REGISTERED NUMBER: 07795401 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bag Of Salt Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E P Madden

Mrs K S Madden

REGISTERED OFFICE:

1st Floor , Cromwell House

14 Fulwood Place

London

WC1V 6HZ

REGISTERED NUMBER:

07795401 (England and Wales)

ACCOUNTANTS:

Gorrie Whitson

1st Floor , Cromwell House

14 Fulwood Place

London

WC1V 6HZ

FIXED ASSETS

Tangible assets

4

43,381

29,161

CURRENT ASSETS

Stocks

290,000

275,000

Debtors

5

366,911

358,630

Cash at bank

486,230

528,421

1,143,141

1,162,051

CREDITORS

Amounts falling due within one year

6

348,346

475,938

NET CURRENT ASSETS

794,795

686,113

TOTAL ASSETS LESS CURRENT LIABILITIES

838,176

715,274

CREDITORS

Amounts falling due after more than one year

7

1,667

11,667

NET ASSETS

836,509

703,607

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

836,508

703,606

SHAREHOLDERS' FUNDS

836,509

703,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

E P Madden - Director

1.	STATUTORY INFORMATION

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

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

-

25% on reducing balance

Furniture

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

Furniture

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

40,181

4,981

22,150

5,472

72,784

Additions

-

-

24,583

-

24,583

At 31 March 2025

40,181

4,981

46,733

5,472

97,367

DEPRECIATION

At 1 April 2024

13,587

4,154

20,899

4,983

43,623

Charge for year

6,648

207

3,386

122

10,363

At 31 March 2025

20,235

4,361

24,285

5,105

53,986

NET BOOK VALUE

At 31 March 2025

19,946

620

22,448

367

43,381

At 31 March 2024

26,594

827

1,251

489

29,161

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

284,558

287,713

Other debtors

82,353

70,917

366,911

358,630

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

10,000

10,000

Trade creditors

217,657

209,776

Corporation tax payable

62,495

166,933

VAT

22,647

34,476

Directors' current accounts

-

753

Accrued expenses

35,547

54,000

348,346

475,938

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

1,667

11,667

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

1,667

11,667