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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
Page
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SALVAGE AND SPARES UK LIMITED Company Information for the year ended 31 October 2023
Director
JAVAID IQBAL
Company Number
9829492 (England and Wales)
Registered Office
33 Hanger Lane London London W5 3HJ England
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SALVAGE AND SPARES UK LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,448 
2,448 
Current assets
Inventories
325 
15,250 
Debtors
33,284 
25,819 
Cash at bank and in hand
325 
266 
33,934 
41,335 
Creditors: amounts falling due within one year
(36,500)
(43,706)
Net current liabilities
(2,566)
(2,371)
Net (liabilities)/assets
(118)
77 
Capital and reserves
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
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SALVAGE AND SPARES UK LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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. 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:
Fixtures & fittings
Computer equipment
18%
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 
Depreciation
At 1 November 2022
11,000 
- 
11,000 
At 31 October 2023
11,000 
- 
11,000 
Net book value
At 31 October 2023
- 
2,448 
2,448 
At 31 October 2022
- 
2,448 
2,448 
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SALVAGE AND SPARES UK LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
36,500 
43,706 
7
Share capital
2023 
2022 
£ 
£ 
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).
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