Salram Limited - Accounts to registrar (filleted) - small 18.2
Salram Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 30 March 2021 |
| for |
| Salram Limited |
| Salram Limited (Registered number: SC121294) |
| Contents of the Financial Statements |
| for the Year Ended 30 March 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Salram Limited |
| Company Information |
| for the Year Ended 30 March 2021 |
| DIRECTORS: |
| SECRETARIES: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Accountants |
| and Statutory Auditors |
| Ebenezer House |
| Ryecroft |
| Newcastle under Lyme |
| Staffordshire |
| ST5 2BE |
| Salram Limited (Registered number: SC121294) |
| Balance Sheet |
| 30 March 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Non distributable profit and loss | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Salram Limited (Registered number: SC121294) |
| Notes to the Financial Statements |
| for the Year Ended 30 March 2021 |
| 1. | STATUTORY INFORMATION |
| Salram Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Salram Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Spencross Limited, 46 Fountain Street, Manchester, M2 2BE. |
| Significant judgements and estimates |
| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the year end date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates. The main judgements and estimates made by the directors relate to the relevance of depreciation policies in relation to tangible and intangible fixed assets. |
| Turnover |
| Turnover is derived from ordinary activities, represents the total sales value of prescriptions dispensed and other goods sold in the year and is stated net of trade discounts and Value Added Tax. Revenue is recognised to the extent that it is probable that the economic benefit will flow to the company and is measured at the fair value of the consideration received or receivable. Revenue from the National Health Service is recognised at the point the prescription is dispensed. Revenue from invoiced sales is recognised when the work is done or the goods dispatched. |
| Intangible fixed assets - goodwill |
| On the acquisition of a business purchased goodwill is capitalised in the year in which it arises and amortised over its estimated useful life up to a maximum of 20 years. |
| The assets residual values, useful lives and amortisation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date. |
| Investments |
| Investments, including investments in subsidiaries, are measured at cost less provision for any impairment value. |
| Tangible fixed assets |
| Freehold property | - |
| Furniture & fixtures | - |
| Motor vehicles | - |
| Office & computer equipment | - |
| Salram Limited (Registered number: SC121294) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 March 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Government grants |
| Government grants are recognised where there is reasonable assurance that the grant will be received and the company will comply with all attached conditions. |
| Government grants in respect of capital expenditure are credited to deferred income and are released to the profit and loss account by equal annual instalments over the expected useful life of the assets. |
| Revenue based government grants are recognised in the profit and loss account in the period to which they relate. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Going concern |
| The directors have reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
| Employee benefits |
| The cost of short term employee benefits are recognised as a liability and an expense. |
| The cost of any unused holiday entitlement and of holidays taken in advance is recognised in the period in which the employees services are received. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Salram Limited (Registered number: SC121294) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 March 2021 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 31 March 2020 |
| and 30 March 2021 |
| AMORTISATION |
| At 31 March 2020 |
| Amortisation for year |
| At 30 March 2021 |
| NET BOOK VALUE |
| At 30 March 2021 |
| At 30 March 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Office & |
| Freehold | Furniture | Motor | computer |
| property | & fixtures | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 31 March 2020 |
| and 30 March 2021 |
| DEPRECIATION |
| At 31 March 2020 |
| Charge for year |
| At 30 March 2021 |
| NET BOOK VALUE |
| At 30 March 2021 |
| At 30 March 2020 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in | Interest |
| group | in joint |
| undertakings | venture | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 31 March 2020 |
| and 30 March 2021 | 292,000 |
| NET BOOK VALUE |
| At 30 March 2021 | 292,000 |
| At 30 March 2020 | 292,000 |
| Salram Limited (Registered number: SC121294) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 March 2021 |
| 6. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 30 March 2021 is represented by: |
| Shares in | Interest |
| group | in joint |
| undertakings | venture | Totals |
| £ | £ | £ |
| Valuation in 2020 | - | 45,063 | 45,063 |
| Cost | 246,000 | 937 | 246,937 |
| 246,000 | 46,000 | 292,000 |
| The list of subsidiaries is as follows; |
| Name | Registered office | Nature of Business | Interest |
| Properties on the Fylde Limited | 46 Fountain Street, Manchester, M2 2BE |
Property investment | 100% ordinary shares |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | RESERVES |
| Non |
| distributable |
| profit |
| and loss |
| £ |
| At 31 March 2020 |
| and 30 March 2021 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |