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REGISTERED NUMBER: 06271829 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Saftec Limited

Saftec Limited (Registered number: 06271829)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saftec Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr Y Wahid





REGISTERED OFFICE: 78 Kirby Drive
Luton
Bedfordshire
LU3 4AW





REGISTERED NUMBER: 06271829 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Saftec Limited (Registered number: 06271829)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 624 624

CURRENT ASSETS
Debtors 5 175,744 155,167

CREDITORS
Amounts falling due within one year 6 157,074 113,481
NET CURRENT ASSETS 18,670 41,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,294

42,310

CREDITORS
Amounts falling due after more than one
year

7

19,013

37,123
NET ASSETS 281 5,187

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 181 5,087
SHAREHOLDERS' FUNDS 281 5,187

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

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

Saftec Limited (Registered number: 06271829)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2024 and were signed by:





Mr Y Wahid - Director


Saftec Limited (Registered number: 06271829)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Saftec 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Revenue 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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 2,686 5,275 7,961
DEPRECIATION
At 1 July 2022
and 30 June 2023 2,562 4,775 7,337
NET BOOK VALUE
At 30 June 2023 124 500 624
At 30 June 2022 124 500 624

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 13,400 14,628
Other debtors 162,344 140,539
175,744 155,167

Saftec Limited (Registered number: 06271829)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 28,006 7,332
Taxation and social security 103,661 83,510
Other creditors 25,407 22,639
157,074 113,481

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 19,013 34,675
Other creditors - 2,448
19,013 37,123

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Other loans 19,001 23,187

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £62,770 (2022 - £79,265) were paid to the director .

During the year the company loaned £5,847 (2022: £19,525) to Senorita, a trading partnership in which Y Wahid is a partner. The amount owed to the company by Senorita at 30 June 2023 was £129,520 (2022: £124,449).

As at 30th June 2023 a director of the company owed £25,419 (2022 - £13,655) to the company in respect of an interest free loan, which is repayable on demand.