THE SAFETY KNIFE CO. LTD.

Company Registration Number:
02827044 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

THE SAFETY KNIFE CO. LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

THE SAFETY KNIFE CO. LTD.

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 22,501 0
Tangible assets: 4 70,783 39,412
Total fixed assets: 93,284 39,412
Current assets
Stocks: 455,897 444,482
Debtors:   364,908 330,753
Cash at bank and in hand: 286,319 328,326
Total current assets: 1,107,124 1,103,561
Creditors: amounts falling due within one year: 5 (250,949) (206,487)
Net current assets (liabilities): 856,175 897,074
Total assets less current liabilities: 949,459 936,486
Total net assets (liabilities): 949,459 936,486
Capital and reserves
Called up share capital: 251 251
Other reserves: (49,951) (49,951)
Profit and loss account: 999,159 986,186
Shareholders funds: 949,459 936,486

The notes form part of these financial statements

THE SAFETY KNIFE CO. LTD.

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 August 2024
and signed on behalf of the board by:

Name: M M Critchley
Status: Director

The notes form part of these financial statements

THE SAFETY KNIFE CO. LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE SAFETY KNIFE CO. LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 17 20

THE SAFETY KNIFE CO. LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 0
Additions 30,000
At 31 December 2023 30,000
Amortisation
At 01 January 2023 0
Charge for year 7,499
At 31 December 2023 7,499
Net book value
At 31 December 2023 22,501
At 31 December 2022 0

THE SAFETY KNIFE CO. LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 473,028
Additions 59,195
Disposals (30,474)
At 31 December 2023 501,749
Depreciation
At 01 January 2023 433,616
Charge for year 27,824
On disposals (30,474)
At 31 December 2023 430,966
Net book value
At 31 December 2023 70,783
At 31 December 2022 39,412

THE SAFETY KNIFE CO. LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

TRADE CREDITORS, SOCIAL SECURITY & OTHER TAXES, OTHER CREDITORS