Registration number: 03371525

Saltash Limited

Contents

Company Information	1
Directors' Report	2
Profit and Loss Account	3
Balance Sheet	4 to 5
Notes to the Unaudited Financial Statements	6 to 12

Saltash Limited

Company Information

Directors

Duncan Nigel Heath Eileen Krywyckyj Michaela Alexandra Brayford Zack Graham Heath Jon Shaw

Company secretary

Michaela Alexandra Brayford

Registered office

DCF House Unit 2 Chemical Lane Stoke-On-Trent Staffordshire ST6 4PB

Accountants

M Ball & Co Limited The Hemington Millhouse Business Centre Station Road Castle Donington Derby DE74 2NJ

Saltash Limited

Directors' Report for the Year Ended 30 November 2025

The directors present their report and the financial statements for the year ended 30 November 2025.

Directors of the company

The directors who held office during the year were as follows:

Duncan Nigel Heath

Eileen Krywyckyj

Michaela Alexandra Brayford - Company secretary and director

Zack Graham Heath (appointed 1 January 2025)

Jon Shaw (appointed 1 January 2025)

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 August 2026 and signed on its behalf by:
 

......................................... Jon Shaw Director

Saltash Limited

Profit and Loss Account for the Year Ended 30 November 2025

	Note	2025 £	2024 £
Turnover		15,190,039	12,719,317
Cost of sales		(9,687,200)	(8,733,401)
Gross profit		5,502,839	3,985,916
Administrative expenses		(4,488,915)	(3,260,528)
Operating profit		1,013,924	725,388
Other interest receivable and similar income		16,692	17,852
Interest payable and similar expenses		(34,907)	(33,148)
		(18,215)	(15,296)
Profit before tax		995,709	710,092
Tax on profit		(305,178)	(189,229)
Profit for the financial year		690,531	520,863

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Saltash Limited

(Registration number: 03371525)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	461,211	292,241
Investment property	5	733,050	733,050
Other financial assets	6	218,299	218,299
		1,412,560	1,243,590
Current assets
Stocks		685,000	385,000
Debtors	7	4,224,480	4,064,540
Cash at bank and in hand		368,957	601,779
		5,278,437	5,051,319
Creditors: Amounts falling due within one year	8	(3,425,201)	(3,321,128)
Net current assets		1,853,236	1,730,191
Total assets less current liabilities		3,265,796	2,973,781
Creditors: Amounts falling due after more than one year	8	(213,447)	(173,993)
Provisions for liabilities		(70,336)	(205,634)
Net assets		2,982,013	2,594,154
Capital and reserves
Called up share capital		2	2
Retained earnings		2,982,011	2,594,152
Shareholders' funds		2,982,013	2,594,154

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Saltash Limited

(Registration number: 03371525)
Balance Sheet as at 30 November 2025

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2026 and signed on its behalf by:
 

......................................... Jon Shaw Director

Saltash Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
DCF House
Unit 2 Chemical Lane
Stoke-On-Trent
Staffordshire
ST6 4PB
England

These financial statements were authorised for issue by the Board on 27 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Saltash Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long-term Leasehold Property	10% Straight Line
Plant & Machinery	20% Straight Line
Motor Vehicles	25% Straight Line
Fixtures & Fittings	15% Straight Line
Office Equipment	33% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Saltash Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Saltash Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 65 (2024 - 49).

Saltash Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2024	58,859	329,099	301,729	689,687
Additions	26,266	26,433	354,814	407,513
Disposals	-	-	(115,987)	(115,987)
At 30 November 2025	85,125	355,532	540,556	981,213
Depreciation
At 1 December 2024	33,647	214,964	148,835	397,446
Charge for the year	7,431	38,686	96,006	142,123
Eliminated on disposal	-	-	(19,567)	(19,567)
At 30 November 2025	41,078	253,650	225,274	520,002
Carrying amount
At 30 November 2025	44,047	101,882	315,282	461,211
At 30 November 2024	25,212	114,135	152,894	292,241

Included within the net book value of land and buildings above is £44,048 (2024 - £25,212) in respect of long leasehold land and buildings.
 

5	Investment properties

	2025 £
At 1 December	733,050
At 30 November	733,050

There has been no valuation of investment property by an independent valuer.

Saltash Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
Additions	218,299	218,299
At 30 November 2025	218,299	218,299
Impairment
Carrying amount
At 30 November 2025	218,299	218,299

7

Debtors

Current	2025 £	2024 £
Trade debtors	3,729,502	3,660,328
Prepayments	166,713	40,082
Other debtors	328,265	364,130
	4,224,480	4,064,540

Saltash Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	1,258,464	1,143,822
Trade creditors		1,189,070	1,240,654
Taxation and social security		383,621	278,508
Accruals and deferred income		15,672	40,285
Other creditors		578,374	617,859
		3,425,201	3,321,128

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	213,447	173,993

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	213,447	173,993

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	104,424	67,345
Other borrowings	1,154,040	1,076,477
	1,258,464	1,143,822