Salt 'N' Sauce Promotions Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Salt 'N' Sauce Promotions Limited is a private company, limited by shares, incorporated in Scotland, registered number SC174688 . The registered office is Ground Floor, 5 York Place, Edinburgh, EH1 3EB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets is a lease premuim. It is amortised to the profit and loss account over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% Straight line
Leasehold	4% Straight line
Plant & Machinery	20% Reducing balance
Motor Vehicles	25% Reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Salt 'N' Sauce Promotions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 67 (2024: 75)

4. Intangible Assets

	Other	Development Costs	Total
	£	£	£
Cost
As at 1 September 2024	-	66,034	66,034
Additions	108,968	-	108,968

As at 31 August 2025	108,968	66,034	175,002

...CONTINUED

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Salt 'N' Sauce Promotions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Amortisation
As at 1 September 2024	-	65,034	65,034
Provided during the period	10,897	1,000	11,897

As at 31 August 2025	10,897	66,034	76,931

Net Book Value
As at 31 August 2025	98,071	-	98,071

As at 1 September 2024	-	1,000	1,000

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Total
	£	£	£	£
Cost
As at 1 September 2024	445,691	710,475	846,761	2,002,927
Additions	-	227,264	106,963	334,227

As at 31 August 2025	445,691	937,739	953,724	2,337,154

Depreciation
As at 1 September 2024	138,477	397,878	722,397	1,258,752
Provided during the period	8,914	37,509	46,265	92,688

As at 31 August 2025	147,391	435,387	768,662	1,351,440

Net Book Value
As at 31 August 2025	298,300	502,352	185,062	985,714

As at 1 September 2024	307,214	312,597	124,364	744,175

6. Stocks

	31 August 2025	31 August 2024
	£	£
Finished goods	47,152	32,054

7. Debtors

	31 August 2025	31 August 2024
	£	£
Due within one year
Trade debtors	18,245	8,385
Prepayments and accrued income	358,830	335,589
Other debtors (1)	170	170
Directors' loan accounts	32,716	38,087
Amounts owed by associates	4,000	4,000

	413,961	386,231

...CONTINUED

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Salt 'N' Sauce Promotions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Due after more than one year
Corporation tax recoverable assets	12,854	12,854

	426,815	399,085

8. Creditors: Amounts Falling Due Within One Year

	31 August 2025	31 August 2024
	£	£
Trade creditors	180,157	84,204
Corporation tax	-	15,085
Other taxes and social security	50,315	40,884
VAT	27,186	47,034
Other creditors (1)	7,502	4,687
Other creditors (3)	6,077	6,264
Other creditors (8)	(309 )	22
Other creditors (9)	39,691	9,620
Accruals and deferred income	808,047	661,860

	1,118,666	869,660

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	31 August 2025	31 August 2024
	£	£
Accelerated capital allowances	51,889	38,938

10. Share Capital

	31 August 2025	31 August 2024
	£	£
Allotted, Called up and fully paid	59	59

11. Related Party Transactions

As at 31 August 2025 Ms E Johnston owed Salt 'N' Sauce Promotions Limited £16,604 (2024 £16,604). This loan was interest free and repayable on demand. The maximum amount outstanding during the period was £16,604 owed by Mrs Johnston to the company.

As at 31 August 2025 Mr M Jones owed the company £16,112 (2024: £21,483).

These loans were interest free. Ms Johnston's loan is repayable on demand and Mr Jones's loan is repayable by 31 December 2027.

As at 31 August 2024 Salt 'N' Sauce Promotions held no funds for Stand Education (As at 30 April 2023 Salt 'N' Sauce Promotions Limited held £3,023 for Stand Education), a charity which operates as a company limited by guarantee. These two companies are connected parties as the members of Stand Education are also directors of Salt 'N' Sauce Promotions Limited. These funds are being held for Stand Education until it has a bank account of it's own. The maximum amount held during the year by Salt 'N' Sauce Promotions Limited was £7,500.

Also, as at 31 August 2025 Salt 'N' Sauce Promotions is owed £4,000 by the Glasgow International Comedy Festival Limited(2024: £4,000). This is a company limited by guarantee and Salt 'N' Sauce Promotions Limited is a member of this company. This balance represents the maximum amout outstanding during the year.

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		31 August 2025		31 August 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		98,071		1,000
Tangible Assets	5		985,714		744,175

			1,083,785		745,175
CURRENT ASSETS
Stocks	6	47,152		32,054
Debtors	7	426,815		399,085
Cash at bank and in hand		745,943		917,486

		1,219,910		1,348,625
Creditors: Amounts Falling Due Within One Year	8	(1,118,666 )		(869,660 )

NET CURRENT ASSETS (LIABILITIES)			101,244		478,965

TOTAL ASSETS LESS CURRENT LIABILITIES			1,185,029		1,224,140

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(51,889 )		(38,938 )

NET ASSETS			1,133,140		1,185,202

CAPITAL AND RESERVES
Called up share capital	10		59		59
Share premium account			257,463		257,463
Capital redemption reserve			61		61
Profit and Loss Account			875,557		927,619

SHAREHOLDERS' FUNDS			1,133,140		1,185,202