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REGISTERED NUMBER: 03263767 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Safety Industries Group Ltd.

Safety Industries Group Ltd. (Registered number: 03263767)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Safety Industries Group Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P R Weiner
S D Weiner
P G Runacres





SECRETARY: S D Weiner





REGISTERED OFFICE: 18 Croftdown Road
London
NW5 1EH





REGISTERED NUMBER: 03263767 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Safety Industries Group Ltd. (Registered number: 03263767)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,094 118
Investments 6 651,000 651,000
652,094 651,118

CURRENT ASSETS
Debtors 7 41 34
Cash at bank and in hand 806,581 659,418
806,622 659,452
CREDITORS
Amounts falling due within one year 8 (2,078 ) (2,070 )
NET CURRENT ASSETS 804,544 657,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,456,638

1,308,500

CAPITAL AND RESERVES
Called up share capital 133 133
Share premium 24,967 24,967
Retained earnings 1,431,538 1,283,400
SHAREHOLDERS' FUNDS 1,456,638 1,308,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Safety Industries Group Ltd. (Registered number: 03263767)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 23 March 2024 and were signed on its behalf by:





P R Weiner - Director


Safety Industries Group Ltd. (Registered number: 03263767)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Safety Industries Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Group financial statements
Exemption has been taken from preparing group financial statements on the grounds that the group qualifies as a small group. The financial statements present information about the company as an individual undertaking and not about its group.

4. EMPLOYEES AND DIRECTORS

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

Safety Industries Group Ltd. (Registered number: 03263767)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 9,713
Additions 1,508
At 31 December 2023 11,221
DEPRECIATION
At 1 January 2023 9,595
Charge for year 532
At 31 December 2023 10,127
NET BOOK VALUE
At 31 December 2023 1,094
At 31 December 2022 118

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 651,000
NET BOOK VALUE
At 31 December 2023 651,000
At 31 December 2022 651,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 41 34

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 2,078 2,070