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SALLCO TOOLS LIMITED

Registered Number
03102495
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

SALLCO TOOLS LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

NOLAN, Sally Ann

Registered Address

C/O Xeinadin First Floor Secure House
Lulworth Close
Chandler's Ford
SO53 3TL

Registered Number

03102495 (England and Wales)
SALLCO TOOLS LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets45,1816,377
5,1816,377
Current assets
Stocks5131,420131,420
Debtors616,94523,086
Cash at bank and on hand4,2792,364
152,644156,870
Creditors amounts falling due within one year7(126,729)(110,916)
Net current assets (liabilities)25,91545,954
Total assets less current liabilities31,09652,331
Creditors amounts falling due after one year8(28,951)(42,193)
Net assets2,14510,138
Capital and reserves
Called up share capital11
Profit and loss account2,14410,137
Shareholders' funds2,14510,138
The financial statements were approved and authorised for issue by the Director on 26 November 2024, and are signed on its behalf by:
NOLAN, Sally Ann
Director
Registered Company No. 03102495
SALLCO TOOLS LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 rendering of services.
Revenue from sale of goods
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-5
Fixtures and fittings-5
Vehicles4-
Office Equipment-3
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year55
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 October 237,0007,000
At 30 September 247,0007,000
Amortisation and impairment
At 01 October 237,0007,000
At 30 September 247,0007,000
Net book value
At 30 September 24--
At 30 September 23--
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 October 235,23616,90728,173-50,316
Additions---141141
At 30 September 245,23616,90728,17314150,457
Depreciation and impairment
At 01 October 235,23616,54622,157-43,939
Charge for year-911,203431,337
At 30 September 245,23616,63723,3604345,276
Net book value
At 30 September 24-2704,813985,181
At 30 September 23-3616,016-6,377
5.Stocks

2024

2023

££
Finished goods131,420131,420
Total131,420131,420
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables16,94523,086
Total16,94523,086
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables82,94172,977
Bank borrowings and overdrafts4,53911,891
Amounts owed to related parties16,208-
Taxation and social security14,65017,285
Other creditors6,1876,016
Accrued liabilities and deferred income2,2042,747
Total126,729110,916
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts28,95142,193
Total28,95142,193
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Related party transactions
As at the year end the following amount were owed to Mrs S Nolan - £16,207.95