Company Registration No. 10956223 (England and Wales)
SALESWIRE LTD
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
SALESWIRE LTD
BALANCE SHEET
AS AT
29 MARCH 2023
29 March 2023
1
29 March 2023
30 September 2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
58
Current assets
Debtors
4
1,008
3,730
Cash at bank and in hand
-
0
927
1,008
4,657
Creditors: amounts falling due within one year
5
(3,078)
(5,423)
Net current liabilities
(2,070)
(766)
Net liabilities
(2,070)
(708)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(2,071)
(709)
Total equity
(2,070)
(708)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 29 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SALESWIRE LTD
BALANCE SHEET (CONTINUED)
AS AT
29 MARCH 2023
29 March 2023
2
The financial statements were approved and signed by the director and authorised for issue on 5 March 2024
Mr HJ Sewell
Director
Company Registration No. 10956223
SALESWIRE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 MARCH 2023
3
1
Accounting policies
Company information

Saleswire Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 20-22 Wenlock Road, London, N1 7GU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is reliant on the continued support of its directortrue and creditors. The director considers it appropriate to prepare the accounts on a going concern basis.

1.3
Reporting period

These accounts are for the 18 months to 29 March 2023. The comparatives are for the year to 30 September 2021.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SALESWIRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 MARCH 2023
1
Accounting policies (Continued)
4
1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences between the treatment for certain items for taxation and accounting purposes. Deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2021: 1).

SALESWIRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 MARCH 2023
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2021
235
Disposals
(235)
At 29 March 2023
-
0
Depreciation and impairment
At 1 October 2021
177
Depreciation charged in the period
58
Eliminated in respect of disposals
(235)
At 29 March 2023
-
0
Carrying amount
At 29 March 2023
-
0
At 30 September 2021
58
4
Debtors
2023
2021
Amounts falling due within one year:
£
£
Other debtors
1,008
3,730
5
Creditors: amounts falling due within one year
2023
2021
£
£
Taxation and social security
-
0
1,075
Other creditors
3,078
4,348
3,078
5,423
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