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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
Page
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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
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SAFETY SOLUTIONS MIDLANDS LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,885 
36,110 
Current assets
Inventories
27,685 
26,599 
Debtors
75,139 
51,498 
Cash at bank and in hand
110,252 
152,438 
213,076 
230,535 
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)
Net assets
93,930 
92,735 
Capital and reserves
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
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SAFETY SOLUTIONS MIDLANDS LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
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 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
Stocks have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
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
Turnover represents net invoiced sale of goods and services, excluding value added tax.
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SAFETY SOLUTIONS MIDLANDS LTD Notes to the Accounts for the year ended 31 August 2023
Pension costs
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.
4
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 
Additions
8,500 
- 
- 
8,500 
At 31 August 2023
83,023 
64,722 
2,580 
150,325 
Depreciation
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 
Net book value
At 31 August 2023
24,907 
978 
- 
25,885 
At 31 August 2022
22,155 
13,955 
- 
36,110 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
68,125 
49,308 
Accrued income and prepayments
7,014 
2,190 
75,139 
51,498 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
13,419 
13,505 
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 
Accruals
604 
2,452 
121,060 
138,641 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,500 
27,500 
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SAFETY SOLUTIONS MIDLANDS LTD Notes to the Accounts for the year ended 31 August 2023
8
Share capital
2023 
2022 
£ 
£ 
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 
200 
200 
9
Loans to directors
The joint directors' current account of Mr S.L. and Mrs M.J. Honour had a credit balance of £23,016 (2021: £20,016)
10
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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