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REGISTERED NUMBER: 01034143 (England and Wales)















SALVO DESIGN & PRINT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






SALVO DESIGN & PRINT LIMITED (REGISTERED NUMBER: 01034143)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALVO DESIGN & PRINT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S R Sims
C Sims





SECRETARY: S L Stevens





REGISTERED OFFICE: Unit 4, Berrington Road
Sydenham Industrial Estate
Leamington Spa
Warwickshire
CV31 1NB





REGISTERED NUMBER: 01034143 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

SALVO DESIGN & PRINT LIMITED (REGISTERED NUMBER: 01034143)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 109,156 126,213

CURRENT ASSETS
Stocks 10,118 10,219
Debtors 5 62,143 74,602
Cash at bank and in hand 755,709 768,614
827,970 853,435
CREDITORS
Amounts falling due within one year 6 88,467 140,996
NET CURRENT ASSETS 739,503 712,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

848,659

838,652

PROVISIONS FOR LIABILITIES 13,964 16,485
NET ASSETS 834,695 822,167

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 824,695 812,167
SHAREHOLDERS' FUNDS 834,695 822,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SALVO DESIGN & PRINT LIMITED (REGISTERED NUMBER: 01034143)

BALANCE SHEET - continued
31 DECEMBER 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 15 April 2025 and were signed on its behalf by:





S R Sims - Director


SALVO DESIGN & PRINT LIMITED (REGISTERED NUMBER: 01034143)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Salvo Design & Print 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.

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.

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.

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.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost and 7.5% reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


SALVO DESIGN & PRINT LIMITED (REGISTERED NUMBER: 01034143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 11 ) .

SALVO DESIGN & PRINT LIMITED (REGISTERED NUMBER: 01034143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 20,151 241,131 13,310
Additions - 12,600 -
Disposals - (19,550 ) (4,134 )
At 31 December 2024 20,151 234,181 9,176
DEPRECIATION
At 1 January 2024 20,151 164,389 12,799
Charge for year - 23,861 135
Eliminated on disposal - (19,550 ) (4,134 )
At 31 December 2024 20,151 168,700 8,800
NET BOOK VALUE
At 31 December 2024 - 65,481 376
At 31 December 2023 - 76,742 511

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 68,650 15,833 359,075
Additions 3,100 5,935 21,635
Disposals - (5,518 ) (29,202 )
At 31 December 2024 71,750 16,250 351,508
DEPRECIATION
At 1 January 2024 28,271 7,252 232,862
Charge for year 10,920 3,776 38,692
Eliminated on disposal - (5,518 ) (29,202 )
At 31 December 2024 39,191 5,510 242,352
NET BOOK VALUE
At 31 December 2024 32,559 10,740 109,156
At 31 December 2023 40,379 8,581 126,213

SALVO DESIGN & PRINT LIMITED (REGISTERED NUMBER: 01034143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,978 56,578
Other debtors 18,165 18,024
62,143 74,602

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 40,968 39,574
Taxation and social security 31,132 51,025
Other creditors 16,367 50,397
88,467 140,996

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 44,200 44,200
Between one and five years 77,350 121,550
121,550 165,750