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REGISTERED NUMBER: 02764962 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Salmons Brothers Limited

Salmons Brothers Limited (Registered number: 02764962)






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


Salmons Brothers Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M W Salmons
Mrs J A Salmons





SECRETARY: M W Salmons





REGISTERED OFFICE: William House
61 Lancaster Way
Ely
Cambridgeshire
CB6 3NW





REGISTERED NUMBER: 02764962 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Salmons Brothers Limited (Registered number: 02764962)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 604,027 618,720

CURRENT ASSETS
Stocks 243,806 154,576
Debtors 5 422,196 351,755
Cash at bank and in hand 1,068,411 1,129,335
1,734,413 1,635,666
CREDITORS
Amounts falling due within one year 6 593,527 356,487
NET CURRENT ASSETS 1,140,886 1,279,179
TOTAL ASSETS LESS CURRENT LIABILITIES 1,744,913 1,897,899

PROVISIONS FOR LIABILITIES - 22,419
NET ASSETS 1,744,913 1,875,480

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,743,913 1,874,480
SHAREHOLDERS' FUNDS 1,744,913 1,875,480

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.

Salmons Brothers Limited (Registered number: 02764962)

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 19 June 2025 and were signed on its behalf by:





M W Salmons - Director


Salmons Brothers Limited (Registered number: 02764962)

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

1. STATUTORY INFORMATION

Salmons Brothers 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisifed:

- The amount of turnover can be measured reliably.

- It is probable that the company will receive consideration due under the contract.

- The state of completion of the contract at the end of the reporting period can be measured reliably.

- The costs incurred and the costs to complete the contract can be measured reliably.

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 - 15% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Salmons Brothers Limited (Registered number: 02764962)

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

2. ACCOUNTING POLICIES - continued
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.

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 20 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 789,421
Additions 1,525
Disposals (15,100 )
At 31 December 2024 775,846
DEPRECIATION
At 1 January 2024 170,701
Charge for year 14,844
Eliminated on disposal (13,726 )
At 31 December 2024 171,819
NET BOOK VALUE
At 31 December 2024 604,027
At 31 December 2023 618,720

Salmons Brothers Limited (Registered number: 02764962)

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 250,602 175,632
Other debtors 171,594 176,123
422,196 351,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 488,343 190,878
Taxation and social security 88,400 89,196
Other creditors 16,784 76,413
593,527 356,487

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 14,703 11,120
Between one and five years 32,680 19,146
47,383 30,266

8. SECURED DEBTS

The company holds a fixed and floating charge over it's assets, however the liability owing to the bank at the year-end is £nil (2023: £nil).

9. CALLED UP SHARE CAPITAL


Allotted, called up and fully paid:
Number: Class: Nominal 2024 2023
Value: £ £

510 Ordinary 'A' £1 510 510
190 Ordinary 'B' £1 190 190
100 Ordinary 'D' £1 100 100
100 Ordinary 'E' £1 100 100
100 Ordinary 'F' £1 100 100
1,000 1,000


Salmons Brothers Limited (Registered number: 02764962)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 01 January 2024, one of the directors of the company owed the company £25,086. At 31 December 2024, £25,086 was owed to the company. This loan is interest free and repayable on demand. s455 tax has been provided for in full.

11. RELATED PARTY DISCLOSURES

Included in other debtors is an amount due from a company shareholder. The amount due from the shareholder at the year end totalled £120,000 (2023: £120,000). No interest was charged on this amount.