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REGISTERED NUMBER: 13661864 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SALVA UK & IRELAND LIMITED

SALVA UK & IRELAND LIMITED (REGISTERED NUMBER: 13661864)

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


SALVA UK & IRELAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr D L Arratibel
Mr S Canaleta


REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
LE1 7RU


REGISTERED NUMBER: 13661864 (England and Wales)


SENIOR STATUTORY AUDITOR: Mr Phillip Bott FCA


AUDITORS: Mark J Rees LLP Chartered Accountants
and Statutory Auditors
Granville Hall
Granville Road
Leicester
LE1 7RU


BANKERS: Santander UK
Merseyside
L30 4GB

SALVA UK & IRELAND LIMITED (REGISTERED NUMBER: 13661864)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,009 -

CURRENT ASSETS
Debtors 5 141,323 38,247
Cash at bank 12,181 72,363
153,504 110,610
CREDITORS
Amounts falling due within one year 6 42,681 3,219
NET CURRENT ASSETS 110,823 107,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,832

107,391

PROVISIONS FOR LIABILITIES 502 -
NET ASSETS 112,330 107,391

CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Retained earnings 12,330 7,391
SHAREHOLDERS' FUNDS 112,330 107,391

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 1 March 2024 and were signed on its behalf by:





Mr D L Arratibel - Director


SALVA UK & IRELAND LIMITED (REGISTERED NUMBER: 13661864)

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


1. STATUTORY INFORMATION

Salva UK & Ireland 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue comprises the fair value of the sale of services, excluding value added taxes and represents net invoice value less estimated rebates and settlement discounts.

The company supplies goods to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on provision of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

SALVA UK & IRELAND LIMITED (REGISTERED NUMBER: 13661864)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 2,472
At 31 December 2023 2,472
DEPRECIATION
Charge for year 463
At 31 December 2023 463
NET BOOK VALUE
At 31 December 2023 2,009

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 66,801 -
Amounts owed by group undertakings 73,927 17,036
Other debtors 595 21,211
141,323 38,247

SALVA UK & IRELAND LIMITED (REGISTERED NUMBER: 13661864)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 986
Taxation and social security 11,845 2,233
Other creditors 30,836 -
42,681 3,219

7. CALLED UP SHARE CAPITAL

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

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Phillip Bott FCA (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants

9. ULTIMATE CONTROLLING PARTY

The company's parent company and controlling party is Salva Industrial SLU, incorporated in Spain. Copies of the group accounts can be obtained from The Central Mercantile Register, Príncipe de Vergara 94, 28006 Madrid, Spain.

The company's ultimate parent company is Insalhol 2018 S.L, incorporated in Spain.