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
SALTWELL SYSTEMS LIMITED
Company Information
for the year ended 31 December 2023
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
SALTWELL SYSTEMS LIMITED
Statement of financial position
as at 31 December 2023
Investments
105,266
105,266
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
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
SALTWELL SYSTEMS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2023
10,881
At 31 December 2023
10,818
5
Investments
Other investments
Valuation at 1 January 2023
105,266
Valuation at 31 December 2023
105,266
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
7
Average number of employees
During the year the average number of employees was 0 (2022: 1).