ACCOUNTS - Final Accounts preparation

Registered number: SC755452

SALUS PRIMUM LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

SALUS PRIMUM LIMITED

COMPANY INFORMATION

Directors	Mr A Perry
	Miss A Perry
	Mrs B Perry


Registered number	SC755452


Registered office	Pentland House
	Saltire Centre
	Glenrothes
	KY6 2AH


Accountants	EQ Accountants Limited
	Chartered Accountants
	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH

SALUS PRIMUM LIMITED

REGISTERED NUMBER: SC755452

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2025

		2025		2024
		£		£

Fixed assets
Tangible assets	4		3,689		3,990
			3,689		3,990
Current assets
Debtors: amounts falling due within one year	5	9,484		15,471
Cash at bank and in hand		39,800		51,138
		49,284		66,609
Creditors: amounts falling due within one year	6	(10,467)		(21,908)
Net current assets			38,817		44,701
Total assets less current liabilities			42,506		48,691
Provisions for liabilities
Deferred tax		(923)		(998)
			(923)		(998)
Net assets			41,583		47,693

Capital and reserves
Called up share capital	100	100
Profit and loss account	41,483	47,593
	41,583	47,693

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SALUS PRIMUM LIMITED

REGISTERED NUMBER: SC755452

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2025.

Mr A Perry	Mrs B Perry
Director	Director

The notes on pages 3 to 7 form part of these financial statements.

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SALUS PRIMUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Salus Primum Limited is a private company, limited by shares, incorporated in Scotland with registration number SC755452. The registered office is Pentland House, Saltire Centre, Glenrothes, Scotland, KY6 2AH.
The Company's functional and presentational currency is GBP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

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SALUS PRIMUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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SALUS PRIMUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

33%

Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 2).

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SALUS PRIMUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 February 2024	4,326
	Additions	1,304
	At 31 January 2025	5,630
	Depreciation
	At 1 February 2024	336
	Charge for the year on owned assets	1,605
	At 31 January 2025	1,941
	Net book value
	At 31 January 2025	3,689
	At 31 January 2024	3,990

Debtors

					2025	2024
					£	£


Trade debtors	9,360	11,374
Other debtors	124	4,097
	9,484	15,471

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	15	221
Other taxation and social security	8,294	19,167
Other creditors	58	600
Accruals and deferred income	2,100	1,920
	10,467	21,908

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SALUS PRIMUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

Nil (2024 - 100) Ordinary shares of £1.00 each	-	100
45 (2024 - Nil ) A Ordinary shares of £1.00 each	45	-
45 (2024 - Nil) B Ordinary shares of £1.00 each	45	-
5 (2024 - Nil) C Ordinary shares of £1.00 each	5	-
5 (2024 - Nil) D Ordinary shares of £1.00 each	5	-

	100	100

The company reclassified the ordinary shares during the year.

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