REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 18 April 2023 to 30 April 2024 |
for |
Saltatores Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 18 April 2023 to 30 April 2024 |
for |
Saltatores Limited |
Saltatores Limited (Registered number: 14812869) |
Contents of the Financial Statements |
for the Period 18 April 2023 to 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Saltatores Limited |
Company Information |
for the Period 18 April 2023 to 30 April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Sterling House |
7 Ashford Road |
Maidstone |
Kent |
ME14 5BJ |
Saltatores Limited (Registered number: 14812869) |
Balance Sheet |
30 April 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
RESERVES |
Income and expenditure account | ( |
) |
( |
) |
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 surplus or deficit 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 were approved by the Board of Directors and authorised for issue on |
Saltatores Limited (Registered number: 14812869) |
Notes to the Financial Statements |
for the Period 18 April 2023 to 30 April 2024 |
1. | STATUTORY INFORMATION |
Saltatores Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company is reliant on the financial support of the directors who have advanced the company £85,086 by way of directors loans. The directors have stated that these loans will only be called up for repayment when the company has sufficient reserves and future operating cashflows from which to repay these debts and meet all its other debts as they fall due. For this reason the directors have adopted the Going Concern principle when preparing these financial statements despite liabilities exceeding assets by £6,369. |
Income recognition |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover represents the fair value of consideration received or receivable derived from the rendering of dance association membership services to customer during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. |
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. |
Taxation |
Taxation for the period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Saltatores Limited (Registered number: 14812869) |
Notes to the Financial Statements - continued |
for the Period 18 April 2023 to 30 April 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
Included within other creditors is the sum of £85,086 owed to the directors who have stated that these loans to the company are free of interest and repayable on demand. |
8. | ULTIMATE CONTROLLING PARTY |
The company is controlled by the directors by virtue of their guarantees. |
9. | LIMITED BY GUARANTEE |
The company is Limited by Guarantee. |
Each guarantor has guaranteed to contribute to the available funds in the event of the company being unable to pay its debts as they fall due. The minimum amount that each director has agreed to contribute is £1 although it is not limited to £1. |