Abbreviated Company Accounts - SALT EXPRESS LIMITED

SALT EXPRESS LIMITED - Company Information

Registered Number 04752453

SALT EXPRESS LIMITED

Abbreviated Accounts

31 March 2015

SALT EXPRESS LIMITED Registered Number 04752453

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	686,765	320,875
		686,765	320,875
Current assets
Stocks		49,375	41,200
Debtors		480,187	444,477
Cash at bank and in hand		20,004	5,851
		549,566	491,528
Creditors: amounts falling due within one year		(532,321)	(453,715)
Net current assets (liabilities)		17,245	37,813
Total assets less current liabilities		704,010	358,688
Creditors: amounts falling due after more than one year		(263,095)	-
Total net assets (liabilities)		440,915	358,688
Capital and reserves
Called up share capital		1	1
Profit and loss account		440,914	358,687
Shareholders' funds		440,915	358,688

For the year ending 31 March 2015 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 December 2015

And signed on their behalf by:
E Withers, Director

SALT EXPRESS LIMITED Registered Number 04752453

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total sales, net of vat, made during the year which derive from the company's ordinary activity.

Tangible assets depreciation policy
Depreciation is provided at the following rates to write off the cost of the assets over their estimated useful lives as follows:

Land and Buildings Nil
Plant & Machinery 15% reducing balance
Fixtures & Fittings 25% reducing balance
Motor Vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	486,985
Additions	440,443
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	927,428
Depreciation
At 1 April 2014	166,110
Charge for the year	74,553
On disposals	-
At 31 March 2015	240,663
Net book values
At 31 March 2015	686,765
At 31 March 2014	320,875