Company Registration No. 9829492 (England and Wales)
SALVAGE AND SPARES UK LIMITED
Unaudited accounts
for the year ended 31 October 2023
SALVAGE AND SPARES UK LIMITED
Unaudited accounts
Contents
SALVAGE AND SPARES UK LIMITED
Company Information
for the year ended 31 October 2023
Company Number
9829492 (England and Wales)
Registered Office
33 Hanger Lane
London
London
W5 3HJ
England
SALVAGE AND SPARES UK LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
2,448
2,448
Cash at bank and in hand
325
266
Creditors: amounts falling due within one year
(36,500)
(43,706)
Net current liabilities
(2,566)
(2,371)
Net (liabilities)/assets
(118)
77
Called up share capital
1
1
Profit and loss account
(119)
76
Shareholders' funds
(118)
77
For the year ending 31 October 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 31 July 2024 and were signed on its behalf by
JAVAID IQBAL
Director
Company Registration No. 9829492
SALVAGE AND SPARES UK LIMITED
Notes to the Accounts
for the year ended 31 October 2023
SALVAGE AND SPARES UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9829492. The registered office is 33 Hanger Lane, London, London, W5 3HJ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The company has a very little work in this financial year and incurring loss because of lack of business and fixed overheads. It has been decided to close the company if the situation remains the same.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
11,000
2,448
13,448
At 31 October 2023
11,000
2,448
13,448
At 1 November 2022
11,000
-
11,000
At 31 October 2023
11,000
-
11,000
At 31 October 2023
-
2,448
2,448
At 31 October 2022
-
2,448
2,448
SALVAGE AND SPARES UK LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Other debtors
33,284
25,819
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
36,500
43,200
Taxes and social security
-
506
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2022: 1).