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Company Registration No. 12457095 (England and Wales)
Safevision Electronics Ltd Unaudited accounts for the year ended 28 February 2023
Safevision Electronics Ltd Unaudited accounts Contents
Page
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Safevision Electronics Ltd Company Information for the year ended 28 February 2023
Director
Safdar Sharif
Company Number
12457095 (England and Wales)
Registered Office
618 LIVERPOOL ROAD ECCLES MANCHESTER M30 7NA UNITED KINGDOM
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Safevision Electronics Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
716 
958 
Current assets
Inventories
1,548 
2,140 
Cash at bank and in hand
32,427 
32,220 
33,975 
34,360 
Creditors: amounts falling due within one year
(5,338)
(6,238)
Net current assets
28,637 
28,122 
Total assets less current liabilities
29,353 
29,080 
Creditors: amounts falling due after more than one year
(18,215)
(19,676)
Net assets
11,138 
9,404 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
11,038 
9,304 
Shareholders' funds
11,138 
9,404 
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2023 and were signed on its behalf by
Safdar Sharif Director Company Registration No. 12457095
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Safevision Electronics Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Safevision Electronics Ltd is a private company, limited by shares, registered in England and Wales, registration number 12457095. The registered office is 618 LIVERPOOL ROAD, ECCLES, MANCHESTER, M30 7NA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15%
Computer equipment
25%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
580 
620 
1,200 
At 28 February 2023
580 
620 
1,200 
Depreciation
At 1 March 2022
87 
155 
242 
Charge for the year
87 
155 
242 
At 28 February 2023
174 
310 
484 
Net book value
At 28 February 2023
406 
310 
716 
At 28 February 2022
493 
465 
958 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
599 
2,020 
Taxes and social security
464 
408 
Loans from directors
4,275 
3,810 
5,338 
6,238 
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Safevision Electronics Ltd Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,315 
19,676 
Accruals
900 
- 
18,215 
19,676 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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