Salwata Ltd


1 April 2019falseTaxfiler2020.1007246065business:PrivateLimitedCompanyLtd2019-04-012020-03-31072460652019-03-31072460652019-04-012020-03-3107246065business:AuditExemptWithAccountantsReport2019-04-012020-03-3107246065business:FullAccounts2019-04-012020-03-31072460652020-03-3107246065business:Director12019-04-012020-03-3107246065business:Director22019-04-012020-03-3107246065business:RegisteredOffice2019-04-012020-03-31072460652019-03-3107246065core:WithinOneYear2020-03-3107246065core:WithinOneYear2019-03-3107246065core:ShareCapital2020-03-3107246065core:ShareCapital2019-03-3107246065core:RetainedEarningsAccumulatedLosses2020-03-3107246065core:RetainedEarningsAccumulatedLosses2019-03-3107246065business:SmallEntities2019-04-012020-03-3107246065countries:EnglandWales2019-04-012020-03-3107246065core:ComputerEquipment2019-03-3107246065core:ComputerEquipment2020-03-3107246065core:ComputerEquipment2019-04-012020-03-3107246065business:OrdinaryShareClass12019-04-012020-03-3107246065business:OrdinaryShareClass12018-04-012019-03-31072460652018-04-012019-03-31iso4217:GBPxbrli:sharesxbrli:pure
Company Registration No. 07246065 (England and Wales)
Salwata LtdUnaudited accounts for the year ended 31 March 2020
Salwata LtdUnaudited accounts Contents
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Salwata Ltd Company Information for the year ended 31 March 2020
Directors
J S SullivanS M Sullivam
Company Number
07246065 (England and Wales)
Registered Office
1 The AvenueWest WickhamKentBR4 0DX
Accountants
Worthweld PT Limited 5 Field End Maresfield Uckfield East Sussex TN22 2DJ
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Salwata Ltd Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
337 
642 
Current assets
Debtors
14,445 
1,417 
Cash at bank and in hand
124,577 
111,690 
139,022 
113,107 
Creditors: amounts falling due within one year
(14,797)
(11,115)
Net current assets
124,225 
101,992 
Total assets less current liabilities
124,562 
102,634 
Provisions for liabilities
Deferred tax
(64)
(122)
Net assets
124,498 
102,512 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
124,398 
102,412 
Shareholders' funds
124,498 
102,512 
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2020 and were signed on its behalf by
J S Sullivan Director Company Registration No. 07246065
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Salwata Ltd Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
Salwata Ltd is a private company, limited by shares, registered in England and Wales, registration number 07246065. The registered office is 1 The Avenue, West Wickham, Kent, BR4 0DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, for work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Equipment: 20% per annum on the straight line basis
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Financial statements are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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Salwata Ltd Notes to the Accounts for the year ended 31 March 2020
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2019
5,146 
At 31 March 2020
5,146 
Depreciation
At 1 April 2019
4,504 
Charge for the year
305 
At 31 March 2020
4,809 
Net book value
At 31 March 2020
337 
At 31 March 2019
642 
5
Debtors
2020 
2019 
£ 
£ 
Trade debtors
- 
1,417 
Other debtors
14,445 
- 
14,445 
1,417 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
14,277 
10,759 
Loans from directors
220 
56 
Accruals
300 
300 
14,797 
11,115 
7
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
100Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
The company is controlled by the Directors. At the 31 March 2020 the Directors had made loans to the company totalling £220 (2019: £56). The Directors received dividends amounting to £36250 during the year (2019: £38500). No other transactions required reporting during the year.
9
Average number of employees
During the year the average number of employees was 2 (2019: 2).
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