REGISTERED NUMBER: 10392925 (England and Wales)

SALT TOWN LIMITED

T/A

THE SALTY DOG

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Mundie

G A Sawyer

REGISTERED OFFICE:

6 Weir Street

Northwich

Cheshire

CW9 5HL

REGISTERED NUMBER:

10392925 (England and Wales)

ACCOUNTANTS:

Murray Smith LLP

Chartered Accountants

Darland House

44 Winnington Hill

Northwich

Cheshire

CW8 1AU

FIXED ASSETS

Tangible assets

4

22,019

37,283

CURRENT ASSETS

Stocks

20,643

15,908

Debtors

5

10,000

10,000

Cash at bank and in hand

29,545

61,676

60,188

87,584

CREDITORS

Amounts falling due within one year

6

103,095

50,977

NET CURRENT (LIABILITIES)/ASSETS

(42,907

)

36,607

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,888

)

73,890

CREDITORS

Amounts falling due after more than one year

7

169,306

201,710

NET LIABILITIES

(190,194

)

(127,820

)

CAPITAL AND RESERVES

Called up share capital

8

33,333

33,333

Retained earnings

(223,527

)

(161,153

)

SHAREHOLDERS' FUNDS

(190,194

)

(127,820

)

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 22 September 2025 and were signed on its behalf by:

C Mundie - Director

G A Sawyer - Director

1.	STATUTORY INFORMATION

Salt Town 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.

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 represents sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to leasehold

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% 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.

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 26 (2023 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

14,525

41,023

46,413

101,961

DEPRECIATION

At 1 January 2024

9,571

27,665

27,442

64,678

Charge for year

1,453

5,422

8,389

15,264

At 31 December 2024

11,024

33,087

35,831

79,942

NET BOOK VALUE

At 31 December 2024

3,501

7,936

10,582

22,019

At 31 December 2023

4,954

13,358

18,971

37,283

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

10,000

10,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

4,589

6,556

Trade creditors

29,473

-

Taxation and social security

22,597

12,327

Other creditors

46,436

32,094

103,095

50,977

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

30,895

26,868

Other creditors

138,411

174,842

169,306

201,710

Amounts falling due in more than five years:

Repayable by instalments

Bank loan - over 5 years

11,748

54,880

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

33,333

33,333