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REGISTERED NUMBER: 09767470 (England and Wales)















SURVEY SAFETY & TRAINING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






SURVEY SAFETY & TRAINING LTD (REGISTERED NUMBER: 09767470)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SURVEY SAFETY & TRAINING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: G Derraven
P T Lewis
P O'Shea
S O'Shea





REGISTERED OFFICE: Unit 5
Ty Coch Park
Ty Coch Way
Cwmbran
Torfaen
NP44 7HB





REGISTERED NUMBER: 09767470 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

SURVEY SAFETY & TRAINING LTD (REGISTERED NUMBER: 09767470)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 627,554 411,757

CURRENT ASSETS
Stocks 78,070 48,500
Debtors 5 575,142 332,513
Cash at bank 1,025 -
654,237 381,013
CREDITORS
Amounts falling due within one year 6 200,262 166,545
NET CURRENT ASSETS 453,975 214,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,081,529

626,225

CREDITORS
Amounts falling due after more than one
year

7

(13,754

)

(2,800

)

PROVISIONS FOR LIABILITIES (121,110 ) (56,492 )
NET ASSETS 946,665 566,933

SURVEY SAFETY & TRAINING LTD (REGISTERED NUMBER: 09767470)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Retained earnings 916,665 536,933
SHAREHOLDERS' FUNDS 946,665 566,933

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

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

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th August 2024 and were signed on its behalf by:





G Derraven - Director


SURVEY SAFETY & TRAINING LTD (REGISTERED NUMBER: 09767470)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Survey Safety & Training 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


SURVEY SAFETY & TRAINING LTD (REGISTERED NUMBER: 09767470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

SURVEY SAFETY & TRAINING LTD (REGISTERED NUMBER: 09767470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 817,018 8,499 33,660 5,947 865,124
Additions 334,198 - 19,770 - 353,968
Disposals (47,872 ) - - - (47,872 )
At 31st March 2024 1,103,344 8,499 53,430 5,947 1,171,220
DEPRECIATION
At 1st April 2023 414,891 7,283 26,226 4,967 453,367
Charge for year 125,340 465 4,685 467 130,957
Eliminated on disposal (40,658 ) - - - (40,658 )
At 31st March 2024 499,573 7,748 30,911 5,434 543,666
NET BOOK VALUE
At 31st March 2024 603,771 751 22,519 513 627,554
At 31st March 2023 402,127 1,216 7,434 980 411,757

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2023 94,555 20,615 115,170
Additions 11,987 19,770 31,757
Transfer to ownership (66,555 ) (20,615 ) (87,170 )
At 31st March 2024 39,987 19,770 59,757
DEPRECIATION
At 1st April 2023 39,737 13,743 53,480
Charge for year 6,093 - 6,093
Transfer to ownership (30,217 ) (13,743 ) (43,960 )
At 31st March 2024 15,613 - 15,613
NET BOOK VALUE
At 31st March 2024 24,374 19,770 44,144
At 31st March 2023 54,818 6,872 61,690

SURVEY SAFETY & TRAINING LTD (REGISTERED NUMBER: 09767470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Phoenix Hire & Sales Ltd 543,201 293,121
Called up share capital not paid 29,901 29,901
Prepayments 2,040 9,491
575,142 332,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 28,561
Hire purchase contracts (see note 8) 12,710 21,656
Corporation Tax 150,466 54,058
Social security and other taxes 3,028 2,593
VAT 27,798 54,461
Accruals and deferred income 6,260 5,216
200,262 166,545

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 13,754 2,800

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 12,710 21,656
Between one and five years 13,754 2,800
26,464 24,456

SURVEY SAFETY & TRAINING LTD (REGISTERED NUMBER: 09767470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 11,128 12,140
Between one and five years - 12,140
11,128 24,280

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
33 Ordinary A £1 33 33
33 Ordinary B £1 33 33
33 Ordinary C £1 33 33
99 99

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
9,967 Ordinary D £1 9,967 9,967
9,967 Ordinary E £1 9,967 9,967
9,967 Ordinary F £1 9,967 9,967
29,901 29,901

10. RELATED PARTY DISCLOSURES

At the year end, the company was owed £543,201 from Phoenix Hire & Sales Ltd (2023: £293,121); a company in which G Derraven and P T Lewis are directors and G Derraven is the majority shareholder.