Company Registration No. 01324683 (England and Wales)
Edward F. Saltmarsh (Produce) Limited
Unaudited accounts
for the year ended 31 March 2025
Edward F. Saltmarsh (Produce) Limited
Unaudited accounts
Contents
Edward F. Saltmarsh (Produce) Limited
Company Information
for the year ended 31 March 2025
Directors
David Edward Saltmarsh
Jessamy Scott Saltmarsh
Jennifer Anne Saltmarsh
Elizabeth Jane Foster
Company Number
01324683 (England and Wales)
Registered Office
Parson's Spinney
Front Street
Ousden
Newmarket
Suffolk
CB8 8TW
United Kingdom
Accountants
Orchard House Bookkeeping Services
3 Douglas Court
ELY
Cambs
CB7 4SE
Edward F. Saltmarsh (Produce) Limited
Statement of financial position
as at 31 March 2025
Investment property
158,000
158,000
Cash at bank and in hand
14,696
6,603
Creditors: amounts falling due within one year
(4,008)
(4,436)
Net current assets
10,688
2,224
Total assets less current liabilities
231,309
223,728
Provisions for liabilities
Deferred tax
(4,956)
(6,316)
Net assets
226,353
217,412
Called up share capital
10,000
10,000
Profit and loss account
216,353
207,412
Shareholders' funds
226,353
217,412
For the year ending 31 March 2025 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 9 December 2025 and were signed on its behalf by
David Edward Saltmarsh
Director
Company Registration No. 01324683
Edward F. Saltmarsh (Produce) Limited
Notes to the Accounts
for the year ended 31 March 2025
Edward F. Saltmarsh (Produce) Limited is a private company, limited by shares, registered in England and Wales, registration number 01324683. The registered office is Parson's Spinney, Front Street, Ousden, Newmarket, Suffolk, CB8 8TW, United Kingdom.
The principal activity of the Company in the year under review was that of an investment company.
The accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principle accounting policies have been applied.
These financial statements have been prepared on a going concern basis.
The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.
Based on this assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external debt liabilities.
In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements.
The accounts are presented in £ sterling.
Edward F. Saltmarsh (Produce) Limited
Notes to the Accounts
for the year ended 31 March 2025
Transactions and balances
Foreign currency transactions are translated into the functional currency using the sport exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated into sterling using the closing rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Operating leases: the Company as lessor
Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.
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 expenses 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 income 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 value of assets acquired and the future tax deductions available for them and the differences between 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.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less 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:
Plant & machinery
16% Straight line
Fixtures & fittings
25% Straight line
Computer equipment
33% Straight line
Edward F. Saltmarsh (Produce) Limited
Notes to the Accounts
for the year ended 31 March 2025
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
(i) Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at the market rate of interest.
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.
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.
Average number of employees
The average monthly number of employees, including directors, during the year was 4 (2024-4)
Edward F. Saltmarsh (Produce) Limited
Notes to the Accounts
for the year ended 31 March 2025
3
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
3,813
344
1,744
5,901
At 31 March 2025
3,813
344
1,744
5,901
At 1 April 2024
3,813
344
958
5,115
Charge for the year
-
-
584
584
At 31 March 2025
3,813
344
1,542
5,699
At 31 March 2025
-
-
202
202
At 31 March 2024
-
-
786
786
Fair value at 1 April 2024
158,000
5
Investments
Other investments
Valuation at 1 April 2024
62,718
Fair value adjustments
(299)
Valuation at 31 March 2025
62,419
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Loans from directors
2,297
2,625
Edward F. Saltmarsh (Produce) Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Deferred taxation
2025
2024
Accelerated capital allowances
6,316
6,316
Other deferred taxation
(1,360)
-
Provision at start of year
6,316
5,159
(Credited)/charged to other comprehensive income
(1,360)
1,157
Provision at end of year
4,956
6,316
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).
10
Reconciliations on adoption of FRS 102