SALTSPIN LIMITED

Company Registration Number:
08859911 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

SALTSPIN LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

SALTSPIN LIMITED

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Current assets
Stocks:   2,000
Debtors:     266
Cash at bank and in hand: 4,257 4,027
Total current assets: 4,257 6,293
Creditors: amounts falling due within one year: 3 (2,815) (922)
Net current assets (liabilities): 1,442 5,371
Total assets less current liabilities: 1,442 5,371
Total net assets (liabilities): 1,442 5,371
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,342 5,271
Shareholders funds: 1,442 5,371

The notes form part of these financial statements

SALTSPIN LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 July 2025
and signed on behalf of the board by:

Name: Manoj Bharwani
Status: Director

The notes form part of these financial statements

SALTSPIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery – 25% on cost and Straight line over 5 years

Intangible fixed assets and amortisation policy

Website development costs are written off on a straight line basis over their estimated useful economic life of four years.

Valuation and information policy

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

Other accounting policies

Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling. Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Going concern The directors have considered and have determined that no events create any material uncertainty that casts significant doubt upon the entity’s ability to continue as a going concern.

SALTSPIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

SALTSPIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Creditors: amounts falling due within one year note

Amounts due to group undertakings £2,815

SALTSPIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Related party transactions

Name of the related party:
Relationship:
Company under common controll
Description of the Transaction: The transaction was payment for expenses.
£
Balance at 01 November 2023 72
Balance at 31 October 2024 2,815

There were no transactions with the directors in the year.