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REGISTERED NUMBER: 07788450 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ADMIRAL SAFETY LTD

ADMIRAL SAFETY LTD (REGISTERED NUMBER: 07788450)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADMIRAL SAFETY LTD

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTOR: Mr A Nelson





REGISTERED OFFICE: 44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 07788450 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

ADMIRAL SAFETY LTD (REGISTERED NUMBER: 07788450)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,013 5,763

CURRENT ASSETS
Debtors 5 6,447 4,665
Cash at bank 61,419 75,667
67,866 80,332
CREDITORS
Amounts falling due within one year 6 21,418 22,387
NET CURRENT ASSETS 46,448 57,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,461

63,708

PROVISIONS FOR LIABILITIES 477 525
NET ASSETS 50,984 63,183

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 50,983 63,182
SHAREHOLDERS' FUNDS 50,984 63,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 22 February 2024 and were signed by:



Mr A Nelson - Director


ADMIRAL SAFETY LTD (REGISTERED NUMBER: 07788450)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Admiral Safety Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance

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.

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.

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 1 (2022 - 1 ) .

ADMIRAL SAFETY LTD (REGISTERED NUMBER: 07788450)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 October 2022 5,000 9,348 14,348
Additions - 588 588
At 30 September 2023 5,000 9,936 14,936
DEPRECIATION
At 1 October 2022 2,000 6,585 8,585
Charge for year 500 838 1,338
At 30 September 2023 2,500 7,423 9,923
NET BOOK VALUE
At 30 September 2023 2,500 2,513 5,013
At 30 September 2022 3,000 2,763 5,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,700 3,840
Prepayments and accrued income 747 825
6,447 4,665

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 940 769
Tax 4,425 7,516
VAT 4,356 3,900
Directors' loan accounts 11,197 9,702
Accrued expenses 500 500
21,418 22,387

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Nelson.