IRIS Accounts Production v24.1.9.2 12196382 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121963822023-06-30121963822024-06-30121963822023-07-012024-06-30121963822022-06-30121963822022-07-012023-06-30121963822023-06-3012196382ns15:EnglandWales2023-07-012024-06-3012196382ns14:PoundSterling2023-07-012024-06-3012196382ns10:Director12023-07-012024-06-3012196382ns10:Director22023-07-012024-06-3012196382ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3012196382ns10:SmallEntities2023-07-012024-06-3012196382ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3012196382ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3012196382ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3012196382ns10:AbridgedAccounts2023-07-012024-06-301219638212023-07-012024-06-3012196382ns10:OrdinaryShareClass12023-07-012024-06-3012196382ns10:Director32023-07-012024-06-3012196382ns10:RegisteredOffice2023-07-012024-06-3012196382ns5:CurrentFinancialInstruments2024-06-3012196382ns5:CurrentFinancialInstruments2023-06-3012196382ns5:Non-currentFinancialInstruments2024-06-3012196382ns5:Non-currentFinancialInstruments2023-06-3012196382ns5:ShareCapital2024-06-3012196382ns5:ShareCapital2023-06-3012196382ns5:RetainedEarningsAccumulatedLosses2024-06-3012196382ns5:RetainedEarningsAccumulatedLosses2023-06-3012196382ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3012196382ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-012024-06-3012196382ns5:ComputerEquipment2023-07-012024-06-3012196382ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-06-3012196382ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-06-3012196382ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 12196382 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Salt Cybersecurity Ltd

Salt Cybersecurity Ltd (Registered number: 12196382)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Salt Cybersecurity Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr R A Parris
Mr R M Oakley
Mr M Schlatter





REGISTERED OFFICE: 3rd Floor Suite
207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: 12196382 (England and Wales)





ACCOUNTANTS: DansonOsborne Accountants Ltd
Chartered Certified Accountants
Aishling House
6a Hayes Road
Deanshanger
Milton Keynes
Buckinghamshire
MK19 6HW

Salt Cybersecurity Ltd (Registered number: 12196382)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,737
Tangible assets 5 1,630 2,255
1,630 5,992

CURRENT ASSETS
Debtors 6 283,420 336,289
Cash at bank and in hand 157,153 90,210
440,573 426,499
CREDITORS
Amounts falling due within one year 120,295 114,512
NET CURRENT ASSETS 320,278 311,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,908

317,979

CREDITORS
Amounts falling due after more than
one year

270,572

262,438
NET ASSETS 51,336 55,541

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 51,236 55,441
SHAREHOLDERS' FUNDS 51,336 55,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 Cybersecurity Ltd (Registered number: 12196382)

Abridged Balance Sheet - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 August 2024 and were signed on its behalf by:




Mr R A Parris - Director



Mr R M Oakley - Director


Salt Cybersecurity Ltd (Registered number: 12196382)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Salt Cybersecurity 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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.

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 4 (2023 - 4 ) .

Salt Cybersecurity Ltd (Registered number: 12196382)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 4,152
Disposals (4,152 )
At 30 June 2024 -
AMORTISATION
At 1 July 2023 415
Eliminated on disposal (415 )
At 30 June 2024 -
NET BOOK VALUE

At 30 June 2024 -
At 30 June 2023 3,737

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 4,545
Additions 178
At 30 June 2024 4,723
DEPRECIATION
At 1 July 2023 2,290
Charge for year 803
At 30 June 2024 3,093
NET BOOK VALUE
At 30 June 2024 1,630
At 30 June 2023 2,255

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 53,280 -

Salt Cybersecurity Ltd (Registered number: 12196382)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1.00 100 100

8. RELATED PARTY DISCLOSURES

As at the year end, the parent company of Salt Cybersecurity Ltd owed £55,000 (2023: £50,000). During the year, the sale of goods and services between the parties totalled £90,669 (2023: £72,588).

As at the year end, a related party of Salt Cybersecurity Ltd owed £48,222 (2023: £68,825). During the year, the sale of goods and services between the parties totalled £417,289 (2023: £216,450).

All outstanding balances in relation to the sale and purchase of goods and services with its parent and related party are priced based on the Company's list price and are to be settled within 30 days of the reporting date. None of the balances are secured. No expense has been recognised in the current year or prior year for bad or doubtful debts in respect of amounts owed by the parent or related party.