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REGISTERED NUMBER: 02864224 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

THE SALT CO. (INT) LIMITED

THE SALT CO. (INT) LIMITED (REGISTERED NUMBER: 02864224)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE SALT CO. (INT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Ms T A Need
Mr P Need
Mr M Need





SECRETARY: Ms T A Need





REGISTERED OFFICE: Heaton House
363 Crewe Road
Wistaston
Nantwich
Cheshire
CW5 6NW





REGISTERED NUMBER: 02864224 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

THE SALT CO. (INT) LIMITED (REGISTERED NUMBER: 02864224)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,296 29,389

CURRENT ASSETS
Stocks 169,680 149,308
Debtors 5 245,060 269,324
Investments 6 290,635 122,174
Cash at bank and in hand 262,378 226,633
967,753 767,439
CREDITORS
Amounts falling due within one year 7 251,708 223,892
NET CURRENT ASSETS 716,045 543,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

752,341

572,936

PROVISIONS FOR LIABILITIES 6,119 3,818
NET ASSETS 746,222 569,118

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 746,220 569,116
SHAREHOLDERS' FUNDS 746,222 569,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





Ms T A Need - Director


THE SALT CO. (INT) LIMITED (REGISTERED NUMBER: 02864224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

The Salt Co. (Int) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02864224 and its registered office is at Heaton House, 363 Crewe Road, Wistaston, Nantwich, CW5 6NW.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments
Current asset investments are initially measured at transaction cost and are subsequently measured at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

THE SALT CO. (INT) LIMITED (REGISTERED NUMBER: 02864224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 87,400
Additions 12,159
At 29 February 2024 99,559
DEPRECIATION
At 1 March 2023 58,011
Charge for year 5,252
At 29 February 2024 63,263
NET BOOK VALUE
At 29 February 2024 36,296
At 28 February 2023 29,389

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 211,593 250,544
Amounts owed by related party 596 186
Other debtors 32,871 18,594
245,060 269,324

6. CURRENT ASSET INVESTMENTS
29.2.24 28.2.23
£    £   
Listed investments 290,635 122,174

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 122,149 170,562
Taxation and social security 68,095 44,494
Other creditors 61,464 8,836
251,708 223,892

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 28.2.23
£    £   
Within one year 34,434 14,000
Between one and five years 114,810 -
149,244 14,000

THE SALT CO. (INT) LIMITED (REGISTERED NUMBER: 02864224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mr M Need
Balance outstanding at start of year - -
Amounts advanced 15,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,000 -