Abbreviated Company Accounts - THE SALT SELLER LTD
Abbreviated Company Accounts - THE SALT SELLER LTD
Registered Number 06312340
THE SALT SELLER LTD
Abbreviated Accounts
31 October 2015
THE SALT SELLER LTD Registered Number 06312340
Abbreviated Balance Sheet as at 31 October 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 October 2015 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
And signed on their behalf by:
THE SALT SELLER LTD Registered Number 06312340
Notes to the Abbreviated Accounts for the period ended 31 October 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures & Fittings 25% straight line
Other accounting policies
We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. This support is required as the company has net liabilities of £25,388. We believe no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the financial statements.
Stocks
Stocks are stated at the lower of cost and net realisable value. In determining the cost of raw materials, consumables and goods purchased for resale, the weighted average purchase price is used. For work in progress and finished goods cost is taken as production cost, which includes an appropriate proportion of attributable overheads.
Taxation
The charge for taxation is based on the loss for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.
£ | |
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Cost | |
At 1 November 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2015 |
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Amortisation | |
At 1 November 2014 |
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Charge for the year |
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On disposals |
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At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 15,000 |
At 31 October 2014 | 15,000 |
£ | |
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Cost | |
At 1 November 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2015 |
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Depreciation | |
At 1 November 2014 |
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Charge for the year |
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On disposals |
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At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 542 |
At 31 October 2014 | 723 |
5Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 November 2014: | ||
Advances or credits made: | £ |
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Advances or credits repaid: | ||
Balance at 31 October 2015: | £ |