Registered number
14018366
Safety-Logic (Health, Safety, Compliance) Ltd
Unaudited Filleted Accounts
31 March 2023
Safety-Logic (Health, Safety, Compliance) Ltd
Registered number: 14018366
Balance Sheet
as at 31 March 2023
Notes 2023
£
Fixed assets
Tangible assets 3 2,541
Current assets
Debtors 4 5,850
Cash at bank and in hand 9,090
14,940
Creditors: amounts falling due within one year 5 (17,307)
Net current liabilities (2,367)
Net assets 174
Capital and reserves
Called up share capital 100
Profit and loss account 74
Shareholder's funds 174
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gavin Scollen
Director
Approved by the board on 23 September 2023
Safety-Logic (Health, Safety, Compliance) Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 18% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 3,099
At 31 March 2023 3,099
Depreciation
Charge for the year 558
At 31 March 2023 558
Net book value
At 31 March 2023 2,541
4 Debtors 2023
£
Trade debtors 5,850
5 Creditors: amounts falling due within one year 2023
£
Taxation and social security costs 3,067
Other creditors 14,240
17,307
6 Related party transactions
Mr G Scollen, sole shareholder and director, received dividends of £13,000 during the year.
7 Controlling party
Mr G Scollen, sole shareholder and director, is the ultimate controlling party.
8 Other information
Safety-Logic (Health, Safety, Compliance) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Burnside Cottages
Dalton-Le-Dale
Seaham
Co Durham
SR7 8QU
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