Salty's Mablethorpe Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07872823 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Salty's Mablethorpe Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D C Howell

Mrs J A Howell

M C Howell

REGISTERED OFFICE:

25/27 High Street

Mablethorpe

Lincolnshire

LN12 1AF

REGISTERED NUMBER:

07872823 (England and Wales)

ACCOUNTANTS:

Philip Ross Accountants Ltd

28 Victoria Road

Mablethorpe

Lincolnshire

LN12 2AQ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

583,255

560,106

583,255

560,106

CURRENT ASSETS

Cash at bank and in hand

809,746

532,433

CREDITORS

Amounts falling due within one year

6

127,470

115,071

NET CURRENT ASSETS

682,276

417,362

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,265,531

977,468

PROVISIONS FOR LIABILITIES

165,591

15,591

NET ASSETS

1,099,940

961,877

CAPITAL AND RESERVES

Called up share capital

7

101

Retained earnings

8

1,099,839

961,776

SHAREHOLDERS' FUNDS

1,099,940

961,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 30 September 2025 and were signed on its behalf by:

Mrs J A Howell - Director

1.	STATUTORY INFORMATION

Salty's Mablethorpe Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

20,000

AMORTISATION

At 1 January 2024

and 31 December 2024

20,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

454,546

255,055

709,601

Additions

-

55,322

At 31 December 2024

454,546

310,377

764,923

DEPRECIATION

At 1 January 2024

-

149,495

Charge for year

-

32,173

At 31 December 2024

-

181,668

NET BOOK VALUE

At 31 December 2024

454,546

128,709

583,255

At 31 December 2023

454,546

105,560

560,106

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

33,519

34,879

Taxation and social security

84,486

75,569

Other creditors

9,465

4,623

127,470

115,071

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

1

100

1

Ordinary A Share

1

101

8.

RESERVES

Retained

earnings

£

At 1 January 2024

961,776

Profit for the year

213,663

Dividends

(75,600

)

At 31 December 2024

1,099,839