-05-31 14111664 core:AllAssociates 2022-05-17 2023-05-31 14111664 countries:England 2022-05-17 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14111664

Salcey Group Limited

Annual Report and Unaudited Financial Statements

for the Period from 17 May 2022 to 31 May 2023

 

Salcey Group Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Salcey Group Limited

Company Information

Director

Mr M A Johnson

Registered office

43 School Lane
Hartwell
Northampton
NN7 2HL

Accountants

KRW Accountants Ltd
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

 

Salcey Group Limited

(Registration number: 14111664)
Balance Sheet as at 31 May 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

667

Current assets

 

Cash at bank and in hand

 

13,586

Creditors: Amounts falling due within one year

5

(5,030)

Net current assets

 

8,556

Net assets

 

9,223

Capital and reserves

 

Called up share capital

100

Retained earnings

9,123

Shareholders' funds

 

9,223

For the financial period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 February 2024
 

.........................................
Mr M A Johnson
Director

 

Salcey Group Limited

Notes to the Unaudited Financial Statements for the Period from 17 May 2022 to 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
43 School Lane
Hartwell
Northampton
NN7 2HL
England

These financial statements were authorised for issue by the director on 14 February 2024.

The company registration number is 14111664

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Salcey Group Limited

Notes to the Unaudited Financial Statements for the Period from 17 May 2022 to 31 May 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Salcey Group Limited

Notes to the Unaudited Financial Statements for the Period from 17 May 2022 to 31 May 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

744

744

At 31 May 2023

744

744

Depreciation

Charge for the period

77

77

At 31 May 2023

77

77

Carrying amount

At 31 May 2023

667

667

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

210

Taxation and social security

 

4,707

Accruals and deferred income

 

72

Other creditors

 

41

 

5,030

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £1 each

100

100

     

7

Related party transactions

Summary of transactions with associates

At the balance sheet date, the company owed £210 to Johnson Haulage Ltd, a company under common control.