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REGISTERED NUMBER: 04138272 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SALT FILM LIMITED

SALT FILM LIMITED (REGISTERED NUMBER: 04138272)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

SALT FILM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: E Strange
R Kirkman
T D C Petch
J B Groenewald





REGISTERED OFFICE: Alders Farm
Ivy Lane
Great Brickhill
Milton Keynes
MK17 9AH





REGISTERED NUMBER: 04138272 (England and Wales)





ACCOUNTANTS: Price Jones Partnership Ltd
Alders Farm, Ivy Lane
Great Brickhill
MK17 9AH

SALT FILM LIMITED (REGISTERED NUMBER: 04138272)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,047 7,219

CURRENT ASSETS
Debtors 5 56,986 117,572
Cash at bank and in hand 65,084 162,940
122,070 280,512
CREDITORS
Amounts falling due within one year 6 76,967 139,894
NET CURRENT ASSETS 45,103 140,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,150

147,837

CREDITORS
Amounts falling due after more than one year 7 15,000 25,000
NET ASSETS 34,150 122,837

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 34,146 122,833
SHAREHOLDERS' FUNDS 34,150 122,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

SALT FILM LIMITED (REGISTERED NUMBER: 04138272)

BALANCE SHEET - continued
31 JANUARY 2024


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 29 October 2024 and were signed on its behalf by:




E Strange - Director R Kirkman - Director




T D C Petch - Director


SALT FILM LIMITED (REGISTERED NUMBER: 04138272)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Salt Film Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

SALT FILM LIMITED (REGISTERED NUMBER: 04138272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 27,902
Additions 203
At 31 January 2024 28,105
DEPRECIATION
At 1 February 2023 20,683
Charge for year 3,375
At 31 January 2024 24,058
NET BOOK VALUE
At 31 January 2024 4,047
At 31 January 2023 7,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,207 80,066
Other debtors 8,779 37,506
56,986 117,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 35,741 72,791
Taxation and social security 16,715 28,446
Other creditors 14,511 28,657
76,967 139,894

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,000 25,000

SALT FILM LIMITED (REGISTERED NUMBER: 04138272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
T D C Petch
Balance outstanding at start of year - -
Amounts advanced 3,328 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,328 -

The director's loan was repaid to the company on the 5th April 2024.

SALT FILM LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SALT FILM LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Price Jones Partnership Ltd
Alders Farm, Ivy Lane
Great Brickhill
MK17 9AH


Date: .............................................