| |
|
2024 |
|
2023 |
| |
|
£ |
£ |
|
£ |
£ |
| Current assets |
|
254 |
|
|
4,282 |
|
| Creditors: amount falling due within one year |
|
(33,436) |
|
|
(6,694) |
|
|
Net current assets
|
|
|
(33,182)
|
|
|
(2,412)
|
|
Total assets less current liabilities
|
|
|
(33,182) |
|
|
(2,412) |
|
Net assets
|
|
|
(33,182) |
|
|
(2,412) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(33,182) |
|
|
(2,412) |
| |
NOTES TO THE ACCOUNTS
General Information
SALAAR TECH LTD is a private company, limited by shares, registered in England and Wales, registration number 13730058, registration address 70 SOUTH HILL AVENUE, HARROW UNITED KINGDOM, HA2 0NH.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The financial statements have been prepared on a going concern basis. The company has incurred a net loss of £30,770 for the financial year ended 31 October 2024 and had net liabilities of £33,182 as at that date. Despite the current financial position, the directors have a reasonable expectation that the company will continue to operate for the foreseeable future.
The directors believe the company is experiencing positive sales growth and is actively managing its business risks. Cash flow projections prepared by management indicate that the company has sufficient resources and access to funding to continue in operational existence for at least twelve months from the date of approval of these financial statements.
Accordingly, the financial statements have been prepared on a going concern basis, and the directors do not consider there to be any material uncertainties that cast significant doubt on the companys ability to continue as a going concern.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2023 : 2).
|
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 14 July 2025 and were signed on its behalf by: -------------------------------- Salaar Naeem RANA Director |
1
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