Company Registration No. 05548129 (England and Wales)
SAFETY SOLUTIONS MIDLANDS LTD
Unaudited accounts
for the year ended 31 August 2023
SAFETY SOLUTIONS MIDLANDS LTD
Unaudited accounts
Contents
SAFETY SOLUTIONS MIDLANDS LTD
Company Information
for the year ended 31 August 2023
Directors
Mr S L Honour
Mrs M J Honour
Company Number
05548129 (England and Wales)
Registered Office
63 RIXON ROAD
FINEDON ROAD INDUSTRIAL ESTATE
WELLINGBOROUGH
NORTHAMPTONSHIRE
NN8 4BA
Accountants
CJ Gemini Limited
Unit 4 Regent Park
Booth Drive
WELLINGBOROUGH
Northamptonshire
NN8 6GR
SAFETY SOLUTIONS MIDLANDS LTD
Statement of financial position
as at 31 August 2023
Tangible assets
25,885
36,110
Cash at bank and in hand
110,252
152,438
Creditors: amounts falling due within one year
(121,060)
(138,641)
Net current assets
92,016
91,894
Total assets less current liabilities
117,901
128,004
Creditors: amounts falling due after more than one year
(17,500)
(27,500)
Provisions for liabilities
Deferred tax
(6,471)
(7,769)
Called up share capital
200
200
Profit and loss account
93,730
92,535
Shareholders' funds
93,930
92,735
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Mr S L Honour
Director
Company Registration No. 05548129
SAFETY SOLUTIONS MIDLANDS LTD
Notes to the Accounts
for the year ended 31 August 2023
SAFETY SOLUTIONS MIDLANDS LTD is a private company, limited by shares, registered in England and Wales, registration number 05548129. The registered office is 63 RIXON ROAD, FINEDON ROAD INDUSTRIAL ESTATE, WELLINGBOROUGH, NORTHAMPTONSHIRE, NN8 4BA.
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 or, if held under a finance lease, over the lease term, whichever is sooner
Plant & machinery
15% on Cost
Motor vehicles
25% on Cost
Fixtures & fittings
15% on Cost
Computer equipment
50% on Cost
Stocks have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current Tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Turnover represents net invoiced sale of goods and services, excluding value added tax.
SAFETY SOLUTIONS MIDLANDS LTD
Notes to the Accounts
for the year ended 31 August 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
74,523
64,722
2,580
141,825
At 31 August 2023
83,023
64,722
2,580
150,325
At 1 September 2022
52,368
50,767
2,580
105,715
Charge for the year
5,748
12,977
-
18,725
At 31 August 2023
58,116
63,744
2,580
124,440
At 31 August 2023
24,907
978
-
25,885
At 31 August 2022
22,155
13,955
-
36,110
Amounts falling due within one year
Trade debtors
68,125
49,308
Accrued income and prepayments
7,014
2,190
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
43,620
55,476
Taxes and social security
18,979
18,637
Other creditors
12,297
15,555
Loans from directors
22,141
23,016
7
Creditors: amounts falling due after more than one year
2023
2022
SAFETY SOLUTIONS MIDLANDS LTD
Notes to the Accounts
for the year ended 31 August 2023
Allotted, called up and fully paid:
80 Ordinary A shares of £1 each
80
80
80 Ordinary B shares of £1 each
80
80
40 Ordinary C shares of £1 each
40
40
The joint directors' current account of Mr S.L. and Mrs M.J. Honour had a credit balance of £23,016 (2021: £20,016)
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Average number of employees
During the year the average number of employees was 7 (2022: 7).