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REGISTERED NUMBER: 10257440 (England and Wales)















SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED (REGISTERED NUMBER: 10257440)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs E J Eaton
D A Jones
C Bartlett
Mrs R L Crosland
G I Jones
A J Minett
A G Seddon
M C Wood
M L Wraith
H M Button
P A A Hallgate
K Horner
D A S Houldsworth





REGISTERED OFFICE: c/o CQMS Limited
The Annexe, The Maltings
Wharf Road
Grantham
Lincolnshire
NG31 6BH





REGISTERED NUMBER: 10257440 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Holdings Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED (REGISTERED NUMBER: 10257440)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 520 -

CURRENT ASSETS
Debtors 5 6,550 22,083
Cash at bank 217,655 185,686
224,205 207,769
CREDITORS
Amounts falling due within one year 6 224,725 207,769
NET CURRENT LIABILITIES (520 ) -
TOTAL ASSETS LESS CURRENT LIABILITIES - -


RESERVES - -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:





Mrs E J Eaton - Director


SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED (REGISTERED NUMBER: 10257440)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Safety Schemes In Procurement (SSIP) Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Tangible fixed assets are held at cost less accumulated depreciation.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Safety Schemes In Procurement (SSIP) Limited is a mutual trading entity and does not trade with non-members. It's income is exempt from tax and therefore no provision is entered into these accounts.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED (REGISTERED NUMBER: 10257440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 63,856
Additions 649
At 30 June 2023 64,505
DEPRECIATION
At 1 July 2022 63,856
Charge for year 129
At 30 June 2023 63,985
NET BOOK VALUE
At 30 June 2023 520

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,445 18,289
Prepayments and accrued income 105 3,794
6,550 22,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,411 1,464
Other taxes and social security 3,259 -
Other creditors 214,680 196,630
Accruals and deferred income 3,375 9,675
224,725 207,769