SALUS RESTAURANTS LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13762576

SALUS RESTAURANTS LTD

Filleted Unaudited Financial Statements

31 March 2025

SALUS RESTAURANTS LTD

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	4,158	5,658
Tangible assets	6	975,450	238,803
Investments	7	2,500	2,500
		---------	---------
		982,108	246,961

Current assets

Stocks		50,472	56,887
Debtors	8	12,500	27,696
Cash at bank and in hand		661,487	887,087
		---------	---------
		724,459	971,670

Creditors: amounts falling due within one year	9	894,337	852,075
		---------	---------
Net current (liabilities)/assets		( 169,878)	119,595
		---------	---------
Total assets less current liabilities		812,230	366,556

Creditors: amounts falling due after more than one year	10	514,866	103,291
		---------	---------
Net assets		297,364	263,265
		---------	---------

Capital and reserves

Called up share capital		100	100
Profit and loss account	11	297,264	263,165
		---------	---------
Shareholders funds		297,364	263,265
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SALUS RESTAURANTS LTD

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 8 September 2025 , and are signed on behalf of the board by:

Mr J D Swaby	Mrs J A Swaby
Director	Director

Company registration number: 13762576

SALUS RESTAURANTS LTD

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o The Accounting Centre Limited, First Floor, 736 High Road, North Finchley, London, N12 9QD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	20 Years
Franchise Fees	-	20 Years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	7 Years
Fixtures and fittings	-	7 Years
Computer Equipment	-	3 Years

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Amounts not paid are shown as a creditor on the balance sheet. The assets of the scheme are held separately from the company in independently administered funds.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 195 (2024: 200 ).

5. Intangible assets

	Goodwill	Franchise Fees	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1	7,995	7,996
	----	-------	-------
Amortisation
At 1 April 2024	1	2,337	2,338
Charge for the year	–	1,500	1,500
	----	-------	-------
At 31 March 2025	1	3,837	3,838
	----	-------	-------
Carrying amount
At 31 March 2025	–	4,158	4,158
	----	-------	-------
At 31 March 2024	–	5,658	5,658
	----	-------	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Computer Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	226,102	4,166	40,189	270,457
Additions	829,690	2,982	3,109	835,781
	------------	-------	--------	------------
At 31 March 2025	1,055,792	7,148	43,298	1,106,238
	------------	-------	--------	------------
Depreciation
At 1 April 2024	22,785	249	8,620	31,654
Charge for the year	84,988	595	13,551	99,134
	------------	-------	--------	------------
At 31 March 2025	107,773	844	22,171	130,788
	------------	-------	--------	------------
Carrying amount
At 31 March 2025	948,019	6,304	21,127	975,450
	------------	-------	--------	------------
At 31 March 2024	203,317	3,917	31,569	238,803
	------------	-------	--------	------------

7. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024 and 31 March 2025	2,500
	-------
Impairment
At 1 April 2024 and 31 March 2025	–
	-------

Carrying amount
At 31 March 2025	2,500
	-------
At 31 March 2024	2,500
	-------

8. Debtors

	2025	2024
	£	£
Other debtors	12,500	27,696
	--------	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	140,005	21,003
Trade creditors	262,982	329,049
Corporation tax	–	23,733
Social security and other taxes	290,951	290,833
Other creditors	200,399	187,457
	---------	---------
	894,337	852,075
	---------	---------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	514,866	43,391
Other creditors	–	59,900
	---------	---------
	514,866	103,291
	---------	---------

11. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

12. Directors' advances, credits and guarantees

No movement during the year.

13. Controlling party

The company was under the control of its directors throughout the year.