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Company Registration No. 03542233 (England and Wales)
SAL TEXTILE LIMITED Unaudited accounts for the year ended 30 April 2023
SAL TEXTILE LIMITED Unaudited accounts Contents
Page
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SAL TEXTILE LIMITED Company Information for the year ended 30 April 2023
Director
Mr S T Salahi
Company Number
03542233 (England and Wales)
Registered Office
18A Lower Clapton Road London E5 0PD England
Accountants
Tatar Brothers & Co Accountants 40 Willoughby Road Hornsey London N8 0JG
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SAL TEXTILE LIMITED Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,110 
1,306 
Current assets
Inventories
31,453 
26,458 
Debtors
12,698 
12,698 
Cash at bank and in hand
17,584 
12,194 
61,735 
51,350 
Creditors: amounts falling due within one year
(60,258)
(2,116)
Net current assets
1,477 
49,234 
Net assets
2,587 
50,540 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,585 
50,538 
Shareholders' funds
2,587 
50,540 
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 13 February 2024 and were signed on its behalf by
Mr S T Salahi Director Company Registration No. 03542233
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SAL TEXTILE LIMITED Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
SAL TEXTILE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03542233. The registered office is 18A , Lower Clapton Road, London, E5 0PD, England.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss. The entity received Retail Hospitality and Leisure grant amounting to £9,482 during the year.
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SAL TEXTILE LIMITED Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
3,460 
16,990 
20,450 
At 30 April 2023
3,460 
16,990 
20,450 
Depreciation
At 1 May 2022
3,460 
15,684 
19,144 
Charge for the year
- 
196 
196 
At 30 April 2023
3,460 
15,880 
19,340 
Net book value
At 30 April 2023
- 
1,110 
1,110 
At 30 April 2022
- 
1,306 
1,306 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
12,698 
12,698 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,071 
979 
Loans from directors
59,187 
1,137 
60,258 
2,116 
7
Controlling party
The company is under the control of the director, S T Salahi, by virtue of his shareholding of the company's issued share capital.
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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