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REGISTERED NUMBER: SO306767 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Safe-Assure LLP

Safe-Assure LLP (Registered number: SO306767)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Safe-Assure LLP (Registered number: SO306767)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,146 7,768
Tangible assets 5 230 287
6,376 8,055

CURRENT ASSETS
Debtors 6 823 2,223
Cash at bank 34,314 33,388
35,137 35,611
CREDITORS
Amounts falling due within one year 7 (4,048 ) (3,730 )
NET CURRENT ASSETS 31,089 31,881
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

37,465

39,936

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 37,465 39,936
37,465 39,936

TOTAL MEMBERS' INTERESTS
Members' other interests 37,465 39,936

Safe-Assure LLP (Registered number: SO306767)

Balance Sheet - continued
31 March 2024


The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 June 2024 and were signed by:





Mr T I Michel - Designated member

Safe-Assure LLP (Registered number: SO306767)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Safe-Assure LLP is a limited liability partnership, domiciled in Scotland, registration number SO306767. The registered office is Foothills, Perth Road, Abernethy, Perth, PH2 9LW.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents invoiced sales in respect of the provision of software subscriptions and health & safety consultancy services. Sales are recognised at the point at which the service is complete.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 20% on reducing balance

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

Safe-Assure LLP (Registered number: SO306767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 13,774
AMORTISATION
At 1 April 2023 6,006
Charge for year 1,622
At 31 March 2024 7,628
NET BOOK VALUE
At 31 March 2024 6,146
At 31 March 2023 7,768

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 652
DEPRECIATION
At 1 April 2023 365
Charge for year 57
At 31 March 2024 422
NET BOOK VALUE
At 31 March 2024 230
At 31 March 2023 287

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 823 2,223

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 229 246
Other creditors 3,819 3,484
4,048 3,730