Registration number: 08777331

M Salt Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

M Salt Limited

(Registration number: 08777331)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	39,913	44,248
Current assets
Stocks	5	60,527	60,527
Debtors	6	1,662	11,081
Cash at bank and in hand		53,125	8,817
		115,314	80,425
Creditors: Amounts falling due within one year	7	(55,132)	(52,122)
Net current assets		60,182	28,303
Total assets less current liabilities		100,095	72,551
Provisions for liabilities		(7,583)	(8,408)
Net assets		92,512	64,143
Capital and reserves
Called up share capital		110	110
Retained earnings		92,402	64,033
Shareholders' funds		92,512	64,143

For the financial year ending 31 December 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 August 2025 and signed on its behalf by:
 

......................................... Mr MA Salt Director

M Salt Limited

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

1	General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
England

The principal place of business is:
Shayes Farm
Noneley
Wem
Shrewsbury
SY4 5SL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

M Salt Limited

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

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on cost
Motor vehicles	25% on reducing balance

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

M Salt Limited

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

4	Tangible assets

	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	54,413	180,075	234,488
Additions	3,500	5,435	8,935
At 31 December 2024	57,913	185,510	243,423
Depreciation
At 1 January 2024	42,704	147,536	190,240
Charge for the year	3,802	9,468	13,270
At 31 December 2024	46,506	157,004	203,510
Carrying amount
At 31 December 2024	11,407	28,506	39,913
At 31 December 2023	11,709	32,539	44,248

M Salt Limited

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

5

Stocks

	2024 £	2023 £
Work in progress	43,027	43,027
Other inventories	17,500	17,500
	60,527	60,527

6

Debtors

Current	2024 £	2023 £
Trade debtors	-	10,165
Prepayments	1,662	916
	1,662	11,081

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	10,222	29,727
Taxation and social security	43,184	20,923
Accruals and deferred income	1,306	1,233
Other creditors	420	239
	55,132	52,122