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REGISTERED NUMBER: SC615030 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

SAFRAN (EDINBURGH) LTD

SAFRAN (EDINBURGH) LTD (Registered number: SC615030)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAFRAN (EDINBURGH) LTD

Company Information
for the Year Ended 30 November 2023







DIRECTOR: MRS F CELIK





REGISTERED OFFICE: 12 HIGH STREET
EDINBURGH
EH1 1TB





REGISTERED NUMBER: SC615030 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan Accountants
95-107 Lancefield Street
Glasgow
G3 8HZ

SAFRAN (EDINBURGH) LTD (Registered number: SC615030)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 35,000 35,000
Tangible assets 5 7,243 7,424
42,243 42,424

CURRENT ASSETS
Stocks 6 3,500 2,500
Debtors 7 - 34,927
Cash at bank and in hand 128,181 39,211
131,681 76,638
CREDITORS
Amounts falling due within one year 8 109,779 57,651
NET CURRENT ASSETS 21,902 18,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,145

61,411

CREDITORS
Amounts falling due after more than one
year

9

31,600

51,017
NET ASSETS 32,545 10,394

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 32,445 10,294
SHAREHOLDERS' FUNDS 32,545 10,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SAFRAN (EDINBURGH) LTD (Registered number: SC615030)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 11 July 2024 and were signed by:





MRS F CELIK - Director


SAFRAN (EDINBURGH) LTD (Registered number: SC615030)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

SAFRAN (EDINBURGH) LTD is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Income Statement, 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.

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

SAFRAN (EDINBURGH) LTD (Registered number: SC615030)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 35,000
NET BOOK VALUE
At 30 November 2023 35,000
At 30 November 2022 35,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022 15,542
Additions 1,097
At 30 November 2023 16,639
DEPRECIATION
At 1 December 2022 8,118
Charge for year 1,278
At 30 November 2023 9,396
NET BOOK VALUE
At 30 November 2023 7,243
At 30 November 2022 7,424

6. STOCKS
30.11.23 30.11.22
£    £   
Stocks 3,500 2,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors - (34,927 )
Directors' current accounts - 69,854
- 34,927

SAFRAN (EDINBURGH) LTD (Registered number: SC615030)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 27,074 15,438
Social security and other taxes 26,018 17,823
VAT 8,146 1,806
Directors' current accounts 5,218 -
Accrued expenses 43,323 22,584
109,779 57,651

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Loan - BBL 25,833 33,393
DSL Business finance loan 1 771 3,091
DSL Business finance loan 2 1,927 7,727
DSL Business finance loan 69 3,806
Loan - M Celik 3,000 3,000
31,600 51,017

10. CALLED UP SHARE CAPITAL

11. RESERVES
Retained
earnings
£   

At 1 December 2022 10,294
Profit for the year 62,151
Dividends (40,000 )
At 30 November 2023 32,445