Salty Dog Brands Limited 05359283 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is Wholesale of other food, including fish, crustaceans and molluscs Digita Accounts Production Advanced 6.30.9574.0 true 05359283 2022-09-01 2023-08-31 05359283 2023-08-31 05359283 core:CurrentFinancialInstruments 2023-08-31 05359283 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 05359283 core:Goodwill 2023-08-31 05359283 core:MotorVehicles 2023-08-31 05359283 core:PlantMachinery 2023-08-31 05359283 bus:SmallEntities 2022-09-01 2023-08-31 05359283 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 05359283 bus:FullAccounts 2022-09-01 2023-08-31 05359283 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 05359283 bus:RegisteredOffice 2022-09-01 2023-08-31 05359283 bus:CompanySecretaryDirector2 2022-09-01 2023-08-31 05359283 bus:Director1 2022-09-01 2023-08-31 05359283 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05359283 core:ComputerEquipment 2022-09-01 2023-08-31 05359283 core:MotorVehicles 2022-09-01 2023-08-31 05359283 core:PlantMachinery 2022-09-01 2023-08-31 05359283 countries:EnglandWales 2022-09-01 2023-08-31 05359283 2022-08-31 05359283 core:Goodwill 2022-08-31 05359283 core:MotorVehicles 2022-08-31 05359283 core:PlantMachinery 2022-08-31 05359283 2021-09-01 2022-08-31 05359283 2022-08-31 05359283 core:CurrentFinancialInstruments 2022-08-31 05359283 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 05359283 core:MotorVehicles 2022-08-31 05359283 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 05359283

Report of the Director and


Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

for
 

Salty Dog Brands Limited

 

Salty Dog Brands Limited

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

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Salty Dog Brands Limited

Company Information
for the Year Ended 31 August 2023

Directors:

Mr DA Willis

Mrs J E Willis

Company secretary:

Mrs J E Willis

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

05359283

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Salty Dog Brands Limited

(Registration number: 05359283)
Balance Sheet as at 31 August 2023

Note

31.08.23

31.08.22

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

5

 

57

 

213

CURRENT ASSETS

   

 

Stocks

6

60,310

 

34,516

 

Debtors

7

318,161

 

347,654

 

Cash at bank and in hand

 

204,173

 

227,169

 

 

582,644

 

609,339

 

CREDITORS

   

 

Creditors within 1yr

8

458,363

 

444,106

 

Net current assets

   

124,281

 

165,233

Net assets

   

124,338

 

165,446

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

124,238

 

165,346

Shareholders' funds

   

124,338

 

165,446

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

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.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 January 2024 and signed on its behalf by:
 

.........................................
Mr DA Willis
Director

 

Salty Dog Brands Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023

1.

General information

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

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the Board on 17 January 2024.

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.

The presentational currency is Pound Sterling (£).

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.

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

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.

 

Salty Dog Brands Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023 (continued)

2

Accounting policies (continued)

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:

Asset class

Depreciation method and rate

Motor vehicles

33% straight line basis

Computer equiptment

33% straight line basis

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3.

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Salty Dog Brands Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023 (continued)

4.

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2022

371,864

371,864

At 31 August 2023

371,864

371,864

Amortisation

At 1 September 2022

371,864

371,864

At 31 August 2023

371,864

371,864

Carrying amount

At 31 August 2023

-

-

5.

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2022

6,919

9,700

16,619

At 31 August 2023

6,919

9,700

16,619

Depreciation

At 1 September 2022

6,706

9,700

16,406

Charge for the year

156

-

156

At 31 August 2023

6,862

9,700

16,562

Carrying amount

At 31 August 2023

57

-

57

At 31 August 2022

213

-

213

6.

Stocks

31.08.23
£

31.08.22
£

Other inventories

60,310

34,516

 

Salty Dog Brands Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023 (continued)

7.

Debtors

31.08.23
£

31.08.22
£

Trade debtors

318,161

347,654

318,161

347,654

8.

Creditors

Creditors: amounts falling due within one year

31.08.23
£

31.08.22
£

Due within one year

Trade creditors

400,728

229,516

Taxation and social security

44,577

52,927

Accruals and deferred income

7,780

150,800

Other creditors

5,278

10,863

458,363

444,106

Included in other creditors is amount £4,496 owed to the directors on which no interest or repayment terms have been set.