Above The Salt Limited

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		21,061		8,491

			21,061		8,491
CURRENT ASSETS
Debtors		47,229		24,369
Cash at bank and in hand		50,416		70,584

		97,645		94,953
Creditors: Amounts Falling Due Within One Year		(50,323 )		(41,280 )

NET CURRENT ASSETS (LIABILITIES)			47,322		53,673

TOTAL ASSETS LESS CURRENT LIABILITIES			68,383		62,164

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,212 )		(1,698 )

NET ASSETS			64,171		60,466

CAPITAL AND RESERVES
Called up share capital	3		2		2
Profit and Loss Account			64,169		60,464

SHAREHOLDERS' FUNDS			64,171		60,466

Company No. 04579697

Abbreviated Balance Sheet (continued) 30 November 2016

For the year ending 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Colin Fuller

23 August 2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	15% Reducing balance
Computer Equipment	25% Reducing balance

1.4. Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2. Tangible Assets


	Total
Cost	£
As at 1 December 2015	30,034
Additions	19,503

As at 30 November 2016	49,537

Depreciation
As at 1 December 2015	21,543
Provided during the period	6,933

As at 30 November 2016	28,476

Net Book Value
As at 30 November 2016	21,061

As at 1 December 2015	8,491

3. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2