Registration number:
Salty Holidays Limited
for the Year Ended 30 June 2023
Salty Holidays Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Salty Holidays Limited
Company Information
Directors |
D Giles G D Giles |
Company secretary |
D Giles |
Registered office |
|
Accountants |
|
Salty Holidays Limited
(Registration number: 08118498)
Balance Sheet as at 30 June 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Tangible fixed assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Retained earnings |
|
|
|
Shareholders' funds |
|
|
For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
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 prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
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.
The financial statements of Salty Holidays Limited were approved and authorised for issue by the
Salty Holidays Limited
(Registration number: 08118498)
Balance Sheet as at 30 June 2023 (continued)
.........................................
Company secretary and director
Salty Holidays Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023
General information |
Salty Holidays Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
Accounting policies |
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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 functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.
Critical judgements and key sources of estimation uncertainties
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.
Revenue recognition
Revenue 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. Revenue 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.
Salty Holidays Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023 (continued)
2 |
Accounting policies (continued) |
Tax
The tax expense for the period comprises current tax.
Tangible fixed assets
Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.
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 |
Freehold buildings |
2% on cost |
Equipment,fixtures and fittings |
20% on cost |
Goodwill
Goodwill consists of purchased goodwill.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
20% of purchased goodwill |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and bank balances.
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.
Financial instruments
Salty Holidays Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023 (continued)
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Intangible assets |
Goodwill |
Total |
|
Cost or valuation |
||
At 1 July 2022 |
|
|
At 30 June 2023 |
|
|
Amortisation |
||
At 1 July 2022 |
|
|
At 30 June 2023 |
|
|
Carrying amount |
||
At 30 June 2023 |
- |
- |
Salty Holidays Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023 (continued)
Tangible fixed assets |
Land and buildings |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
|||
At 1 July 2022 |
|
|
|
Additions |
- |
|
|
At 30 June 2023 |
|
|
|
Depreciation |
|||
At 1 July 2022 |
|
|
|
Charge for the year |
|
|
|
At 30 June 2023 |
|
|
|
Carrying amount |
|||
At 30 June 2023 |
|
|
|
At 30 June 2022 |
|
|
|
Included within the net book value of land and buildings above is £451,494 (2022 - £457,494) in respect of freehold land and buildings.
Debtors |
2023 |
2022 |
|
Prepayments |
|
|
|
|
Salty Holidays Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023 (continued)
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Due within one year |
||
Trade payables |
|
|
Accruals |
|
|
Deferred income |
|
|
|
|
Reserves |
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
|
Share capital |
Profit and loss account |
Total |
|
At 1 July 2022 |
100 |
501,188 |
501,288 |
Loss for the year |
- |
(14,008) |
(14,008) |
Total comprehensive income |
- |
(14,008) |
(14,008) |
Dividends |
2023 |
2022 |
|||
£ |
£ |
|||
Final dividend of £Nil (2022 - £ |
- |
25,000 |
||
There was a dividend waiver for 50 shares.
Salty Holidays Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 June 2023 (continued)
Share capital |
Allotted, called up and fully paid shares.
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |