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REGISTERED NUMBER: 03331485 (England and Wales)








FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024

FOR

SALTWATER COMMUNICATIONS LIMITED

SALTWATER COMMUNICATIONS LIMITED (REGISTERED NUMBER:

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALTWATER COMMUNICATIONS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024







DIRECTORS: Mr C Bartlett
Mrs G Bartlett





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 03331485 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

SALTWATER COMMUNICATIONS LIMITED (REGISTERED NUMBER:

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,551
Tangible assets 5 3,739 5,608
3,739 8,159

CURRENT ASSETS
Debtors 6 74,388 100,433
Cash at bank and in hand 67,264 132,830
141,652 233,263
CREDITORS
Amounts falling due within one year 7 113,252 258,086
NET CURRENT ASSETS/(LIABILITIES) 28,400 (24,823 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,139

(16,664

)

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 32,127 (16,676 )
SHAREHOLDERS' FUNDS 32,139 (16,664 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

SALTWATER COMMUNICATIONS LIMITED (REGISTERED NUMBER:

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Mrs G Bartlett - Director


SALTWATER COMMUNICATIONS LIMITED (REGISTERED NUMBER:

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024


1. STATUTORY INFORMATION

Saltwater Communications 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 services provided during the period, exclusive of Value Added Tax.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 25 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SALTWATER COMMUNICATIONS LIMITED (REGISTERED NUMBER:

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023
and 31 July 2024 7,655
AMORTISATION
At 1 April 2023 5,104
Amortisation for period 2,551
At 31 July 2024 7,655
NET BOOK VALUE
At 31 July 2024 -
At 31 March 2023 2,551

SALTWATER COMMUNICATIONS LIMITED (REGISTERED NUMBER:

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 July 2024 15,826 31,429 77,758 125,013
DEPRECIATION
At 1 April 2023 15,826 31,429 72,150 119,405
Charge for period - - 1,869 1,869
At 31 July 2024 15,826 31,429 74,019 121,274
NET BOOK VALUE
At 31 July 2024 - - 3,739 3,739
At 31 March 2023 - - 5,608 5,608

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,595 82,205
Other debtors 9,793 18,228
74,388 100,433

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,369 120,584
Taxation and social security 17,222 19,879
Other creditors 62,661 117,623
113,252 258,086

SALTWATER COMMUNICATIONS LIMITED (REGISTERED NUMBER:

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 JULY 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2024 and the year ended 31 March 2023:

2024 2023
£    £   
Mrs G Bartlett
Balance outstanding at start of period 9,153 33,000
Amounts advanced - 9,153
Amounts repaid (9,153 ) (33,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 9,153