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REGISTERED NUMBER: 02055065 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

SALMINA LIMITED

SALMINA LIMITED (REGISTERED NUMBER: 02055065)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALMINA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: S Jiwa
Mrs A Jiwa





REGISTERED OFFICE: 6 Ritherdon Road
London
SW17 8QD





REGISTERED NUMBER: 02055065 (England and Wales)






SALMINA LIMITED (REGISTERED NUMBER: 02055065)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 157,604 178,854
Tangible assets 5 789 1,052
158,393 179,906

CURRENT ASSETS
Stocks 6 72,500 169,340
Debtors 7 344,413 394,140
Cash at bank 1,147,100 1,061,915
1,564,013 1,625,395
CREDITORS
Amounts falling due within one year 8 (91,607 ) (200,607 )
NET CURRENT ASSETS 1,472,406 1,424,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,630,799

1,604,694

PROVISIONS FOR LIABILITIES - (263 )
NET ASSETS 1,630,799 1,604,431

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,629,799 1,603,431
1,630,799 1,604,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

SALMINA LIMITED (REGISTERED NUMBER: 02055065)

BALANCE SHEET - continued
30TH NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th August 2025 and were signed on its behalf by:





S Jiwa - Director


SALMINA LIMITED (REGISTERED NUMBER: 02055065)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

Salmina 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

SALMINA LIMITED (REGISTERED NUMBER: 02055065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2023
and 30th November 2024 425,000
AMORTISATION
At 1st December 2023 246,146
Amortisation for year 21,250
At 30th November 2024 267,396
NET BOOK VALUE
At 30th November 2024 157,604
At 30th November 2023 178,854

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st December 2023
and 30th November 2024 14,280 43,606 3,325 61,211
DEPRECIATION
At 1st December 2023 13,744 43,365 3,050 60,159
Charge for year 134 60 69 263
At 30th November 2024 13,878 43,425 3,119 60,422
NET BOOK VALUE
At 30th November 2024 402 181 206 789
At 30th November 2023 536 241 275 1,052

6. STOCKS
2024 2023
£    £   
Stocks 72,500 169,340

SALMINA LIMITED (REGISTERED NUMBER: 02055065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,360 78,076
Other debtors 5,895 4,539
Other loans 255,000 255,000
Directors' current account - 46,215
Other taxation 9,158 10,310
344,413 394,140

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 73,131 155,292
Taxation 9,871 41,436
Social security and other taxes 2,762 (308 )
Other creditors 5,172 4,187
Directors' current account 671 -
91,607 200,607