Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11284631 Mr Patrick McGuirk Mr Samuel Richardson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11284631 2022-12-31 11284631 2023-12-31 11284631 2023-01-01 2023-12-31 11284631 frs-core:CurrentFinancialInstruments 2023-12-31 11284631 frs-core:BetweenOneFiveYears 2023-12-31 11284631 frs-core:ComputerEquipment 2023-12-31 11284631 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11284631 frs-core:ComputerEquipment 2022-12-31 11284631 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 11284631 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 11284631 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 11284631 frs-core:PlantMachinery 2023-12-31 11284631 frs-core:PlantMachinery 2023-01-01 2023-12-31 11284631 frs-core:PlantMachinery 2022-12-31 11284631 frs-core:WithinOneYear 2023-12-31 11284631 frs-core:SharePremium 2023-12-31 11284631 frs-core:ShareCapital 2023-12-31 11284631 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11284631 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11284631 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11284631 frs-bus:SmallEntities 2023-01-01 2023-12-31 11284631 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11284631 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11284631 frs-bus:Director1 2023-01-01 2023-12-31 11284631 frs-bus:Director2 2023-01-01 2023-12-31 11284631 frs-countries:EnglandWales 2023-01-01 2023-12-31 11284631 2021-12-31 11284631 2022-12-31 11284631 2022-01-01 2022-12-31 11284631 frs-core:CurrentFinancialInstruments 2022-12-31 11284631 frs-core:BetweenOneFiveYears 2022-12-31 11284631 frs-core:WithinOneYear 2022-12-31 11284631 frs-core:SharePremium 2022-12-31 11284631 frs-core:ShareCapital 2022-12-31 11284631 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11284631
Saltee Skincare Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11284631
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,399 5,498
Tangible Assets 5 491 1,106
4,890 6,604
CURRENT ASSETS
Stocks 6 210,732 -
Debtors 7 36,556 40,204
Cash at bank and in hand 32,112 39,792
279,400 79,996
Creditors: Amounts Falling Due Within One Year 8 (119,239 ) (171,572 )
NET CURRENT ASSETS (LIABILITIES) 160,161 (91,576 )
TOTAL ASSETS LESS CURRENT LIABILITIES 165,051 (84,972 )
NET ASSETS/(LIABILITIES) 165,051 (84,972 )
CAPITAL AND RESERVES
Called up share capital 9 2 1
Share premium account 1,656,267 1,317,899
Income Statement (1,491,218 ) (1,402,872 )
SHAREHOLDERS' FUNDS 165,051 (84,972)
Page 1
Page 2
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 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 Income Statement.
On behalf of the board
Mr Samuel Richardson
Director
17/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Saltee Skincare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11284631 . The registered office is 1st Floor, 11-15 High Streed, Marlow, SL7 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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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. 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.
2.4. Research and Development
The development costs will be amortised against the sales of the product over ten years.
2.5. 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:
Plant & Machinery Straight line over 4 years
Computer Equipment Straight line over 3 years
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
Page 3
Page 4
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 10,994
As at 31 December 2023 10,994
Amortisation
As at 1 January 2023 5,496
Impairment losses 1,099
As at 31 December 2023 6,595
Net Book Value
As at 31 December 2023 4,399
As at 1 January 2023 5,498
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 1,473 2,695 4,168
As at 31 December 2023 1,473 2,695 4,168
Depreciation
As at 1 January 2023 491 2,571 3,062
Provided during the period 491 124 615
As at 31 December 2023 982 2,695 3,677
Net Book Value
As at 31 December 2023 491 - 491
As at 1 January 2023 982 124 1,106
6. Stocks
2023 2022
£ £
Stock 210,732 -
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 22,525 23,087
Other debtors 14,031 17,117
36,556 40,204
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other loans 24,504 -
Other creditors 72,554 38,615
Taxation and social security 22,181 132,957
119,239 171,572
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 12,500 12,000
Later than one year and not later than five years 19,792 12,000
32,292 24,000
Page 5