Wilson Salt Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI014902

WILSON SALT LIMITED

FILLETED FINANCIAL STATEMENTS

31 August 2025

WILSON SALT LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	5,191,997	3,700,224
Investments	6	87	87
		------------	------------
		5,192,084	3,700,311

Current assets

Stocks	7	1,423,482	1,671,080
Debtors	8	2,107,592	2,242,967
Cash at bank and in hand		2,697,673	2,528,205
		------------	------------
		6,228,747	6,442,252

Creditors: amounts falling due within one year	9	4,990,236		4,213,710
		------------		------------
Net current assets			1,238,511	2,228,542
			------------	------------
Total assets less current liabilities			6,430,595	5,928,853

Provisions

Taxation including deferred tax	10	1,218,080	840,278
		------------	------------
Net assets		5,212,515	5,088,575
		------------	------------

WILSON SALT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	14	2,000	2,000
Profit and loss account	15	5,210,515	5,086,575
		------------	------------
Shareholders funds		5,212,515	5,088,575
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:

Mr E R A Wilson

Director

Company registration number: NI014902

WILSON SALT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 27 Duncrue Street, Belfast, BT3 9AR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	4% straight line
Plant and machinery	-	6% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	20% straight line

	Equipment	-	33 % straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

The company operates "personal pension plans" whereby the company agrees to pay, for eligible employees, a defined contribution into the employee's own personal pension scheme. The pension charge represents contributions payable by the company for the year. The company's liability is limited to the amount of the contribution. The liability for meeting future pension payments rests solely with the employee's personal pension scheme.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 24 (2024: 22 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Sep 2024	314,055	5,206,563	54,409	199,298	300,830	6,075,155
Additions	–	2,080,353	9,202	–	310,362	2,399,917
Disposals	–	( 449,080)	–	–	( 100,186)	( 549,266)
Transfers	–	270,125	–	–	(244,824)	25,301
	---------	------------	--------	---------	---------	------------
At 31 Aug 2025	314,055	7,107,961	63,611	199,298	266,182	7,951,107
	---------	------------	--------	---------	---------	------------
Depreciation
At 1 Sep 2024	82,449	2,153,836	43,953	52,733	41,960	2,374,931
Charge for the year	12,984	364,727	4,633	39,865	30,909	453,118
Disposals	–	( 68,939)	–	–	–	( 68,939)
	---------	------------	--------	---------	---------	------------
At 31 Aug 2025	95,433	2,449,624	48,586	92,598	72,869	2,759,110
	---------	------------	--------	---------	---------	------------
Carrying amount
At 31 Aug 2025	218,622	4,658,337	15,025	106,700	193,313	5,191,997
	---------	------------	--------	---------	---------	------------
At 31 Aug 2024	231,606	3,052,727	10,456	146,565	258,870	3,700,224
	---------	------------	--------	---------	---------	------------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 September 2024 and 31 August 2025	87
	----
Impairment
At 1 September 2024 and 31 August 2025	–
	----

Carrying amount
At 31 August 2025	87
	----
At 31 August 2024	87
	----

The company held the following 100% subsidiary undertakings during the period:

Subsidiary Place of registration

Wilson Salt Ireland Limited Ireland

The aggregate share capital and reserves at 31 August 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

2025 2024

€ €

Aggregate capital and reserves

Wilson Salt Ireland Limited 178,858 28,890

€ €

Profit and Loss for year

Wilson Salt Ireland Limited 150,069 146,068

7. Stocks

	2025	2024
	£	£
Raw materials and consumables	1,423,482	1,671,080
	------------	------------

8. Debtors

	2025	2024
	£	£
Trade debtors	1,460,960	1,639,639
Amounts owed by group and related undertakings	267,837	441,563
Other debtors	378,795	161,765
	------------	------------
	2,107,592	2,242,967
	------------	------------

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	886,307	463,416
Amounts owed to group and related undertakings	3,590,020	2,342,226
Corporation tax	–	206,627
Social security and other taxes	115,266	135,981
Other creditors	398,643	1,065,460
	------------	------------
	4,990,236	4,213,710
	------------	------------

Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. The bank overdraft is secured by the following: - a floating charge over the undertakings and assets of the company, and - a fixed charge over the book debts of the company.

10. Provisions

	Deferred tax (note 11)
	£
At 1 September 2024	840,278
Additions	377,802
	------------
At 31 August 2025	1,218,080
	------------

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	1,218,080	840,278
	------------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	1,218,080	840,278
	------------	---------

12. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 44,566 (2024: £ 36,938 ).

13. Government grants

The amounts recognised in the financial statements for government grants are as follows:

	2025	2024
	£	£

Recognised in creditors:

Deferred government grants due within one year	30,437	10,491
	--------	--------

Recognised in other operating income:

Government grants recognised directly in income	16,326	2,138
	--------	-------

14. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2,000	2,000	2,000	2,000
	-------	-------	-------	-------

15. Reserves

The profit and loss account records retained earnings and accumulated losses.

16. Contingencies

There were no contingencies at the year ended 31 August 2025 (2024: Nil)

17. Summary audit opinion

The auditor's report dated 28 November 2025 was unqualified .

The senior statutory auditor was Michael Flannigan , for and on behalf of FEB Chartered Accountants .

18. Directors' advances, credits and guarantees

During the year no transactions took place between the company and any director and no amount was outstanding at the year end.

19. Related party transactions

The company was under the control of the Wilson family throughout the current and previous year by virtue of their controlling interest in Wilson Resources Limited's share capital. Balances with related parties at the year end can be summarised as follows: Aug-2025 Aug-2024 £ £ Wilson Resources Limited -amount due from Wilson Resources (3,590,020) (2,340,062) Wilson Salt (Ireland) Limited - amounts due from Wilson Salt (Ireland) 267,837 441,563 Companies under common control: Clinty Chemicals Limited -amounts due from Clinty Chemicals 27,580 (2,164) Clinty Re-Gen Limited -amounts due from Clinty Re-Gen Nil Nil Clinty Laboratories Limited -amounts due from Clinty Laboratories 1,890 Nil Antrim Shipbrokers Limited -amounts due to Antrim Shipbrokers Nil Nil

20. Controlling party

The parent company is Wilson Resources Limited, a company registered in Northern Ireland.