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REGISTERED NUMBER: 14141735 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NORTH STAR SAFETY GROUP LIMITED

NORTH STAR SAFETY GROUP LIMITED (REGISTERED NUMBER: 14141735)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORTH STAR SAFETY GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: S Askham
S Killick
S R D Marr
A McGearey





SECRETARY: S Killick





REGISTERED OFFICE: Salomons Estate
Broomhill Road
Tunbridge Wells
Kent
TN3 0TG





REGISTERED NUMBER: 14141735 (England and Wales)





AUDITORS: Xeinadin Audit Ltd
12 Conqueror Ct
Sittingbourne
Kent
ME10 5BH

NORTH STAR SAFETY GROUP LIMITED (REGISTERED NUMBER: 14141735)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,870 71,553

CURRENT ASSETS
Stocks 72,100 45,972
Debtors 5 412,328 377,887
Cash at bank and in hand 806,668 703,203
1,291,096 1,127,062
CREDITORS
Amounts falling due within one year 6 850,607 875,061
NET CURRENT ASSETS 440,489 252,001
TOTAL ASSETS LESS CURRENT LIABILITIES 514,359 323,554

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 514,358 323,553
SHAREHOLDERS' FUNDS 514,359 323,554

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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





S R D Marr - Director


NORTH STAR SAFETY GROUP LIMITED (REGISTERED NUMBER: 14141735)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

North Star Safety Group 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.

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


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 previous accounting period was a shorter accounting period, lasting only 10 months. Therefore the comparative data is not directly comparable to the current financial period.

Critical accounting judgements and key sources of estimation uncertainty
In the course of preparing the financial statements, no judgements have been made in the process of applying the accounting policies other than those involving estimations that have had a significant effect on the amounts recognised in the financial statements. The estimations relate to the rate of depreciation and the valuation of stock.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has basic financial instruments only. The financial instruments of the company comprise financial assets and financial liabilities in the form of cash balances, trade and other debtors, and trade and other creditors. Financial assets and financial liabilities are initially recognised at fair value plus transaction costs where relevant and are subsequently carried at amortised cost.


NORTH STAR SAFETY GROUP LIMITED (REGISTERED NUMBER: 14141735)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash at bank consists of current accounts and cash in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

NORTH STAR SAFETY GROUP LIMITED (REGISTERED NUMBER: 14141735)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 54,975 19,633 15,635 90,243
Additions 24,339 4,500 644 29,483
At 31 March 2024 79,314 24,133 16,279 119,726
DEPRECIATION
At 1 April 2023 13,743 2,529 2,418 18,690
Charge for year 16,393 5,401 5,372 27,166
At 31 March 2024 30,136 7,930 7,790 45,856
NET BOOK VALUE
At 31 March 2024 49,178 16,203 8,489 73,870
At 31 March 2023 41,232 17,104 13,217 71,553

The plant & machinery represents equipment available for hire to clients.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 221,306 323,725
Other debtors 191,022 54,162
412,328 377,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 172,321 120,963
Taxation and social security 256,673 248,762
Other creditors 421,613 505,336
850,607 875,061

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £0.01 1 1

NORTH STAR SAFETY GROUP LIMITED (REGISTERED NUMBER: 14141735)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rosanna Turner ACA DChA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Ltd

9. RELATED PARTY DISCLOSURES

The company was part of First Option Safety Group (Company number 05533445) before it commenced trading.

The company continues to trade with this entity.

The directors confirm all transactions are on an arms length basis.