Salthaus Limited 09467748 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of product design. Digita Accounts Production Advanced 6.30.9574.0 true true 09467748 2023-04-01 2024-03-31 09467748 2024-03-31 09467748 bus:OrdinaryShareClass1 2024-03-31 09467748 core:RetainedEarningsAccumulatedLosses 2024-03-31 09467748 core:ShareCapital 2024-03-31 09467748 core:CurrentFinancialInstruments 2024-03-31 09467748 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09467748 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09467748 core:FurnitureFittings 2024-03-31 09467748 core:OfficeEquipment 2024-03-31 09467748 bus:SmallEntities 2023-04-01 2024-03-31 09467748 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09467748 bus:FilletedAccounts 2023-04-01 2024-03-31 09467748 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09467748 bus:RegisteredOffice 2023-04-01 2024-03-31 09467748 bus:Director1 2023-04-01 2024-03-31 09467748 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09467748 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09467748 core:FurnitureFittings 2023-04-01 2024-03-31 09467748 core:OfficeEquipment 2023-04-01 2024-03-31 09467748 countries:EnglandWales 2023-04-01 2024-03-31 09467748 2023-03-31 09467748 core:FurnitureFittings 2023-03-31 09467748 core:OfficeEquipment 2023-03-31 09467748 2022-04-01 2023-03-31 09467748 2023-03-31 09467748 bus:OrdinaryShareClass1 2023-03-31 09467748 core:RetainedEarningsAccumulatedLosses 2023-03-31 09467748 core:ShareCapital 2023-03-31 09467748 core:CurrentFinancialInstruments 2023-03-31 09467748 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09467748 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09467748 core:FurnitureFittings 2023-03-31 09467748 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09467748

Salthaus Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Salthaus Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Salthaus Limited

Company Information

Director

Mr Keir Edward Ridler

Registered office

27 Farfield Road
Shipley
West Yorkshire
BD18 4QP

Accountants

Smith Butler
Accountants & Business Advisors
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

Salthaus Limited

(Registration number: 09467748)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,731

3,343

Current assets

 

Debtors

5

8,794

6,592

Cash at bank and in hand

 

77,658

47,914

 

86,452

54,506

Creditors: Amounts falling due within one year

6

(25,354)

(25,189)

Net current assets

 

61,098

29,317

Total assets less current liabilities

 

63,829

32,660

Creditors: Amounts falling due after more than one year

6

(12,354)

(16,450)

Provisions for liabilities

(248)

(248)

Net assets

 

51,227

15,962

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

51,217

15,952

Shareholders' funds

 

51,227

15,962

 

Salthaus Limited

(Registration number: 09467748)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 September 2024
 

.........................................
Mr Keir Edward Ridler
Director

 

Salthaus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27 Farfield Road
Shipley
West Yorkshire
BD18 4QP
United Kingdom

These financial statements were authorised for issue by the director on 18 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Salthaus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

Straight line 33%

Office equipment

Straight line 33%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Salthaus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

1,902

9,471

11,373

Additions

-

1,720

1,720

At 31 March 2024

1,902

11,191

13,093

Depreciation

At 1 April 2023

1,842

6,188

8,030

Charge for the year

45

2,287

2,332

At 31 March 2024

1,887

8,475

10,362

Carrying amount

At 31 March 2024

15

2,716

2,731

At 31 March 2023

60

3,283

3,343

 

Salthaus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

2,787

2,981

Other debtors

6,007

3,611

 

8,794

6,592

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

17

Taxation and social security

6,872

1,915

Other creditors

18,482

23,257

25,354

25,189

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

12,354

16,450

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

10

10

10

10