Salon Electricals Limited Filleted Accounts Cover
Salon Electricals Limited
Company No. 09607340
Information for Filing with The Registrar
31 May 2024
Salon Electricals Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 May 2024.
Principal activities
The Company is dormant and has not traded during the year.
Director
The Director who served at any time during the year was as follows:
Jonathan Marsh
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Jonathan Marsh
Director
21 November 2024
Salon Electricals Limited Balance Sheet Registrar
at
31 May 2024
Company No.
09607340
Notes
2024
2023
£
£
Current assets
Debtors
4
77,77877,778
Cash at bank and in hand
77
77,78577,785
Creditors: Amount falling due within one year
5
(97,480)
(97,480)
Net current liabilities
(19,695)
(19,695)
Total assets less current liabilities
(19,695)
(19,695)
Net liabilities
(19,695)
(19,695)
Capital and reserves
Called up share capital
100100
Profit and loss account
7
(19,795)
(19,795)
Total equity
(19,695)
(19,695)
For the year ending 31 May 2024 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 21 November 2024 and signed on its behalf by:
Jonathan Marsh
Director
21 November 2024
Salon Electricals Limited Notes to the Accounts Registrar
for the year ended 31 May 2024
1
General information
Salon Electricals Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09607340
Its registered office is:
Its trading address is:
C17 Kestrel Business Centre
11 Mansfield Road
Colwick Industrial Estate
South Normanton
Nottingham
Derbyshire
NG4 2JR
DE55 2ER
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Debtors
2024
2023
£
£
Amounts owed by group undertakings
762762
Corporation tax recoverable
13,76913,769
Loans to directors
62,66662,666
Other debtors
581581
77,77877,778
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
89,128
89,128
Accruals and deferred income
8,3528,352
97,48097,480
6
Share Capital
Share capital consists of 100 Ordinary Shares of £1 each, which are fully paid.
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Controlling party
The company is a subsidiary undertaking of J Marsh Limited, a company incorporated in and registered in England and Wales.
J Marsh Limited is the immediate controlling party.
The Registered Office of J Marsh Limited is as follows:
C17 Kestrel Business Centre
Private Road 2
Colwick Industrial Estate
Nottingham
NG4 2JR
The ultimate controlling party is the director J Marsh.
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