Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10613613 Mr James Warren Mr Henry Scott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10613613 2023-03-31 10613613 2024-03-31 10613613 2023-04-01 2024-03-31 10613613 frs-core:CurrentFinancialInstruments 2024-03-31 10613613 frs-core:Non-currentFinancialInstruments 2024-03-31 10613613 frs-core:FurnitureFittings 2024-03-31 10613613 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10613613 frs-core:FurnitureFittings 2023-03-31 10613613 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 10613613 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10613613 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 10613613 frs-core:MotorVehicles 2024-03-31 10613613 frs-core:MotorVehicles 2023-04-01 2024-03-31 10613613 frs-core:MotorVehicles 2023-03-31 10613613 frs-core:ShareCapital 2024-03-31 10613613 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10613613 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10613613 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10613613 frs-bus:SmallEntities 2023-04-01 2024-03-31 10613613 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10613613 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10613613 frs-bus:Director1 2023-04-01 2024-03-31 10613613 frs-bus:Director2 2023-04-01 2024-03-31 10613613 frs-countries:EnglandWales 2023-04-01 2024-03-31 10613613 2022-03-31 10613613 2023-03-31 10613613 2022-04-01 2023-03-31 10613613 frs-core:CurrentFinancialInstruments 2023-03-31 10613613 frs-core:Non-currentFinancialInstruments 2023-03-31 10613613 frs-core:ShareCapital 2023-03-31 10613613 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10613613
The Salt Pig Too Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Suttle & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10613613
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 105,571 120,788
105,571 120,788
CURRENT ASSETS
Stocks 5 22,057 19,920
Debtors 6 13,529 14,193
Cash at bank and in hand 328,838 70,117
364,424 104,230
Creditors: Amounts Falling Due Within One Year 7 (111,625 ) (121,925 )
NET CURRENT ASSETS (LIABILITIES) 252,799 (17,695 )
TOTAL ASSETS LESS CURRENT LIABILITIES 358,370 103,093
Creditors: Amounts Falling Due After More Than One Year 8 (58,266 ) (84,929 )
NET ASSETS 300,104 18,164
CAPITAL AND RESERVES
Called up share capital 9 269,967 1
Profit and Loss Account 30,137 18,163
SHAREHOLDERS' FUNDS 300,104 18,164
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Warren
Director
Mr Henry Scott
Director
04/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Salt Pig Too Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10613613 . The registered office is Unit 1 The Sidings, Victoria Avenue Industrial Estate, Swanage, Dorset, BH19 1AU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold No depreication
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 27)
- 27
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 58,115 48,341 82,991 189,447
Additions - - 602 602
As at 31 March 2024 58,115 48,341 83,593 190,049
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 - 20,981 47,678 68,659
Provided during the period - 6,840 8,979 15,819
As at 31 March 2024 - 27,821 56,657 84,478
Net Book Value
As at 31 March 2024 58,115 20,520 26,936 105,571
As at 1 April 2023 58,115 27,360 35,313 120,788
5. Stocks
2024 2023
£ £
Stock 22,057 19,920
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,029 1,693
Rent Deposit 12,500 12,500
13,529 14,193
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,554 26,585
PAYE Payable 6,225 3,973
VAT 19,883 19,571
Net wages 12,259 8,490
Accruals and deferred income - 10,101
Amounts owed to joint ventures 69,704 53,205
111,625 121,925
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,266 39,239
Other loans 29,000 45,690
58,266 84,929
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 269,967 1
Page 4