Abbreviated Company Accounts - THE SALT SELLER LTD

THE SALT SELLER LTD - Company Information

06312340 THE SALT SELLER LTD 2013-10-31 false 2012-11-01 2013-10-31 true 06312340 2012-11-01 2013-10-31 06312340 2013-10-31 06312340 2012-10-31 06312340 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 06312340 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 06312340

THE SALT SELLER LTD

Abbreviated Accounts

31 October 2013

THE SALT SELLER LTD Registered Number 06312340

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	15,000	15,000
Tangible assets	3	904	1,130
		15,904	16,130
Current assets
Stocks		45,715	81,220
Debtors		26,654	32,861
Cash at bank and in hand		13	120
		72,382	114,201
Creditors: amounts falling due within one year		(43,463)	(97,941)
Net current assets (liabilities)		28,919	16,260
Total assets less current liabilities		44,823	32,390
Creditors: amounts falling due after more than one year		(62,509)	(64,894)
Total net assets (liabilities)		(17,686)	(32,504)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(17,687)	(32,505)
Shareholders' funds		(17,686)	(32,504)

For the year ending 31 October 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 August 2014

And signed on their behalf by:
Lenni Smith, Director

THE SALT SELLER LTD Registered Number 06312340

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment – 25% straight line

2Intangible fixed assets

	£
Cost
At 1 November 2012	15,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	15,000
Amortisation
At 1 November 2012	-
Charge for the year	-
On disposals	-
At 31 October 2013	-
Net book values
At 31 October 2013	15,000
At 31 October 2012	15,000

3Tangible fixed assets

	£
Cost
At 1 November 2012	1,883
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	1,883
Depreciation
At 1 November 2012	753
Charge for the year	226
On disposals	-
At 31 October 2013	979
Net book values
At 31 October 2013	904
At 31 October 2012	1,130

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1 Ordinary shares of £1 each	1	1