Safe & Sound Securities Limited


FINANCIAL STATEMENTS


for the year ended 31st March 2023



Safe & Sound Securities Limited

CONTENTS

for the year ended 31st March 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Safe & Sound Securities Limited

Company No. 04719484

STATEMENT OF FINANCIAL POSITION

as at 31st March 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment444965677
44965677
CURRENT ASSETS
Debtors55506536474
Cash at bank and in hand5974355972
11480892446
CURRENT LIABILITIES
Creditors: amounts falling due
within one year6182218386
NET CURRENT ASSETS9658784060
TOTAL ASSETS LESS CURRENT LIABILITIES10108389737
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS10108389737
 
CAPITAL AND RESERVES
Called up share capital10001000
Retained earnings10008388737
SHAREHOLDERS FUNDS10108389737

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st March 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 2 November 2023


M J Prior

Director

Company Number 04719484 (England)

Safe & Sound Securities Limited

NOTES TO THE ACCOUNTS

for the year ended 31st March 2023


1   Statutory information

Safe & Sound Securities Limited is a private company limited by shares and registered under company number 04719484 in England. Its registered office address is Glencoyne, Dartford Road, Horton Kirby, Dartford, Kent, DA4 9JE.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles15-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 1 (2022 - 1).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st April 2022 and
At 31st March 2023651423200114769489
 
Depreciation
At 1st April 2022 6214368798263812
Charge for year750377541181
At 31st March 2023628931064103664993
 
Net Book Value
At 31st March 2023224921361114496
At 31st March 2022299925131655677

5   Debtors20232022
££
 
Trade Debtors73862220
Other debtors4767934254
5506536474

6   Creditors: amounts falling due within one year20232022
££
 
Corporation tax64564725
Taxes and social security costs78511132
Other creditors39142529
182218386

2023-03-31false2022-04-012023-03-3104719484uk-bus:Director12022-04-012023-03-3104719484uk-gaap:ShareCapital2023-03-3104719484uk-gaap:ShareCapital2022-03-3104719484uk-gaap:RetainedEarningsAccumulatedLosses2023-03-3104719484uk-gaap:RetainedEarningsAccumulatedLosses2022-03-3104719484uk-gaap:VehiclesPlantMachinery2022-04-012023-03-3104719484uk-gaap:MotorVehicles2022-03-3104719484uk-gaap:PlantMachinery2022-03-3104719484uk-gaap:FurnitureFittingsToolsEquipment2022-03-3104719484uk-gaap:MotorVehicles2022-04-012023-03-3104719484uk-gaap:PlantMachinery2022-04-012023-03-3104719484uk-gaap:FurnitureFittingsToolsEquipment2022-04-012023-03-3104719484uk-gaap:MotorVehicles2023-03-3104719484uk-gaap:PlantMachinery2023-03-3104719484uk-gaap:FurnitureFittingsToolsEquipment2023-03-3104719484uk-gaap:WithinOneYear2023-03-3104719484uk-gaap:WithinOneYear2022-03-31047194842022-04-012023-03-31047194842021-04-012022-03-31047194842023-03-31047194842022-03-3104719484uk-bus:SmallEntities2022-04-012023-03-3104719484uk-bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3104719484uk-bus:FullAccounts2022-04-012023-03-3104719484uk-bus:PrivateLimitedCompanyLtd2022-04-012023-03-3104719484countries:EnglandWales2022-04-012023-03-31iso4217:GBPxbrli:purexbrli:shares