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Company Registration No. 12559772 (England and Wales)
Salinity Solutions Ltd Unaudited accounts for the year ended 30 June 2023
Salinity Solutions Ltd Unaudited accounts Contents
Page
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Salinity Solutions Ltd Company Information for the year ended 30 June 2023
Directors
Timothy Naughton Richard Bruges Wayne Hickling Stephen Dunn
Company Number
12559772 (England and Wales)
Registered Office
Silverstream House 45 Fitzroy Street London W1T 6EB
Accountants
SA Ledgers Ltd 57 Canbury Park Road Kingston KT2 6LQ
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Salinity Solutions Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,424 
1,827 
Current assets
Debtors
12,449 
4,109 
Cash at bank and in hand
188,782 
114,583 
201,231 
118,692 
Creditors: amounts falling due within one year
(62,890)
(31,421)
Net current assets
138,341 
87,271 
Net assets
143,765 
89,098 
Capital and reserves
Called up share capital
174 
149 
Share premium
1,565,037 
842,610 
Profit and loss account
(1,421,446)
(753,661)
Shareholders' funds
143,765 
89,098 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
Richard Bruges Director Company Registration No. 12559772
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Salinity Solutions Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Salinity Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12559772. The registered office is Silverstream House, 45 Fitzroy Street, London, W1T 6EB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
Government grants
Government grants in relation to tangible fixed assets 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.
Going concern
The directors of Salinity Solutions Ltd in preparing the Accounts for the Period ending 30th June 2022 considered the Company to be carrying on business as a Going Concern, in accordance within the provisions under FRS 102 Section 1A. When preparing financial statements, In assessing whether the going concern assumption is appropriate, management had taken into account all available information about the future, which was at least, but is not limited to, twelve months from the date when the financial statements were authorised for issue. In dealing with areas of uncertainty and when management is aware, in making its assessment of material uncertainties relating to events or conditions that cast significant doubt upon the entity’s ability to continue as a going concern, the entity shall disclose those uncertainties. No such disclosures were considered necessary in preparing the Financial Statements. The directors are able to conclude that no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern exist at the date of signing.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Salinity Solutions Ltd Notes to the Accounts for the year ended 30 June 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
- 
2,248 
2,248 
Additions
1,500 
3,773 
5,273 
At 30 June 2023
1,500 
6,021 
7,521 
Depreciation
At 1 July 2022
- 
421 
421 
Charge for the year
125 
1,551 
1,676 
At 30 June 2023
125 
1,972 
2,097 
Net book value
At 30 June 2023
1,375 
4,049 
5,424 
At 30 June 2022
- 
1,827 
1,827 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
8,134 
3,020 
Accrued income and prepayments
4,315 
1,089 
12,449 
4,109 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
26,541 
18,371 
Taxes and social security
18,097 
11,537 
Other creditors
6,502 
1,513 
Accruals
1,750 
- 
Deferred income
10,000 
- 
62,890 
31,421 
7
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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