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REGISTERED NUMBER: 02467091 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

The Salix Cricket Bat Company Limited

The Salix Cricket Bat Company Limited (Registered number: 02467091)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Salix Cricket Bat Company Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: H C I Betts
A J Kember
Mrs K Kember





SECRETARY: Mrs K Kember





REGISTERED OFFICE: Butlers Farm
Horseshoes Lane
Langley
Maidstone
Kent
ME17 3JY





REGISTERED NUMBER: 02467091 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

The Salix Cricket Bat Company Limited (Registered number: 02467091)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £ £
FIXED ASSETS
Tangible assets 4 39,304 48,665

CURRENT ASSETS
Stocks 107,981 103,203
Debtors 5 9,414 2,361
Cash at bank 133,612 165,812
251,007 271,376
CREDITORS
Amounts falling due within one year 6 (53,040 ) (46,849 )
NET CURRENT ASSETS 197,967 224,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,271

273,192

PROVISIONS FOR LIABILITIES 7 (2,686 ) (5,465 )
NET ASSETS 234,585 267,727

CAPITAL AND RESERVES
Called up share capital 8 600 600
Retained earnings 9 233,985 267,127
SHAREHOLDERS' FUNDS 234,585 267,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

The Salix Cricket Bat Company Limited (Registered number: 02467091)

Balance Sheet - continued
30 September 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 January 2025 and were signed on its behalf by:





A J Kember - Director


The Salix Cricket Bat Company Limited (Registered number: 02467091)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

The Salix Cricket Bat Company 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2023 - 3 ) .

The Salix Cricket Bat Company Limited (Registered number: 02467091)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 October 2023 116,447 2,138 58,523 4,519 181,627
Additions 250 - - 142 392
At 30 September 2024 116,697 2,138 58,523 4,661 182,019
DEPRECIATION
At 1 October 2023 91,745 1,967 36,091 3,159 132,962
Charge for year 3,743 26 5,608 376 9,753
At 30 September 2024 95,488 1,993 41,699 3,535 142,715
NET BOOK VALUE
At 30 September 2024 21,209 145 16,824 1,126 39,304
At 30 September 2023 24,702 171 22,432 1,360 48,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Trade debtors 6,219 757
Other debtors 3,195 1,604
9,414 2,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Trade creditors 34,918 16,665
Taxation and social security 2,761 14,798
Other creditors 15,361 15,386
53,040 46,849

7. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£ £
Deferred tax 2,686 5,465

Deferred tax
£
Balance at 1 October 2023 5,465
Provided during year (2,779 )
Balance at 30 September 2024 2,686

The Salix Cricket Bat Company Limited (Registered number: 02467091)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £ £
600 Ordinary 1 600 600

9. RESERVES
Retained
earnings
£

At 1 October 2023 267,127
Deficit for the year (27,142 )
Dividends (6,000 )
At 30 September 2024 233,985

10. RELATED PARTY DISCLOSURES

At the year end, the company owed £10,257 (2023: £11,588) to Mr A J Kember, a director of the company. This amount is interest free and repayable on demand. This amount is included within other creditors.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A J Kember by virtue of his shareholding in the company.