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 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

SALT EXPRESS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

SALT EXPRESS LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 1,204,789 1,229,268
Total fixed assets: 1,204,789 1,229,268
Current assets
Stocks: 65,499 110,180
Debtors:   590,144 646,435
Cash at bank and in hand: 171,402 46,126
Total current assets: 827,045 802,741
Creditors: amounts falling due within one year:   (736,545) (891,552)
Net current assets (liabilities): 90,500 (88,811)
Total assets less current liabilities: 1,295,289 1,140,457
Creditors: amounts falling due after more than one year:   (432,437) (467,972)
Total net assets (liabilities): 862,852 672,485
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 862,851 672,484
Shareholders funds: 862,852 672,485

The notes form part of these financial statements

SALT EXPRESS LIMITED

Balance sheet statements

For the year ending 31 March 2021 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 23 December 2021
and signed on behalf of the board by:

Name: E 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 2021

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, net of vat and discounts.

Tangible fixed assets and depreciation policy

Depreciation is calculated so to write off the cost of an asset, less its residual value, over its estimated useful economic life as follows: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 2021

2. Employees

2021 2020
Average number of employees during the period 8 8

SALT EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 2,094,332
Additions 142,755
At 31 March 2021 2,237,087
Depreciation
At 01 April 2020 865,064
Charge for year 167,234
At 31 March 2021 1,032,298
Net book value
At 31 March 2021 1,204,789
At 31 March 2020 1,229,268

SALT EXPRESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Related party transactions

Name of the related party: EC Withers
Relationship:
Rent
Description of the Transaction: Rent of land £25,500 (2020 £25,500)
£
Balance at 01 April 2020 61,905
Balance at 31 March 2021 61,905
Name of the related party: Withers Leasing Limited
Relationship:
Hire of equipment
Description of the Transaction: Equipment Hire £24000 (2020 £24000)
£
Balance at 01 April 2020 0
Balance at 31 March 2021 0