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REGISTERED NUMBER: 03069750 (England and Wales)















LONDON & HOME COUNTIES SAFES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






LONDON & HOME COUNTIES SAFES LTD (REGISTERED NUMBER: 03069750)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON & HOME COUNTIES SAFES LTD

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: S L Vacca
D A Harvey





SECRETARY: S L Vacca





REGISTERED OFFICE: 104 Southover
London
N12 7HD





REGISTERED NUMBER: 03069750 (England and Wales)





ACCOUNTANTS: Eric R Jenkins FCA
Chartered Accountants
104 Southover
London
N12 7HD

LONDON & HOME COUNTIES SAFES LTD (REGISTERED NUMBER: 03069750)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,590 36,237

CURRENT ASSETS
Stocks 20,250 20,250
Debtors 5 2,600 2,600
Cash at bank 102,322 102,949
125,172 125,799
CREDITORS
Amounts falling due within one year 6 65,540 59,374
NET CURRENT ASSETS 59,632 66,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,222

102,662

CREDITORS
Amounts falling due after more than one
year

7

55,392

57,969
NET ASSETS 30,830 44,693

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 30,680 44,543
SHAREHOLDERS' FUNDS 30,830 44,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

LONDON & HOME COUNTIES SAFES LTD (REGISTERED NUMBER: 03069750)

BALANCE SHEET - continued
31 March 2024


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 4 July 2024 and were signed on its behalf by:




D A Harvey - Director



S L Vacca - Director


LONDON & HOME COUNTIES SAFES LTD (REGISTERED NUMBER: 03069750)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

London & Home Counties Safes 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.

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 - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 90,117
Disposals (22,719 )
At 31 March 2024 67,398
DEPRECIATION
At 1 April 2023 53,880
Charge for year 8,863
Eliminated on disposal (21,935 )
At 31 March 2024 40,808
NET BOOK VALUE
At 31 March 2024 26,590
At 31 March 2023 36,237

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,600 2,600

LONDON & HOME COUNTIES SAFES LTD (REGISTERED NUMBER: 03069750)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 47,225 47,203
Taxation and social security 15,065 8,921
Other creditors 3,250 3,250
65,540 59,374

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 34,722 40,060
Other creditors 20,670 17,909
55,392 57,969

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
150 Ordinary £1 150 150