Salwata Ltd


1 April 2016falseTaxfiler2017.31.Web07246065business:PrivateLimitedCompanyLtd2016-04-012017-03-31072460652016-03-31072460652016-04-012017-03-3107246065business:AuditExemptWithAccountantsReport2016-04-012017-03-3107246065business:FullAccounts2016-04-012017-03-31072460652017-03-3107246065business:Director12016-04-012017-03-3107246065business:Director22016-04-012017-03-3107246065business:RegisteredOffice2016-04-012017-03-31072460652016-03-3107246065core:WithinOneYear2017-03-3107246065core:WithinOneYear2016-03-3107246065core:ShareCapital2017-03-3107246065core:ShareCapital2016-03-3107246065core:RetainedEarningsAccumulatedLosses2017-03-3107246065core:RetainedEarningsAccumulatedLosses2016-03-3107246065business:SmallEntities2016-04-012017-03-3107246065countries:EnglandWales2016-04-012017-03-3107246065core:ComputerEquipment2016-03-3107246065core:ComputerEquipment2016-04-012017-03-3107246065core:ComputerEquipment2017-03-3107246065business:OrdinaryShareClass12016-04-012017-03-3107246065business:OrdinaryShareClass12015-04-012016-03-31072460652015-04-012016-03-31iso4217:GBPxbrli:sharesxbrli:pure
Company Registration No. 07246065 (England and Wales)
Salwata LtdUnaudited accounts for the year ended 31 March 2017
Salwata LtdUnaudited accounts Contents
Page
- 2 -
Salwata Ltd Company Information for the year ended 31 March 2017
Directors
J M 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
- 3 -
Salwata Ltd Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,252 
684 
Current assets
Debtors
6,979 
2,582 
Cash at bank and in hand
106,621 
72,810 
113,600 
75,392 
Creditors: amounts falling due within one year
(42,381)
(29,946)
Net current assets
71,219 
45,446 
Total assets less current liabilities
72,471 
46,130 
Provisions for liabilities
Deferred tax
(250)
- 
Net assets
72,221 
46,130 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
72,121 
46,030 
Shareholders' funds
72,221 
46,130 
For the year ending 31 March 2017 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.
Approved by the Board on 9 August 2017.
J M Sullivan Director Company Registration No. 07246065
- 4 -
Salwata Ltd Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
Salwata Ltd is a private company, limited by shares, registered in England and Wales, registration number 07246065. The registered office and principal place of business 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
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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, of goods provided to customers and 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.
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.
- 5 -
Salwata Ltd Notes to the Accounts for the year ended 31 March 2017
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2016
4,340 
Additions
806 
At 31 March 2017
5,146 
Depreciation
At 1 April 2016
3,656 
Charge for the year
238 
At 31 March 2017
3,894 
Net book value
At 31 March 2017
1,252 
At 31 March 2016
684 
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
6,979 
2,582 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Taxes and social security
10,600 
9,996 
Loans from directors
31,681 
19,950 
Accruals
100 
- 
42,381 
29,946 
7
Share capital
2017 
2016 
£ 
£ 
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 2017 the Directors had made loans to the company totalling £31682 (2016: £19950). The Directors received dividends amounting to £10000 during the year (2016: £18000). No other transactions required reporting during the year.
9
Average number of employees
During the year the average number of employees was 2 (2016: 2).
- 6 -