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REGISTERED NUMBER: 09250534 (England and Wales)
















SALT & PEPPER ASSOCIATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






SALT & PEPPER ASSOCIATES LTD (REGISTERED NUMBER: 09250534)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALT & PEPPER ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P Dalton
S Dalton





REGISTERED OFFICE: 2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL





REGISTERED NUMBER: 09250534 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

SALT & PEPPER ASSOCIATES LTD (REGISTERED NUMBER: 09250534)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 80,626 40,069

CURRENT ASSETS
Stocks 334,548 807,286
Debtors 5 9,594 22,630
Cash at bank 59,430 12,707
403,572 842,623
CREDITORS
Amounts falling due within one year 6 139,642 668,274
NET CURRENT ASSETS 263,930 174,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,556

214,418

CREDITORS
Amounts falling due after more than one year 7 (58,763 ) (40,258 )

PROVISIONS FOR LIABILITIES (20,157 ) (9,649 )
NET ASSETS 265,636 164,511

CAPITAL AND RESERVES
Called up share capital 110 100
Retained earnings 265,526 164,411
SHAREHOLDERS' FUNDS 265,636 164,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SALT & PEPPER ASSOCIATES LTD (REGISTERED NUMBER: 09250534)

BALANCE SHEET - continued
30 SEPTEMBER 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 24 January 2025 and were signed on its behalf by:




P Dalton - Director



S Dalton - Director


SALT & PEPPER ASSOCIATES LTD (REGISTERED NUMBER: 09250534)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Salt & Pepper Associates Ltd 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.

In respect of property developments, turnover is recognised once legal exchange has occurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

SALT & PEPPER ASSOCIATES LTD (REGISTERED NUMBER: 09250534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 101,895
Additions 100,572
Disposals (96,462 )
At 30 September 2024 106,005
DEPRECIATION
At 1 October 2023 61,826
Charge for year 20,504
Eliminated on disposal (56,951 )
At 30 September 2024 25,379
NET BOOK VALUE
At 30 September 2024 80,626
At 30 September 2023 40,069


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 8,844 22,630
Other debtors 750 -
9,594 22,630

SALT & PEPPER ASSOCIATES LTD (REGISTERED NUMBER: 09250534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 3,275 296,893
Hire purchase contracts 1,430 4,711
Trade creditors - 7,938
Taxation and social security 93,885 16,307
Other creditors 41,052 342,425
139,642 668,274

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 3,101
Hire purchase contracts 58,763 37,157
58,763 40,258

8. RELATED PARTY DISCLOSURES

At the period end, the company owed the directors £3,664 (2023: £94,452).

9. SECURED DEBTS

Bank loans and overdrafts are secured by a fixed charge on the company's property development which is held within work in progress.

Hire purchase contract liabilities are secured on the assets to which they relate.