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REGISTERED NUMBER: 02465315 (England and Wales)










Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Salem Services Limited

Salem Services Limited (Registered number: 02465315)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Salem Services Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: S B Watters





REGISTERED OFFICE: 35 Myrrfield Road
Bishopdown Farm
Salisbury
Wiltshire
SP1 3FQ





REGISTERED NUMBER: 02465315 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Limited
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Salem Services Limited (Registered number: 02465315)

Balance Sheet
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 352 469

CURRENT ASSETS
Debtors 5 - 5,098
Cash at bank 26,541 23,843
26,541 28,941
CREDITORS
Amounts falling due within one year 6 (28,683 ) (26,788 )
NET CURRENT (LIABILITIES)/ASSETS (2,142 ) 2,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,790

)

2,622

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings (1,800 ) 2,612
SHAREHOLDERS' FUNDS (1,790 ) 2,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 14 April 2025 and were signed by:



S B Watters - Director


Salem Services Limited (Registered number: 02465315)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Salem Services 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.
Computer equipment - 25% on reducing balance

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 asset is not recognised as it is not probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Salem Services Limited (Registered number: 02465315)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 29 February 2024
and 28 February 2025 4,095
DEPRECIATION
At 29 February 2024 3,626
Charge for year 117
At 28 February 2025 3,743
NET BOOK VALUE
At 28 February 2025 352
At 28 February 2024 469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 2,915
Corporation tax - 2,183
- 5,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Credit card Statement 498 446
PAYE/NI liability 335 335
Directors' current accounts 26,792 24,972
Accrued expenses 1,058 1,035
28,683 26,788

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
10 Ordinary £1 10 10

8. ULTIMATE CONTROLLING PARTY

The company is under the control of S B Watters.

Salem Services Limited (Registered number: 02465315)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

9. GOING CONCERN

The director has confirmed that he will continue to give financial support to the company until such time as its position improves. In addition the director has confirmed that he will not recall his loans within 12months. The director consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result if the financial support was withdrawn.