Salt Trading Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05011083

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		279,268		197,723

			279,268		197,723
CURRENT ASSETS
Stocks		5,535		6,269
Debtors	6	36,832		65,994
Cash at bank and in hand		92,449		176,811

		134,816		249,074
Creditors: Amounts Falling Due Within One Year	7	(156,743 )		(186,990 )

NET CURRENT ASSETS (LIABILITIES)			(21,927 )		62,084

TOTAL ASSETS LESS CURRENT LIABILITIES			257,341		259,807

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(27,588 )		(19,799 )

NET ASSETS			229,753		240,008

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			229,653		239,908

SHAREHOLDERS' FUNDS			229,753		240,008

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Salt Trading Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Salt

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Salt Trading Limited Registered number 05011083 is a limited by shares company incorporated in England & Wales. The Registered Office is 362 Pontefract Road, Lundwood, Barnsley, South Yorkshire, S71 5JY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Storage Facility	S/L over 50 years
Motor Vehicles	25% reducing balance
Equipment Fixtures and Fittings	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 45 (2023: 43)

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Salt Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	161,105

As at 31 December 2024	161,105

Amortisation
As at 1 January 2024	161,105

As at 31 December 2024	161,105

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Storage Facility	Motor Vehicles	Equipment Fixtures and Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	53,000	190,431	236,433	479,864
Additions	83,156	2,071	40,734	125,961

As at 31 December 2024	136,156	192,502	277,167	605,825

Depreciation
As at 1 January 2024	1,060	93,492	187,589	282,141
Provided during the period	2,723	24,321	17,372	44,416

As at 31 December 2024	3,783	117,813	204,961	326,557

Net Book Value
As at 31 December 2024	132,373	74,689	72,206	279,268

As at 1 January 2024	51,940	96,939	48,844	197,723

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	15,292	24,633
Prepayments and accrued income	4,283	24,104
S455 tax debtor	17,257	17,257

	36,832	65,994

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Salt Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	17,297	25,708
PAYE creditor	8,744	5,796
VAT creditor	56,201	42,273
Wages creditor	15,501	8,054
Pension creditor	-	617
Accruals and deferred income	-	1,066
Directors' loan accounts	59,000	103,476

	156,743	186,990

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	27,588	19,799

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	19,799	19,799
Additions	7,789	7,789

Balance at 31 December 2024	27,588	27,588

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

11. Other Commitments

At the end of the period the company had annual commitments under non-cancellable leases as follows:

	2024	2023
	£	£
Not later than one year	14,750	3,688
Later than one year and not later than five years	59,000	-
Later than five years	62,688	-

	136,438	3,688

12. Related Party Transactions

The company is controlled by J L Salt & S H Salt, directors and shareholders of the company.

The balance on the director's loan account of Mr J Salt at 31st December 2024 was £59,000 (2023 - £103,476) due from the company.

The company has given a cross gaurantee in respect of borrowings in an associated company.

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