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REGISTERED NUMBER: 08798332 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Salesmark West Limited

Salesmark West Limited (Registered number: 08798332)






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


Salesmark West Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: L M Bryant
Miss J Green





REGISTERED OFFICE: Unit 1 Stockport Park
Stockport Road
Amesbury
Salisbury
SP4 7LN





REGISTERED NUMBER: 08798332 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

Salesmark West Limited (Registered number: 08798332)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 169,334 60,623
Investments 5 1 1
169,335 60,624

CURRENT ASSETS
Stocks 350,314 284,916
Debtors 6 360,817 393,314
Cash at bank and in hand 159,710 219,483
870,841 897,713
CREDITORS
Amounts falling due within one year 7 301,964 352,808
NET CURRENT ASSETS 568,877 544,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

738,212

605,529

CREDITORS
Amounts falling due after more than one
year

8

(122,224

)

(52,794

)

PROVISIONS FOR LIABILITIES (32,173 ) (14,887 )
NET ASSETS 583,815 537,848

CAPITAL AND RESERVES
Called up share capital 70 70
Retained earnings 583,745 537,778
583,815 537,848

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.

Salesmark West Limited (Registered number: 08798332)

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 30 April 2025 and were signed on its behalf by:




L M Bryant - Director



Miss J Green - Director


Salesmark West Limited (Registered number: 08798332)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Salesmark West 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.

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.

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 - 33% on cost, 20% on cost, 20% on reducing balance and 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Salesmark West Limited (Registered number: 08798332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 131,762
Additions 155,121
Disposals (39,600 )
At 31 December 2024 247,283
DEPRECIATION
At 1 January 2024 71,139
Charge for year 24,023
Eliminated on disposal (17,213 )
At 31 December 2024 77,949
NET BOOK VALUE
At 31 December 2024 169,334
At 31 December 2023 60,623

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 335,943 365,325
Amounts recoverable on contract - 22,127
Other debtors 24,874 5,862
360,817 393,314

Salesmark West Limited (Registered number: 08798332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 35,196 35,196
Hire purchase contracts 28,120 -
Trade creditors 216,236 239,043
Taxation and social security 9,495 72,369
Other creditors 12,917 6,200
301,964 352,808

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 17,598 52,794
Hire purchase contracts 104,626 -
122,224 52,794