Registered number
14695550
Salt and Pepper Media Ltd
Filleted Accounts
28 February 2025
Salt and Pepper Media Ltd
Registered number: 14695550
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 9,450 7,877
Current assets
Debtors 4 122,347 4,096
Cash at bank and in hand 138,004 50,190
260,351 54,286
Creditors: amounts falling due within one year 5 (96,710) (32,898)
Net current assets 163,641 21,388
Net assets 173,091 29,265
Capital and reserves
Called up share capital 100 100
Profit and loss account 172,991 29,165
Shareholder's funds 173,091 29,265
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Wiles
Director
Approved by the board on 9 April 2025
Salt and Pepper Media Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
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 rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% Reducing Balance
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 9,578
Additions 4,257
At 28 February 2025 13,835
Depreciation
At 1 March 2024 1,701
Charge for the year 2,684
At 28 February 2025 4,385
Net book value
At 28 February 2025 9,450
At 29 February 2024 7,877
4 Debtors 2025 2024
£ £
Trade debtors 87,219 4,096
Other debtors 35,128 -
122,347 4,096
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 36,036 10,268
Taxation and social security costs 70,201 23,326
Other creditors (9,527) (696)
96,710 32,898
6 Other information
Salt and Pepper Media Ltd is a private company limited by shares and incorporated in England. Its registered office is:
99 Baxters Court
Polesworth
B78 1FE
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