SALT EXPRESS LIMITED

SALT EXPRESS LIMITED

SALT EXPRESS LIMITED - Company Information

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SALT EXPRESS LIMITED

Company Registration Number:
04752453 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

SALT EXPRESS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

SALT EXPRESS LIMITED

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 1,413,555 1,204,789
Total fixed assets: 1,413,555 1,204,789
Current assets
Stocks: 178,339 65,499
Debtors:   710,136 590,144
Cash at bank and in hand: 108,750 171,402
Total current assets: 997,225 827,045
Creditors: amounts falling due within one year: 4 (787,226) (736,545)
Net current assets (liabilities): 209,999 90,500
Total assets less current liabilities: 1,623,554 1,295,289
Creditors: amounts falling due after more than one year: 5 (598,524) (432,437)
Total net assets (liabilities): 1,025,030 862,852
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,025,029 862,851
Shareholders funds: 1,025,030 862,852

The notes form part of these financial statements

SALT EXPRESS LIMITED

Balance sheet statements

For the year ending 31 March 2022 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 December 2022
and signed on behalf of the board by:

Name: E C Withers
Status: Director

The notes form part of these financial statements

SALT EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is measured at the fair value of the consideration received for goods supplied and services rendered, net of discounts and vat.

Tangible fixed assets and depreciation policy

Tangible assets are measured at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Depreciation is calculated as to write off the cost of an asset, over its economic life of that assets at the following rates:Freehold property 2% straight linePlant and machinery 15% reducing balanceFixtures and equipment 25% reducing balanceMotor vehicles 25% reducing balance

SALT EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 7 7

SALT EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 2,237,087
Additions 386,059
At 31 March 2022 2,623,146
Depreciation
At 01 April 2021 1,032,298
Charge for year 177,293
At 31 March 2022 1,209,591
Net book value
At 31 March 2022 1,413,555
At 31 March 2021 1,204,789

SALT EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Creditors: amounts falling due within one year note

2022 2021Bank loans & overdraft 297409 155044Trade creditors 187864 211529Corporation tax 63286 57739Social security & other tax 76036 89496Other creditors 162631 222737 787226 736545

SALT EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Creditors: amounts falling due after more than one year note

2022 2021Bank loans & overdrafts 318980 350648Other creditors 279544 81789 598524 432437

SALT EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Related party transactions

Name of the related party: E C Withers
Relationship:
Rent
Description of the Transaction: 2022 2021Rent 25500 25500
£
Balance at 01 April 2021 13,000
Balance at 31 March 2022 25,500
Name of the related party: Withers Leasing Ltd
Relationship:
Lease payments
Description of the Transaction: 2022 2021Lease payments 24000 24000
£
Balance at 01 April 2021 71,805
Balance at 31 March 2022 74,543