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REGISTERED NUMBER: 10392925 (England and Wales)















SALT TOWN LIMITED
T/A
THE SALTY DOG

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






SALT TOWN LIMITED (REGISTERED NUMBER: 10392925)
T/A THE SALTY DOG






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALT TOWN LIMITED
T/A THE SALTY DOG

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Mundie
G A Sawyer





REGISTERED OFFICE: 6 Weir Street
Northwich
Cheshire
CW9 5HL





REGISTERED NUMBER: 10392925 (England and Wales)





ACCOUNTANTS: Murray Smith LLP
Chartered Accountants
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

SALT TOWN LIMITED (REGISTERED NUMBER: 10392925)
T/A THE SALTY DOG

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,283 51,339

CURRENT ASSETS
Stocks 15,908 18,366
Debtors 5 10,000 10,000
Cash at bank and in hand 61,676 24,601
87,584 52,967
CREDITORS
Amounts falling due within one year 6 50,977 75,115
NET CURRENT ASSETS/(LIABILITIES) 36,607 (22,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,890

29,191

CREDITORS
Amounts falling due after more than one
year

7

201,710

35,328
NET LIABILITIES (127,820 ) (6,137 )

CAPITAL AND RESERVES
Called up share capital 8 33,333 33,333
Retained earnings (161,153 ) (39,470 )
SHAREHOLDERS' FUNDS (127,820 ) (6,137 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

SALT TOWN LIMITED (REGISTERED NUMBER: 10392925)
T/A THE SALTY DOG

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:




C Mundie - Director



G A Sawyer - Director


SALT TOWN LIMITED (REGISTERED NUMBER: 10392925)
T/A THE SALTY DOG

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Salt Town Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 30 ) .

SALT TOWN LIMITED (REGISTERED NUMBER: 10392925)
T/A THE SALTY DOG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 14,525 41,023 45,203 100,751
Additions - - 1,210 1,210
At 31 December 2023 14,525 41,023 46,413 101,961
DEPRECIATION
At 1 January 2023 8,118 22,241 19,053 49,412
Charge for year 1,453 5,424 8,389 15,266
At 31 December 2023 9,571 27,665 27,442 64,678
NET BOOK VALUE
At 31 December 2023 4,954 13,358 18,971 37,283
At 31 December 2022 6,407 18,782 26,150 51,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,000 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,556 8,523
Taxation and social security 12,327 60,492
Other creditors 32,094 6,100
50,977 75,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,868 5,000
Other creditors 174,842 30,328
201,710 35,328

Amounts falling due in more than five years:

Repayable by instalments
Bank loan - over 5 years 54,880 20,328

SALT TOWN LIMITED (REGISTERED NUMBER: 10392925)
T/A THE SALTY DOG

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 33,333 33,333