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REGISTERED NUMBER: 02608855















Financial Statements for the Year Ended 31 May 2023

for

Safe Edge Limited

Safe Edge Limited (Registered number: 02608855)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Safe Edge Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: M Herbert
S.J. Herbert
J Cheetham





SECRETARY: M Herbert





REGISTERED OFFICE: Eckington Business Park
Rotherside Road
Eckington
Sheffield
S21 4HL





REGISTERED NUMBER: 02608855





ACCOUNTANT: Stephen R Rhodes
2 Townhead Mill
Eyam
Hope Valley
Derbyshire
S32 5RE

Safe Edge Limited (Registered number: 02608855)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 274,380 259,458

CURRENT ASSETS
Debtors 5 319,211 373,772
Cash at bank and in hand 16,813 76,521
336,024 450,293
CREDITORS
Amounts falling due within one year 6 309,880 222,291
NET CURRENT ASSETS 26,144 228,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,524

487,460

CREDITORS
Amounts falling due after more than
one year

7

-

(123,404

)

PROVISIONS FOR LIABILITIES 8 (51,445 ) (47,317 )
NET ASSETS 249,079 316,739

Safe Edge Limited (Registered number: 02608855)

Balance Sheet - continued
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 248,929 316,589
SHAREHOLDERS' FUNDS 249,079 316,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 17 January 2024 and were signed on its behalf by:




M Herbert - Director



S.J. Herbert - Director


Safe Edge Limited (Registered number: 02608855)

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

1. STATUTORY INFORMATION

Safe Edge Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery etc - 25% on reducing balance and 15% 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.

Safe Edge Limited (Registered number: 02608855)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 1,171,525
Additions 79,023
Disposals (20,850 )
At 31 May 2023 1,229,698
DEPRECIATION
At 1 June 2022 912,067
Charge for year 61,317
Eliminated on disposal (18,066 )
At 31 May 2023 955,318
NET BOOK VALUE
At 31 May 2023 274,380
At 31 May 2022 259,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Trade debtors 292,460 371,766
Other debtors 26,751 2,006
319,211 373,772

Safe Edge Limited (Registered number: 02608855)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 171,205 83,868
Hire purchase contracts 35,519 24,172
Trade creditors 74,060 84,281
Taxation and social security 16,071 16,805
Other creditors 13,025 13,165
309,880 222,291

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans - 123,404

8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 51,445 47,317

Deferred
tax
£   
Balance at 1 June 2022 47,317
Accelerated capital allowances 4,128
Balance at 31 May 2023 51,445

9. RELATED PARTY DISCLOSURES

Mr M.Herbert and Mrs S.J.Herbert are trustees of the Safe Edge Limited SASS which for the period under review was the company landlord. During the year rent of £35,000 was charged (2022: £35,000). At 31 May 2023 £960 was owed in this respect. (2022: £7000 ) .
Mr.M.Herbert and Mrs S.J.Herbert are directors and principal shareholders of Eckington Properties Limited.
An inter - company loan subsisted during the year and at 31 May 2022 the company was owed £12,759 (2022 : owed £12753 to Eckington Properties Limited ).

Safe Edge Limited (Registered number: 02608855)

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

10. CONTROLLING PARTY

M Herbert and SJ Herbert own 70% of the issued voting shares of the company.