SANO SAFETY LTD

Company Registration Number:
SC604868 (Scotland)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

SANO SAFETY LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

SANO SAFETY LTD

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 43,900 54,027
Investments:   0 0
Total fixed assets: 43,900 54,027
Current assets
Stocks: 0 0
Debtors: 4 1,051 5,787
Cash at bank and in hand: 5,111 4,962
Investments:   0 0
Total current assets: 6,162 10,749
Creditors: amounts falling due within one year: 5 (22,244) (41,590)
Net current assets (liabilities): (16,082) (30,841)
Total assets less current liabilities: 27,818 23,186
Creditors: amounts falling due after more than one year: 6 (37,899) (40,031)
Provision for liabilities: (1,756) 0
Total net assets (liabilities): (11,837) (16,845)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (11,937) (16,945)
Shareholders funds: (11,837) (16,845)

The notes form part of these financial statements

SANO SAFETY LTD

Balance sheet statements

For the year ending 31 July 2023 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 26 September 2023
and signed on behalf of the board by:

Name: Michael Moir
Status: Director

The notes form part of these financial statements

SANO SAFETY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Franchise are being amortised evenly over their estimated useful life of five years.

Other accounting policies

TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 taxDeferred 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.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.Going concernAt the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

SANO SAFETY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

SANO SAFETY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 75,424
Additions 10,148
Disposals (11,700)
Revaluations 0
Transfers 0
At 31 July 2023 73,872
Depreciation
At 01 August 2022 21,397
Charge for year 12,313
On disposals (3,738)
Other adjustments 0
At 31 July 2023 29,972
Net book value
At 31 July 2023 43,900
At 31 July 2022 54,027

SANO SAFETY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

SANO SAFETY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts £4,000 (2022 - £26,516)Taxation and Social Security £2,628 (2022 - £nil)Other creditors £15,616 (2022 - £15,074)

SANO SAFETY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due after more than one year note

Bank loans £37,899 (2022 - £40,031)