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Logo On Report
Registered Number: 06467889
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

SAFE SECURE LOCKER SERVICES LIMITED

Director John Scott
Registered Number 06467889
Registered Office 3 Menta Business Centre
5 Eastern Way
Bury St Edmunds
IP32 7AB
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 March 2024
Principal activities
The principal activity of the company during the financial year was the supply and service of lockers.
Director
The director who served the company throughout the year was as follows:
John Scott
 
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
John Scott
Director

Date approved: 31 March 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 5,144    6,859 
5,144    6,859 
Current assets      
Stocks 4 51,576    46,050 
Debtors 5 60,839    206,379 
Cash at bank and in hand 194,971    140,287 
307,386    392,716 
Creditors: amount falling due within one year 6 (61,670)   (83,989)
Net current assets 245,716    308,727 
 
Total assets less current liabilities 250,860    315,586 
Provisions for liabilities 7 (1,286)   (1,303)
Net assets 249,574    314,283 
 

Capital and reserves
     
Called up share capital 75,000    75,000 
Capital Redemption Reserve 8 132,809    132,809 
Profit and loss account 41,765    106,474 
Shareholder's funds 249,574    314,283 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 31 March 2024 and were signed by:


-------------------------------
John Scott
Director
3
General Information
Safe Secure Locker Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06467889, registration address 3 Menta Business Centre, 5 Eastern Way, Bury St Edmunds, IP32 7AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25%-33% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 5 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 April 2023 32,852    32,852 
Additions  
Disposals  
At 31 March 2024 32,852    32,852 
Depreciation
At 01 April 2023 25,993    25,993 
Charge for year 1,715    1,715 
On disposals  
At 31 March 2024 27,708    27,708 
Net book values
Closing balance as at 31 March 2024 5,144    5,144 
Opening balance as at 01 April 2023 6,859    6,859 


4.

Stocks

2024
£
  2023
£
Stocks 51,576    46,050 
51,576    46,050 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 60,252    205,979 
Other Debtors 487    300 
Corporation Tax 100    100 
60,839    206,379 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 27,832    43,867 
Accrued Expenses 6,714    4,713 
Directors' Current Accounts 21,816    22,789 
VAT 5,308    12,620 
61,670    83,989 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 1,286    1,303 
1,286    1,303 

8.

Capital Redemption Reserve

2024
£
  2023
£
Capital Redemption Reserve b/fwd 132,809    132,809 
132,809    132,809 

9.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
John Scott(21,816)(22,789)

4