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Company Registration No. 14096527 (England and Wales)
SALAD CORPORATION LTD
Financial Statements
for the Period from 01 June 2023 to 31 May 2024

SALAD CORPORATION LTD

Financial Statements for the period ending 31 May 2024

SALAD CORPORATION LTD

Financial Statements for the period ending 31 May 2024

Notes to the Accounts

1. Statutory Information
SALAD CORPORATION LTD is a private company, limited by shares, registered in England and Wales, registration number 14096527.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.Turnover is reduced for estimated customer returns, rebates and other similar allowances.

SALAD CORPORATION LTD

Financial Statements for the period ending 31 May 2024

Notes to the Accounts

Current Tax
Income tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Tangible Fixed Asset Policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Machinery 15% reducing balanceComputer Equipment 15% reducing balance

SALAD CORPORATION LTD

Financial Statements for the period ending 31 May 2024

Notes to the Accounts

Stock
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred Tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

SALAD CORPORATION LTD

Financial Statements for the period ending 31 May 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 36
2023 34
4. Principal Activity
Restaurant

SALAD CORPORATION LTD

Financial Statements for the period ending 31 May 2024

Notes to the Accounts

5. Fixed Assets
Plant and Machinery Computer Equipment Total
Cost or valuation £ £ £
At 01/06/2023 72,586 7,379 79,965
Additions 118,659 2,371 121,030
At 31/05/2024 191,245 9,750 200,995
Depreciation
At 01/06/2023 2,643 450 3,093
Charge for the year 13,738 1,395 15,133
At 31/05/2024 16,381 1,845 18,226
Net Book Value
At 31/05/2024 174,864 7,905 182,769
At 31/05/2023 69,943 6,929 76,872