REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements |
for the Period 15 June 2023 to 31 December 2023 |
for |
SALTO LABS UK LIMITED |
REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements |
for the Period 15 June 2023 to 31 December 2023 |
for |
SALTO LABS UK LIMITED |
SALTO LABS UK LIMITED (REGISTERED NUMBER: 14937255) |
Contents of the Financial Statements |
FOR THE PERIOD 15 JUNE 2023 TO 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
SALTO LABS UK LIMITED |
Company Information |
FOR THE PERIOD 15 JUNE 2023 TO 31 DECEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SALTO LABS UK LIMITED (REGISTERED NUMBER: 14937255) |
Report of the Director |
FOR THE PERIOD 15 JUNE 2023 TO 31 DECEMBER 2023 |
The director presents his report with the financial statements of the company for the period 15 June 2023 to 31 December 2023. |
INCORPORATION |
The company was incorporated on 15 June 2023 . |
DIRECTOR |
The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
SALTO LABS UK LIMITED (REGISTERED NUMBER: 14937255) |
Income Statement |
FOR THE PERIOD 15 JUNE 2023 TO 31 DECEMBER 2023 |
£ |
TURNOVER |
Administrative expenses |
OPERATING LOSS and |
LOSS BEFORE TAXATION | ( |
) |
Tax on loss |
LOSS FOR THE FINANCIAL PERIOD |
( |
) |
SALTO LABS UK LIMITED (REGISTERED NUMBER: 14937255) |
Balance Sheet |
31 DECEMBER 2023 |
Notes | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The director acknowledges his 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 were approved by the director and authorised for issue on |
SALTO LABS UK LIMITED (REGISTERED NUMBER: 14937255) |
Notes to the Financial Statements |
FOR THE PERIOD 15 JUNE 2023 TO 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Salto Labs UK Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies. |
All amounts have been rounded to the nearest £1 pound sterling, unless otherwise indicated. |
Taxation |
Taxation for the period 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 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. |
Foreign currencies |
The company's functional and presentational currency is GBP. |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
Going concern |
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least twelve months from the date of signing this report. The Company relies on the continued support from its parent company Salto Labs Inc. which has confirmed that it will continue to provide this for the foreseeable future. On that basis, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
SALTO LABS UK LIMITED (REGISTERED NUMBER: 14937255) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 15 JUNE 2023 TO 31 DECEMBER 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
5. | RELATED PARTY DISCLOSURES |
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. |
6. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of Salto Labs Inc. a company incorporated in Delaware, USA whose principal address is 1160 Battery Street East, San Francisco, CA 94111 USA. |