Accounts Submission

Accounts Submission

SALT CELLAR LIMITED - Company Information

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SALT CELLAR LIMITED

Company Registration Number:
02563904 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2020

Period of accounts

Start date: 01 September 2019

End date: 31 August 2020

Page 1

SALT CELLAR LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2020

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Page 2

SALT CELLAR LIMITED

Company Information

for the Period Ended 31 August 2020




Director: Geoffrey Lamb
Alan Shackleton
Secretary: Neil Tomlinson
Registered office: 11a
Church Lane
Oldham
OL1 3AN
Company Registration Number: 02563904 (England and Wales)

Page 3

SALT CELLAR LIMITED

Directors' Report Period Ended 31 August 2020

The directors present their report with the financial statements of the company for the period ended 31 August 2020

Directors

The directors shown below have held office during the whole of the period from 01 September 2019 to 31 August 2020
Geoffrey Lamb
Alan Shackleton

Secretary
Neil Tomlinson

This report was approved by the board of directors on 31 August 2021
And Signed On Behalf Of The Board By:

Name: Geoffrey Lamb
Status: Director

Page 4

SALT CELLAR LIMITED

Profit and Loss Account

for the Period Ended 31 August 2020


Notes
2020
£
2019
£
Turnover 80,258 136,642
Cost of sales ( 25,688 ) ( 41,768 )
Gross Profit or (Loss) 91,919 94,874
Income from coronavirus (COVID-19) business support grants 37,349 0
Distribution Costs ( 109,455 ) ( 118,920 )
Administrative Expenses ( 9,200 ) ( 10,484 )
Other operating income 26,491 33,832
Operating Profit or (Loss) ( 245 ) ( 698 )
Interest Receivable and Similar Income 245 277
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 0 ( 421 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period 0 ( 421 )

The notes form part of these financial statements

Page 5

SALT CELLAR LIMITED

Balance sheet

As at 31 August 2020


Notes
2020
£
2019
£
Fixed assets
Tangible assets: 4 68,405 69,656
Total fixed assets: 68,405 69,656
Current assets
Stocks: 2,494 3,115
Debtors: 5 19,453 8,993
Cash at bank and in hand: 62,872 69,058
Total current assets: 84,819 81,166
Creditors: amounts falling due within one year: 6 ( 23,195 ) ( 20,793 )
Net current assets (liabilities): 61,624 60,373
Total assets less current liabilities: 130,029 130,029
Total net assets (liabilities): 130,029 130,029

The notes form part of these financial statements

Page 6

SALT CELLAR LIMITED

Balance sheet continued

As at 31 August 2020


Notes
2020
£
2019
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 130,027 130,027
Shareholders funds: 130,029 130,029

For the year ending 31 August 2020 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 August 2021
And Signed On Behalf Of The Board By:

Name: Geoffrey Lamb
Status: Director

The notes form part of these financial statements

Page 7

SALT CELLAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the useful economic life of that asset. Fixtures and fittings and Equipment are calculated on a 15% straight line basis. Building improvements have been calculated on a 10% straight line basis until 31st August 2006. The Directors consider that the building improvements were depreciated to below the current market value by the 31st August 2008; consequently no depreciation has been charged for the subsequent years. This is subject to annual review.

    Other accounting policies

    Cash Flow Statements - The company has taken advantage of the exemption in Financial Reporting Standard No1 (revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.

Page 8

SALT CELLAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

  • 2. Employees


    2020
    2019
    Average number of employees during the period 5 5

Page 9

SALT CELLAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

  • 3. Off balance sheet disclosure

    No

Page 10

SALT CELLAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

4. Tangible assets

Land & buildings Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 September 2019 242,650 55,413 58,013 356,076
Additions 0 306 526 832
Disposals ( 0 ) ( 0 ) ( 0 ) ( 0 )
Revaluations 0 0 0 0
Transfers 0 0 0 0
At 31 August 2020 242,650 55,719 58,539 356,908
Depreciation
At 01 September 2019 180,483 53,725 52,212 286,420
Charge for year 0 480 1,603 2,083
On disposals ( 0 ) ( 0 ) ( 0 ) ( 0 )
Other adjustments 0 0 0 0
At 31 August 2020 180,483 54,205 53,815 288,503
Net book value
At 31 August 2020 62,167 1,514 4,724 68,405
At 31 August 2019 62,167 1,688 5,801 69,656

The premises at 11a Church Lane, Oldham are owned by the Methodist Church and the Managing Trustees are the Oldham and Saddleworth Methodist Circuit. The 'Land and Buildings' columns states only the value of improvements made to the property by SC Ltd, and not the total value of the land and buildings.

Page 11

SALT CELLAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

5. Debtors


2020
£
2019
£
Trade debtors 19,453 8,993
Total 19,453 8,993

Page 12

SALT CELLAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

6.Creditors: amounts falling due within one year note


2020
£
2019
£
Trade creditors 8,500 14,552
Taxation and social security 373 444
Accruals and deferred income 584 542
Other creditors 13,738 5,255
Total 23,195 20,793

Page 13