2022-08-01 08620849 2023-07-31 08620849 2022-08-01 2023-07-31 08620849 2022-07-31 08620849 2021-08-01 2022-07-31 08620849 uk-core:WithinOneYear 2022-07-31 08620849 uk-core:WithinOneYear 2023-07-31 08620849 uk-core:ShareCapital 2023-07-31 08620849 uk-core:ShareCapital 2022-07-31 08620849 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 08620849 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 08620849 uk-bus:Director1 2022-08-01 2023-07-31 08620849 uk-bus:Director2 2022-08-01 2023-07-31 08620849 uk-core:PlantMachinery 2022-08-01 2023-07-31 08620849 uk-core:OfficeEquipment 2022-08-01 2023-07-31 08620849 uk-core:FurnitureFittings 2022-08-01 2023-07-31 08620849 uk-core:OfficeEquipment 2022-07-31 08620849 uk-core:FurnitureFittings 2022-07-31 08620849 uk-core:PlantMachinery 2022-07-31 08620849 uk-core:PlantMachinery 2023-07-31 08620849 uk-core:FurnitureFittings 2023-07-31 08620849 uk-core:OfficeEquipment 2023-07-31 08620849 uk-core:AfterOneYear 2023-07-31 08620849 uk-core:AfterOneYear 2022-07-31 08620849 uk-core:WithinOneYear 2023-07-31 08620849 uk-core:WithinOneYear 2022-07-31 08620849 2 uk-bus:Director1 2022-08-01 2023-07-31 08620849 2 uk-bus:Director1 2023-07-31 08620849 2 uk-bus:Director1 2022-07-31 08620849 3 uk-bus:Director2 2022-08-01 2023-07-31 08620849 3 uk-bus:Director2 2023-07-31 08620849 3 uk-bus:Director2 2022-07-31 08620849 4 uk-bus:Director3 2022-08-01 2023-07-31 08620849 4 uk-bus:Director3 2023-07-31 08620849 4 uk-bus:Director3 2022-07-31 08620849 70 uk-bus:Director1 2022-08-01 2023-07-31 08620849 70 uk-bus:Director1 2023-07-31 08620849 73 uk-bus:Director2 2022-08-01 2023-07-31 08620849 73 uk-bus:Director2 2023-07-31 08620849 74 uk-bus:Director3 2022-08-01 2023-07-31 08620849 74 uk-bus:Director3 2023-07-31 iso4217:GBP xbrli:pure 08620849 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 08620849 uk-bus:FRS102 2022-08-01 2023-07-31 08620849 uk-bus:FullAccounts 2022-08-01 2023-07-31 08620849 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Saltan Limited
Registered Number:08620849
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Saltan Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08620849
As at 31 July 2023
Saltan Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
2,752
5,410
2
2,752
5,410
Current assets
Inventories
1,620
960
3
Trade and other receivables
23,608
26,827
4
10,196
Cash and cash equivalents
26,288
54,075
35,424
Trade and other payables: amounts falling due within one
year
(38,475)
(54,154)
5
(3,051)
(79)
Net current liabilities
Total assets less current liabilities
2,673
2,359
(154)
(1,028)
Provisions for liabilities
2,519
Net assets
1,331
Capital and reserves
Called up share capital
2,500
2,500
Retained earnings
19
(1,169)
2,519
1,331
Shareholders' funds
For the year ended 31 July 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Michael John Scorer Director
Alexander Justin Gulati Director
These financial statements were approved and authorised for issue by the Board on 10 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2023
Saltan Limited
Notes to the Financial Statements
Statutory Information
Saltan Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
08620849.
Registered address:
20-22 Wenlock Road
London
N1 7GU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
30% Straight line
30% Straight line
Office equipment
30% Straight line
Fixtures and fittings
Inventories
Stocks and work in progress is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 July 2023
Saltan Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 August 2022
12,000
7,953
1,556
2,491
At 31 July 2023
2,491
1,556
7,953
12,000
Provision for depreciation and impairment
At 01 August 2022
6,590
4,444
944
1,202
Charge for year
2,658
1,825
354
479
At 31 July 2023
9,248
6,269
1,298
1,681
At 31 July 2023
Net book value
810
258
1,684
2,752
At 31 July 2022
1,289
612
3,509
5,410
3. Inventories
2022
2023
£
£
Stocks
960
1,620
4. Trade and other receivables
2022
2023
£
£
Trade debtors
8,817
11,980
Other debtors
18,010
11,628
23,608
26,827
The debtors above include the following amounts falling due after more than one year:
Other debtors
2,961
2,961
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6
For the year ended 31 July 2023
Saltan Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
26,399
29,888
Trade creditors
25,318
5,423
Taxation and social security
1,520
1,989
Other creditors
917
1,175
54,154
38,475
6. Directors advances and guarantees
At 01/08/2022
Loaned
At 31/07/2023
£
£
£
Michael John Scorer
Loan
7,550
2,892
4,658
7,550
2,892
4,658
Ricky David Hanslip
Loan
2,742
2,379
363
2,742
2,379
363
Alexander Justin Gulati
Loan
1,975
1,919
56
1,975
1,919
56
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7
For the year ended 31 July 2023
Saltan Limited
Notes to the Financial Statements Continued
7. Guarantees and other financial commitments
Guarantees and contingent assets and liabilities
Amount paid
and liability
incurred
£
£
Maximum
liability
Michael John Scorer
Joint and several personal guarantee to NatWest bank re overdraft facility granted to the company
6,000
-
6,000
-
Ricky David Hanslip
Joint and several personal guarantee to NatWest bank re overdraft facility granted to the company
6,000
-
6,000
-
Alexander Justin Gulati
Joint and several personal guarantee to NatWest bank re overdraft facility granted to the company
6,000
-
6,000
-
8. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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