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Registered number: 04836428
Saltire Services Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
MKL Accountants Limited
Chartered Certified Accountants
Herston Cross House
230 High Street
Swanage
Dorset
BH19 2PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04836428
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 381,121 381,182
381,121 381,182
CURRENT ASSETS
Cash at bank and in hand 29,341 33,539
29,341 33,539
Creditors: Amounts Falling Due Within One Year 5 (148,492 ) (158,388 )
NET CURRENT ASSETS (LIABILITIES) (119,151 ) (124,849 )
TOTAL ASSETS LESS CURRENT LIABILITIES 261,970 256,333
NET ASSETS 261,970 256,333
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 261,870 256,233
SHAREHOLDERS' FUNDS 261,970 256,333
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sylvester Smith
Director
15/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Saltire Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04836428 . The registered office is Herston Cross House, 230 High Street, Swanage, Dorset, BH19 2PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold No depreciation is applicable
Plant & Machinery 25% Reducing Balance Method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 August 2023 380,902 703 381,605
Additions 9 - 9
As at 31 July 2024 380,911 703 381,614
Depreciation
As at 1 August 2023 - 423 423
Provided during the period - 70 70
As at 31 July 2024 - 493 493
Net Book Value
As at 31 July 2024 380,911 210 381,121
As at 1 August 2023 380,902 280 381,182
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,244 2,142
Directors' loan accounts 146,248 156,246
148,492 158,388
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid - 3,000
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