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Company Registration No. 07117810 (England and Wales)
Safapond Direct Ltd Unaudited accounts for the year ended 31 March 2023
Safapond Direct Ltd Unaudited accounts Contents
Page
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Safapond Direct Ltd Company Information for the year ended 31 March 2023
Directors
Jonathan Mark Gilbert James Matthew Gilbert
Company Number
07117810 (England and Wales)
Registered Office
Kingfisher House Portland Road Shirebrook Mansfield NG20 8TY England
Accountants
Hammond & Co 36 Chesterfield Road Market Street Staveley Derbyshire S43 3UT
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Safapond Direct Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,885 
6,655 
Current assets
Inventories
11,032 
4,500 
Debtors
11,636 
55,165 
Cash at bank and in hand
41,293 
11,506 
63,961 
71,171 
Creditors: amounts falling due within one year
(98,760)
(17,370)
Net current (liabilities)/assets
(34,799)
53,801 
Total assets less current liabilities
(9,914)
60,456 
Provisions for liabilities
Deferred tax
(75)
(45)
Net (liabilities)/assets
(9,989)
60,411 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(10,189)
60,211 
Shareholders' funds
(9,989)
60,411 
For the year ending 31 March 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 6 November 2023 and were signed on its behalf by
Jonathan Mark Gilbert Director Company Registration No. 07117810
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Safapond Direct Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Safapond Direct Ltd is a private company, limited by shares, registered in England and Wales, registration number 07117810. The registered office is Kingfisher House Portland Road, Shirebrook, Mansfield, NG20 8TY, England.
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:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
7,829 
- 
7,829 
Additions
- 
25,637 
25,637 
At 31 March 2023
7,829 
25,637 
33,466 
Depreciation
At 1 April 2022
1,174 
- 
1,174 
Charge for the year
998 
6,409 
7,407 
At 31 March 2023
2,172 
6,409 
8,581 
Net book value
At 31 March 2023
5,657 
19,228 
24,885 
At 31 March 2022
6,655 
- 
6,655 
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Safapond Direct Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
788 
- 
Trade debtors
5,507 
49,824 
Other debtors
5,341 
5,341 
11,636 
55,165 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,599 
9,567 
Taxes and social security
- 
1,707 
Other creditors
- 
6,096 
Loans from directors
96,161 
- 
98,760 
17,370 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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