Company Registration No. 07117810 (England and Wales)
Safapond Direct Ltd
Unaudited accounts
for the year ended 31 March 2024
Safapond Direct Ltd
Unaudited accounts
Contents
Safapond Direct Ltd
Company Information
for the year ended 31 March 2024
Directors
Jonathan Mark Gilbert
James Matthew Gilbert
Company Number
07117810 (England and Wales)
Registered Office
Kingfisher House Portland Road
Shirebrook
Mansfield
NG20 8TY
England
Accountants
Hammond & Co
36 Chesterfield Road
Market Street
Staveley
Derbyshire
S43 3UT
Safapond Direct Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
19,230
24,885
Cash at bank and in hand
2,897
41,293
Creditors: amounts falling due within one year
(53,778)
(98,760)
Net current liabilities
(38,916)
(34,799)
Total assets less current liabilities
(19,686)
(9,914)
Provisions for liabilities
Net liabilities
(19,780)
(9,989)
Called up share capital
200
200
Profit and loss account
(19,980)
(10,189)
Shareholders' funds
(19,780)
(9,989)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by
Jonathan Mark Gilbert
Director
Company Registration No. 07117810
Safapond Direct Ltd
Notes to the Accounts
for the year ended 31 March 2024
Safapond Direct Ltd is a private company, limited by shares, registered in England and Wales, registration number 07117810. The registered office is Kingfisher House Portland Road, Shirebrook, Mansfield, NG20 8TY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
7,829
25,637
33,466
At 31 March 2024
7,829
25,637
33,466
At 1 April 2023
2,172
6,409
8,581
Charge for the year
848
4,807
5,655
At 31 March 2024
3,020
11,216
14,236
At 31 March 2024
4,809
14,421
19,230
At 31 March 2023
5,657
19,228
24,885
Safapond Direct Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
51,787
96,161
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).