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REGISTERED NUMBER: SC121294 (Scotland)














Financial Statements

for the Period 31 March 2023 to 29 March 2024

for

Salram Limited

Salram Limited (Registered number: SC121294)






Contents of the Financial Statements
for the Period 31 March 2023 to 29 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Salram Limited (Registered number: SC121294)

Balance Sheet
29 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 721,247 744,132
Investments 6 46,000 46,000
767,247 790,132

CURRENT ASSETS
Stocks 79,406 96,970
Debtors 7 814,752 1,087,789
Cash at bank 226,196 203,596
1,120,354 1,388,355
CREDITORS
Amounts falling due within one year 8 288,207 290,205
NET CURRENT ASSETS 832,147 1,098,150
TOTAL ASSETS LESS CURRENT LIABILITIES 1,599,394 1,888,282

PROVISIONS FOR LIABILITIES 355 36,812
NET ASSETS 1,599,039 1,851,470

CAPITAL AND RESERVES
Called up share capital 225,000 225,000
Non distributable profit and loss 9 45,063 45,063
Retained earnings 1,328,976 1,581,407
SHAREHOLDERS' FUNDS 1,599,039 1,851,470

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Mr R Roberts - Director


Salram Limited (Registered number: SC121294)

Notes to the Financial Statements
for the Period 31 March 2023 to 29 March 2024

1. STATUTORY INFORMATION

Salram Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC121294

Registered office: c/o KPMG LLP
191 West George Street
Glasgow
G2 2LJ

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant accounting policies remain unchanged from the prior year.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, and therefore the financial statements have been prepared on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Salram Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Spencross Limited, 46 Fountain Street, Manchester, M2 2BE.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the year end date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates. The main judgements and estimates made by the directors relate to the relevance of depreciation policies in relation to tangible and intangible fixed assets.

Salram Limited (Registered number: SC121294)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 29 March 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is derived from ordinary activities, represents the total sales value of prescriptions dispensed and other goods sold in the year and is stated net of trade discounts and Value Added Tax. Revenue is recognised to the extent that it is probable that the economic benefit will flow to the company and is measured at the fair value of the consideration received or receivable. Revenue from the National Health Service is recognised at the point the prescription is dispensed. Revenue from invoiced sales is recognised when the work is done or the goods dispatched.

Intangible fixed assets - goodwill
On the acquisition of a business purchased goodwill is capitalised in the year in which it arises and amortised over its estimated useful life up to a maximum of 20 years.

The assets residual values, useful lives and amortisation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Investments
Investments in subsidiaries are measured at cost less provision for any impairment value.
Other investments are measured at fair value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Furniture & fixtures - at varying rates on cost
Motor vehicles - 25% on cost
Office & computer equipment - 33% on cost

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 period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 period 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.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Employee benefits
The cost of short term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement and of holidays taken in advance is recognised in the period in which the employees services are received.

Salram Limited (Registered number: SC121294)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 29 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2023
and 29 March 2024 231,241
AMORTISATION
At 31 March 2023
and 29 March 2024 231,241
NET BOOK VALUE
At 29 March 2024 -
At 30 March 2023 -

5. TANGIBLE FIXED ASSETS
Office &
Freehold Furniture Motor computer
property & fixtures vehicles equipment Totals
£    £    £    £    £   
COST
At 31 March 2023
and 29 March 2024 961,935 207,396 18,300 102,139 1,289,770
DEPRECIATION
At 31 March 2023 223,493 206,387 18,300 97,458 545,638
Charge for period 19,236 1,009 - 2,640 22,885
At 29 March 2024 242,729 207,396 18,300 100,098 568,523
NET BOOK VALUE
At 29 March 2024 719,206 - - 2,041 721,247
At 30 March 2023 738,442 1,009 - 4,681 744,132

6. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST OR VALUATION
At 31 March 2023
and 29 March 2024 46,000
NET BOOK VALUE
At 29 March 2024 46,000
At 30 March 2023 46,000

Salram Limited (Registered number: SC121294)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 29 March 2024

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 March 2024 is represented by:

Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
Valuation in 2020 - 45,063 45,063
Valuation in 2022 (246,000 ) - (246,000 )
Cost 246,000 937 246,937
- 46,000 46,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 140,962 160,134
Amounts owed by group undertakings 642,869 888,707
Other debtors 30,921 38,948
814,752 1,087,789

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 230,997 240,161
Taxation and social security 3,973 2,978
Other creditors 53,237 47,066
288,207 290,205

9. RESERVES
Non
distributable
profit
and loss
£   
At 31 March 2023
and 29 March 2024 45,063

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

J.P.Bostock FCA BFP BA(Hons) (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited

Salram Limited (Registered number: SC121294)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 29 March 2024

11. RELATED PARTY DISCLOSURES

Anaster Limited is a subsidiary of the parent company, Spencross Limited.

Anaster Limited

During the year Salram Limited charged Anaster Limited £37,313 (2023 £49,316) in respect of recharges of heat and light.

At the year end Anaster Limited owed Salram Limited £440,296 (2023 £391,621).

Spencross Limited

During the year Spencross Limited charged Salram Limited a management fee of £240,000 (2023 £240,000.

At the year end Spencross Limited owed Salram Limited £202,573 (2023 £497,086).

Roberts Buckley - a firm of solicitors whose principal is Mr R Roberts

During the year Roberts Buckley charged the company £18,825 for legal and professional services. At the year end an amount of £9,225 was due to Roberts Buckley.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Spencross Limited.

The company's ultimate parent company was Spencross Limited, a company registered in England and Wales.

At the year end the ultimate controlling parties are the directors of Spencross Limited, Mr R Roberts and Dr D Clayton.

Consolidated financial statements can be obtained from 46 Fountain Street, Manchester, M2 2BE.