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Company Registration No. 03285995 (England and Wales)
SALTWELL SYSTEMS LIMITED Unaudited accounts for the year ended 31 December 2023
SALTWELL SYSTEMS LIMITED Unaudited accounts Contents
Page
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SALTWELL SYSTEMS LIMITED Company Information for the year ended 31 December 2023
Director
Mark Hubbuck
Company Number
03285995 (England and Wales)
Registered Office
69 CASTELLAN AVENUE GIDEA PARK ROMFORD RM2 6ED ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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SALTWELL SYSTEMS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
63 
84 
Investments
105,266 
105,266 
105,329 
105,350 
Current assets
Cash at bank and in hand
12,100 
14,328 
Creditors: amounts falling due within one year
(10,115)
(9,803)
Net current assets
1,985 
4,525 
Net assets
107,314 
109,875 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
107,310 
109,871 
Shareholders' funds
107,314 
109,875 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2024 and were signed on its behalf by
Mark Hubbuck Director Company Registration No. 03285995
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SALTWELL SYSTEMS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SALTWELL SYSTEMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03285995. The registered office is 69 CASTELLAN AVENUE, GIDEA PARK, ROMFORD, RM2 6ED, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
10,881 
At 31 December 2023
10,881 
Depreciation
At 1 January 2023
10,797 
Charge for the year
21 
At 31 December 2023
10,818 
Net book value
At 31 December 2023
63 
At 31 December 2022
84 
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
105,266 
Valuation at 31 December 2023
105,266 
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SALTWELL SYSTEMS LIMITED Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
9,936 
9,624 
Accruals
179 
179 
10,115 
9,803 
7
Average number of employees
During the year the average number of employees was 0 (2022: 1).
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