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REGISTERED NUMBER: 14001881 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SALT PLATFORM LTD

SALT PLATFORM LTD (REGISTERED NUMBER: 14001881)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SALT PLATFORM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: E Bishop
G J Chiappini
J Dalton
D R Shiells





REGISTERED OFFICE: 44 Grand Parade
Brighton
BN2 9QA





REGISTERED NUMBER: 14001881 (England and Wales)





ACCOUNTANTS: Chariot House Limited
Chartered Accountants
44 Grand Parade
Brighton
East Sussex
BN2 9QA

SALT PLATFORM LTD (REGISTERED NUMBER: 14001881)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 185,347 187,050

CURRENT ASSETS
Debtors 5 92,233 52,239
Cash at bank 54 8,791
92,287 61,030
CREDITORS
Amounts falling due within one year 6 (308,752 ) (278,362 )
NET CURRENT LIABILITIES (216,465 ) (217,332 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,118

)

(30,282

)

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 (32,118 ) (31,282 )
SHAREHOLDERS' FUNDS (31,118 ) (30,282 )

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.

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 14 August 2024 and were signed on its behalf by:





J Dalton - Director


SALT PLATFORM LTD (REGISTERED NUMBER: 14001881)

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


1. STATUTORY INFORMATION

Salt Platform Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of 10 years.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

SALT PLATFORM LTD (REGISTERED NUMBER: 14001881)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 196,070
Additions 19,167
At 31 December 2023 215,237
AMORTISATION
At 1 January 2023 9,020
Charge for year 20,870
At 31 December 2023 29,890
NET BOOK VALUE
At 31 December 2023 185,347
At 31 December 2022 187,050

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 91,146 45,785
Other debtors 87 5,454
91,233 51,239

Amounts falling due after more than one year:
Other debtors 1,000 1,000

Aggregate amounts 92,233 52,239

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 12,000
Amounts owed to group undertakings 292,051 263,982
Other creditors 16,700 2,380
308,752 278,362

SALT PLATFORM LTD (REGISTERED NUMBER: 14001881)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary shares £ 0.0 1 1,000 1,000

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (31,282 )
Deficit for the year (836 )
At 31 December 2023 (32,118 )