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Company Registration No. 03285995 (England and Wales)
SALTWELL SYSTEMS LIMITED Unaudited accounts for the period from 1 January 2024 to 31 August 2024
SALTWELL SYSTEMS LIMITED Unaudited accounts Contents
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SALTWELL SYSTEMS LIMITED Company Information for the period from 1 January 2024 to 31 August 2024
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 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47 
63 
Investments
- 
105,266 
47 
105,329 
Current assets
Cash at bank and in hand
201,117 
12,100 
Creditors: amounts falling due within one year
(30,122)
(10,115)
Net current assets
170,995 
1,985 
Net assets
171,042 
107,314 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
171,038 
107,310 
Shareholders' funds
171,042 
107,314 
For the period ending 31 August 2024 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 4 October 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 period from 1 January 2024 to 31 August 2024
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 period, 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 2024
10,881 
At 31 August 2024
10,881 
Depreciation
At 1 January 2024
10,818 
Charge for the period
16 
At 31 August 2024
10,834 
Net book value
At 31 August 2024
47 
At 31 December 2023
63 
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
105,266 
Disposals
(105,266)
Valuation at 31 August 2024
- 
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SALTWELL SYSTEMS LIMITED Notes to the Accounts for the period from 1 January 2024 to 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
19,560 
- 
Loans from directors
10,144 
9,936 
Accruals
418 
179 
30,122 
10,115 
7
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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