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Registration number: 11160243

SafetyRac Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

SafetyRac Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 6

 

SafetyRac Ltd

Company Information

Director

Mr Abdul Malik

Registered office

102 Ashes Road
Oldbury
B69 4RB

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Leeds
LS25 1NB

 

SafetyRac Ltd

Director's Report for the Year Ended 31 January 2023

The director presents his report and the financial statements for the year ended 31 January 2023.

Director of the company

The director who held office during the year was as follows:

Mr Abdul Malik

Principal activity

The principal activity of the company is Other service activities not elsewhere classified

Approved by the director on 9 June 2023 and signed on its behalf by:

.........................................
Mr Abdul Malik
Director

dl.signhere.2

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
SafetyRac Ltd
for the Year Ended 31 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SafetyRac Ltd for the year ended 31 January 2023 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of SafetyRac Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SafetyRac Ltd and state those matters that we have agreed to state to the Board of Directors of SafetyRac Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SafetyRac Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SafetyRac Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SafetyRac Ltd. You consider that SafetyRac Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of SafetyRac Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

dl.signhere.1

......................................

Clever Accounts Limited
Brookfield Court
Selby Road
Leeds
LS25 1NB

9 June 2023

 

SafetyRac Ltd

(Registration number: 11160243)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

5,957

8,791

Creditors: Amounts falling due within one year

(214)

(333)

Net assets

 

5,743

8,458

Capital and reserves

 

Called up share capital

4

1

1

Retained earnings

5,742

8,457

Shareholders' funds

 

5,743

8,458

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 9 June 2023
 

.........................................

Mr Abdul Malik
Director

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

SafetyRac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
102 Ashes Road
Oldbury
B69 4RB

These financial statements were authorised for issue by the director on 9 June 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

SafetyRac Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1