SALFORD HOUSE LIMITED

Company Registration Number:
04538352 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

SALFORD HOUSE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

SALFORD HOUSE LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 3,423 5,912
Total fixed assets: 3,423 5,912
Current assets
Debtors:   782,240 169,103
Cash at bank and in hand: 28,719 7,000
Total current assets: 810,959 176,103
Creditors: amounts falling due within one year:   (744,509) (178,760)
Net current assets (liabilities): 66,450 (2,657)
Total assets less current liabilities: 69,873 3,255
Provision for liabilities: (651) (1,123)
Total net assets (liabilities): 69,222 2,132
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 68,222 1,132
Shareholders funds: 69,222 2,132

The notes form part of these financial statements

SALFORD HOUSE LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 February 2025
and signed on behalf of the board by:

Name: Mr D I Cope
Status: Director

The notes form part of these financial statements

SALFORD HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:- Fixtures, fittings & equipment 25% Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss

Intangible fixed assets and amortisation policy

Intangible Fixed Assets - goodwill Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

SALFORD HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 41 40

SALFORD HOUSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 54,953
At 31 March 2024 54,953
Depreciation
At 01 April 2023 49,041
Charge for year 2,489
At 31 March 2024 51,530
Net book value
At 31 March 2024 3,423
At 31 March 2023 5,912

Santander UK Plc contains a fixed and floating charge that covers all the property or undertaking of the company