Registered Number:08620849 |
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2023
Saltan Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Saltan Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
2,752
5,410
2
2,752
5,410
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
2,500
2,500
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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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. |
20-22 Wenlock Road
London
N1 7GU
The presentation currency is £ sterling. |
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
Office equipment
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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For the year ended 31 July 2023
Saltan Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
12,000
7,953
1,556
2,491
2,491
1,556
7,953
12,000
Provision for depreciation and impairment |
6,590
4,444
944
1,202
Charge for year
2,658
1,825
354
479
9,248
6,269
1,298
1,681
810
258
1,684
2,752
1,289
612
3,509
5,410
2022
2023
960
1,620
4. Trade and other receivables |
2022
2023
8,817
11,980
18,010
11,628
23,608
26,827
The debtors above include the following amounts falling due after more than one year: |
2,961
2,961
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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
26,399
29,888
25,318
5,423
Taxation and social security |
1,520
1,989
917
1,175
54,154
38,475
6. Directors advances and guarantees |
Loaned
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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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 |
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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