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REGISTERED NUMBER: 08408753 (England and Wales)















SAFE TAN (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2023






SAFE TAN (UK) LIMITED (REGISTERED NUMBER: 08408753)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAFE TAN (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr M Pastou





SECRETARY:





REGISTERED OFFICE: Hale House, Unit 5
296A Green Lanes
Palmers Green
London
N13 5TP





REGISTERED NUMBER: 08408753 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TP

SAFE TAN (UK) LIMITED (REGISTERED NUMBER: 08408753)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,170 20,170
Tangible assets 5 28,217 31,722
48,387 51,892

CURRENT ASSETS
Stocks 6 1,040 960
Debtors 7 63,593 106,901
Cash in hand 220 200
64,853 108,061
CREDITORS
Amounts falling due within one year 8 65,165 92,030
NET CURRENT (LIABILITIES)/ASSETS (312 ) 16,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,075

67,923

CREDITORS
Amounts falling due after more than one year 9 92,972 122,121
NET LIABILITIES (44,897 ) (54,198 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 (44,898 ) (54,199 )
SHAREHOLDERS' FUNDS (44,897 ) (54,198 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SAFE TAN (UK) LIMITED (REGISTERED NUMBER: 08408753)

BALANCE SHEET - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





Mr M Pastou - Director


SAFE TAN (UK) LIMITED (REGISTERED NUMBER: 08408753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Safe Tan (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are 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 Income Statement, 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.


SAFE TAN (UK) LIMITED (REGISTERED NUMBER: 08408753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 20,000 170 20,170
NET BOOK VALUE
At 28 February 2023 20,000 170 20,170
At 28 February 2022 20,000 170 20,170

SAFE TAN (UK) LIMITED (REGISTERED NUMBER: 08408753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 March 2022 15,000 90,220 105,220
Additions - 900 900
At 28 February 2023 15,000 91,120 106,120
DEPRECIATION
At 1 March 2022 - 73,498 73,498
Charge for year - 4,405 4,405
At 28 February 2023 - 77,903 77,903
NET BOOK VALUE
At 28 February 2023 15,000 13,217 28,217
At 28 February 2022 15,000 16,722 31,722

6. STOCKS
2023 2022
£    £   
Stocks 1,040 960

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 10,000 -
VAT 822 -
10,822 -

Amounts falling due after more than one year:
Other debtors 52,771 106,901

Aggregate amounts 63,593 106,901

SAFE TAN (UK) LIMITED (REGISTERED NUMBER: 08408753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,399 24,414
Other loans - 22,500
Social security and other taxes 896 6,111
VAT - 19,635
Directors' current accounts 41,870 19,370
65,165 92,030

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 92,972 122,121

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 92,972 122,121

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 March 2022 (54,199 )
Profit for the year 9,301
At 28 February 2023 (44,898 )