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REGISTERED NUMBER: 09511358 (England and Wales)















SALAR SMOKEHOUSE LIMITED

Financial Statements for the Year Ended 31 March 2025






SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SALAR SMOKEHOUSE LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTORS: I Macrury
Mrs E Macrury





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 09511358 (England and Wales)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 751,403 675,087

CURRENT ASSETS
Stocks 12,865 11,359
Debtors 5 40,505 27,643
Cash at bank 12,034 11,089
65,404 50,091
CREDITORS
Amounts falling due within one year 6 109,717 118,738
NET CURRENT LIABILITIES (44,313 ) (68,647 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

707,090

606,440

CREDITORS
Amounts falling due after more than one
year

7

(363,767

)

(376,192

)

PROVISIONS FOR LIABILITIES (4,364 ) (13,627 )

ACCRUALS AND DEFERRED INCOME (183,948 ) (75,519 )
NET ASSETS 155,011 141,102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 154,911 141,002
SHAREHOLDERS' FUNDS 155,011 141,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)

Balance Sheet - continued
31 March 2025


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 20 August 2025 and were signed on its behalf by:




I Macrury - Director



Mrs E Macrury - Director


SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Salar Smokehouse 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.

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 - 20% depreciation on cost
Computer equipment - 20% depreciation on 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.

SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 548,600 53,159 157,692
Additions - - 87,747
At 31 March 2025 548,600 53,159 245,439
DEPRECIATION
At 1 April 2024 - 51,133 43,831
Charge for year - 1,113 7,589
At 31 March 2025 - 52,246 51,420
NET BOOK VALUE
At 31 March 2025 548,600 913 194,019
At 31 March 2024 548,600 2,026 113,861

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 20,517 14,657 794,625
Additions - - 87,747
At 31 March 2025 20,517 14,657 882,372
DEPRECIATION
At 1 April 2024 10,436 14,138 119,538
Charge for year 2,521 208 11,431
At 31 March 2025 12,957 14,346 130,969
NET BOOK VALUE
At 31 March 2025 7,560 311 751,403
At 31 March 2024 10,081 519 675,087

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 24,034 19,543
Zettle control account 4,342 3,450
Other debtors 2,144 -
Hebridean Candles Ltd 6,330 -
VAT 3,655 4,650
40,505 27,643

SALAR SMOKEHOUSE LIMITED (REGISTERED NUMBER: 09511358)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 33,062 21,230
CnES loan (<1 year) 10,000 7,500
Hire purchase contracts - 8,454
Trade creditors 45,224 68,993
Barclaycard Commercial 548 -
Tax 412 (392 )
Social security and other taxes 934 3,304
Pensions control account 361 409
Accrued expenses 19,176 9,240
109,717 118,738

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 15,000 15,503
Bank loans - 2-5 years 45,000 45,970
Bank loans more 5 yr by instal 218,613 232,320
CnES loan (1-2 years) 10,000 10,000
CnES loan (2-5 years) 1,667 12,500
Directors' loan accounts 73,487 59,899
363,767 376,192

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 218,613 232,320

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 293,613 308,520

The Bank of Scotland PLC hold a Standard Security over the properties formerly known as The Island Deli and Cafe, Balivanich, The Old Shop House, Balivanich, and Skinners, 6 Uachdar, Benbecula. These properties are now operated by the company as The Bothy, Charlie's Bistro and the new Smokehouse, respectively.

The Bank of Scotland PLC also holds a fixed and floating charge over all the property of the company.

9. RELATED PARTY DISCLOSURES

Included within creditors falling due after one year is a balance to the directors, of £73,487 (2024 - £59,899). There are no formal terms of repayment and interest is not charged on the balance.

The Ultimate Controlling Party is the directors, who control the company in concert.