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
Safevision Electronics Ltd
Company Information
for the year ended 28 February 2023
Company Number
12457095 (England and Wales)
Registered Office
618 LIVERPOOL ROAD
ECCLES
MANCHESTER
M30 7NA
UNITED KINGDOM
Safevision Electronics Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
32,427
32,220
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)
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
Safevision Electronics Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 1 March 2022
87
155
242
Charge for the year
87
155
242
At 28 February 2023
174
310
484
At 28 February 2023
406
310
716
At 28 February 2022
493
465
958
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
464
408
Loans from directors
4,275
3,810
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
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).