General Information
Salhan Accountants Limited is a private company, limited by shares, registered in England and Wales, registration number 04555307, registration address 15th Floor, 54 Hagley Road, Birmingham, West Midlands, B16 8PE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors have assessed the company's ability to continue as a going concern and have considered budgets and cash flow forecasts for a period of at least twelve months from the date of approval of these financial statements.
Based on that assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.
Turnover
The whole of the company's turnover is attributable to the provision of accounting, taxation and business advisory services and arises within the United Kingdom.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted at the reporting date and that are expected to apply when the timing differences reverse.
The deferred tax liability arises principally on accelerated capital allowances on tangible fixed assets.
The deferred tax provision was reassessed during the year following a review of fixed asset carrying values. The element relating to earlier years is shown separately in note 5.
No deferred tax is recognised on goodwill. Current and deferred tax assets and liabilities are not discounted.
Dividends
Dividends are recognised as a liability only when they are approved and no longer at the discretion of the company before the reporting date. Dividends of £48,500 were declared and paid during the year (2024: £115,000).
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Other intangible assets
Other intangible assets, including software and website development costs, are stated at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is calculated on a straight-line basis over their estimated useful economic lives.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Pension Provisions
The pension control balance previously included within provisions has been reclassified to accruals.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
15 Reducing Balance
|
| Computer Equipment |
25 Straight Line
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 12 (2024 : 15).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Other |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 November 2024 |
86,967 |
|
31,984 |
|
118,951 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 October 2025 |
86,967 |
|
31,984 |
|
118,951 |
| Amortisation |
| At 01 November 2024 |
35,635 |
|
- |
|
35,635 |
| Charge for year |
1,600 |
|
- |
|
1,600 |
| On disposals |
- |
|
- |
|
- |
| At 31 October 2025 |
37,235 |
|
- |
|
37,235 |
| Net book values |
| At 31 October 2025 |
49,732 |
|
31,984 |
|
81,716 |
| At 31 October 2024 |
51,332 |
|
31,984 |
|
83,316 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 November 2024 |
214,845 |
|
95,756 |
|
310,601 |
| Additions |
1,340 |
|
6,134 |
|
7,474 |
| Disposals |
- |
|
- |
|
- |
| At 31 October 2025 |
216,185 |
|
101,890 |
|
318,075 |
| Depreciation |
| At 01 November 2024 |
117,368 |
|
85,141 |
|
202,509 |
| Charge for year |
14,702 |
|
13,622 |
|
28,324 |
| On disposals |
- |
|
- |
|
- |
| At 31 October 2025 |
132,070 |
|
98,763 |
|
230,833 |
| Net book values |
| Closing balance as at 31 October 2025 |
84,115 |
|
3,127 |
|
87,242 |
| Opening balance as at 01 November 2024 |
97,477 |
|
10,615 |
|
108,092 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
13,847 |
|
0 |
|
13,847 |
|
0 |
|
| 5. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Prepayments |
0 |
|
13,847 |
|
0 |
|
13,847 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
50,000 |
|
35,000 |
| Amounts Owed to Group Undertakings |
90,000 |
|
0 |
| Corporation Tax |
34,598 |
|
55,395 |
| PAYE & Social Security |
5,807 |
|
6,200 |
| Accrued Expenses |
1,147 |
|
0 |
| System Holdings Loans |
0 |
|
106,500 |
| Directors Loan Accounts - Salhan Mr M |
1,498 |
|
0 |
| Directors Loan Accounts Salhan Dr A |
1,020 |
|
0 |
| VAT |
22,667 |
|
13,261 |
|
206,737 |
|
216,356 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
2,701 |
|
12,982 |
| Directors' Loan Accounts - Salhan Mr M |
0 |
|
1,298 |
| Directors' Loan Accounts Salhan Dr A |
0 |
|
1,000 |
|
2,701 |
|
15,280 |
Creditors Due After More Than Five Years / Secured Debts
Included within creditors is £nil (2024: £nil) falling due after more than five years.
No liabilities are secured by fixed or floating charges over the assets of the company.
Directors' advances, credits and guarantees
At 31 October 2025 the company owed the following amounts to the directors:
Mr M Salhan: £1,498 (2024: £1,298)
Dr A Salhan: £1,020 (2024: £1,000)
The balances were unsecured, interest free and repayable on demand. No guarantees were given by or on behalf of the directors.
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
21,299 |
|
43,069 |
| Pension Provisions |
0 |
|
90 |
|
21,299 |
|
43,159 |
The deferred tax provision relates to accelerated capital allowances and other timing differences on fixed assets.
|
| 9. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
| 10. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Related party transactions | (90,000) | | 0 | | (90,000) | | 0 |
During the year the company incurred Licences & Subscriptions charges of £90,000 (2024: £nil) from Xpert Technologies Limited, a company under common control. At 31 October 2025, £90,000 (2024: £nil) remained outstanding and is included within creditors falling due within one year.
A balance of £106,500 due to System Holdings Limited, a related undertaking, was outstanding at 1 November 2024 and was fully settled during the year. No balance was outstanding at 31 October 2025.
Dividends of £48,500 (2024: £115,000) were paid during the year to System Holdings Limited, the company's parent undertaking. |
| 11. |
Judgements and key sources of estimation uncertainty
The principal estimates and assumptions affecting these financial statements are:
- the useful economic lives of goodwill and tangible fixed assets;
- the calculation of deferred taxation arising on capital allowances and related timing differences; and
- impairment assessments of goodwill and other intangible assets where indicators of impairment exist.
|
| 12. |
Financial commitments, guarantees and contingencies
At 31 October 2025 the company had no material capital commitments, guarantees, contingent liabilities or off-balance-sheet arrangements requiring disclosure.
|
| 13. |
Events after the reporting date
There have been no material events occurring after the reporting date which require adjustment to or disclosure in these financial statements.
|
| 14. |
Ultimate Controlling Party
The company's immediate and ultimate parent undertaking is System Holdings Limited, a company registered in England and Wales. The ultimate controlling parties are Mr M Salhan and Dr A Salhan by virtue of their control of System Holdings Limited.
|
3
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