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Company Registration No. 12559772 (England and Wales)
Salinity Solutions Ltd Unaudited accounts for the year ended 31 December 2024
Salinity Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Salinity Solutions Ltd Company Information for the year ended 31 December 2024
Directors
Timothy Naughton Richard Bruges Wayne Hickling Stephen Dunn James Gilroy Hernan Ureta
Company Number
12559772 (England and Wales)
Registered Office
86-90 Paul Street London London EC2A 4NE England
Accountants
SA Ledgers Ltd 57 Canbury Park Road Kingston KT2 6LQ
- 3 -
Salinity Solutions Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
337,455 
57,213 
Tangible assets
5
24,515 
24,450 
Investments
6
1,000 
- 
362,970 
81,663 
Current assets
Debtors
7
265,437 
34,210 
Cash at bank and in hand
1,001,229 
303,398 
1,266,666 
337,608 
Creditors: amounts falling due within one year
8
(167,162)
(123,127)
Net current assets
1,099,504 
214,481 
Total assets less current liabilities
1,462,474 
296,144 
Creditors: amounts falling due after more than one year
9
(250,000)
(530,572)
Net assets/(liabilities)
1,212,474 
(234,428)
Capital and reserves
Called up share capital
209 
174 
Share premium
3,463,016 
1,565,037 
Profit and loss account
(2,250,751)
(1,799,639)
Shareholders' funds
1,212,474 
(234,428)
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Richard Bruges Director Company Registration No. 12559772
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Salinity Solutions Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Salinity Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12559772. The registered office is 86-90 Paul Street, London, London, EC2A 4NE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
The directors of Salinity Solutions Ltd in preparing the Accounts for the Period ending 30th June 2022 considered the Company to be carrying on business as a Going Concern, in accordance within the provisions under FRS 102 Section 1A. When preparing financial statements, In assessing whether the going concern assumption is appropriate, management had taken into account all available information about the future, which was at least, but is not limited to, twelve months from the date when the financial statements were authorised for issue. In dealing with areas of uncertainty and when management is aware, in making its assessment of material uncertainties relating to events or conditions that cast significant doubt upon the entity’s ability to continue as a going concern, the entity shall disclose those uncertainties. No such disclosures were considered necessary in preparing the Financial Statements. The directors are able to conclude that no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern exist at the date of signing.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
- 5 -
Salinity Solutions Ltd Notes to the Accounts for the year ended 31 December 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
57,213 
Additions
297,375 
At 31 December 2024
354,588 
Amortisation
At 1 January 2024
- 
Charge for the year
17,133 
At 31 December 2024
17,133 
Net book value
At 31 December 2024
337,455 
At 31 December 2023
57,213 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
4,903 
17,225 
6,021 
28,149 
Additions
10,354 
- 
- 
10,354 
At 31 December 2024
15,257 
17,225 
6,021 
38,503 
Depreciation
At 1 January 2024
563 
- 
3,136 
3,699 
Charge for the year
804 
5,880 
3,605 
10,289 
At 31 December 2024
1,367 
5,880 
6,741 
13,988 
Net book value
At 31 December 2024
13,890 
11,345 
(720)
24,515 
At 31 December 2023
4,340 
17,225 
2,885 
24,450 
6
Investments
Other investments 
£ 
Valuation at 1 January 2024
- 
Additions
1,000 
Valuation at 31 December 2024
1,000 
- 6 -
Salinity Solutions Ltd Notes to the Accounts for the year ended 31 December 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,447 
4,335 
Trade debtors
195,430 
11,924 
Accrued income and prepayments
5,353 
17,951 
Other debtors
53,207 
- 
265,437 
34,210 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
58,542 
15,488 
Taxes and social security
32,701 
23,014 
Other creditors
7,255 
10 
Accruals
68,664 
74,615 
Deferred income
- 
10,000 
167,162 
123,127 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
250,000 
530,572 
The amount relates to Advanced Subscription Agreements that were concluded in April 2024.
10
Average number of employees
During the year the average number of employees was 9 (2023: 7).
- 7 -