SALVAGE ENERGY AND METALS LIMITED

SALVAGE ENERGY AND METALS LIMITED
Statement of Financial Position
As at 30 November 2025

	2025		2024
	£	£	£	£ (as restated)
Called up share capital not paid		100		100
Current assets	63,478		14,466
Creditors: amount falling due within one year	(68,143)		(27,255)
Net current assets		(4,665)		(12,789)
Total assets less current liabilities		(4,565)		(12,689)
Accruals and deferred income		(693)		(249)
Net assets		(5,258)		(12,938)


Capital and reserves		(5,258)		(12,938)

NOTES TO THE ACCOUNTS

General Information

SALVAGE ENERGY AND METALS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14465944, registration address 71-75 SHELTON STREET, COVENT GARDEN LONDON, WC2H 9JQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

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

2.	Average number of employees Average number of employees during the period was 1 (2024 : 0).

Prior period adjustment

The balance sheet at 30 November 2024 as previously filed presented current assets of (£12,500), omitted cash of £14,348 held with the company's LME broker, StoneX Financial Ltd, and presented accruals of £249 as an asset rather than a liability. The comparative balance sheet has been restated to correct these errors. The effect is to reduce net liabilities at 30 November 2024 from £39,406 to £12,938, an adjustment of £26,468 to the profit and loss reserve brought forward.

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

Director's 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.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.

The financial statements were approved by the director on 05 November 2026 and were signed by:

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Tarun Thakral
Director