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REGISTERED NUMBER: 00668592 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2024 to 31 July 2024

for

Safety Industries (Oakwood) Limited

Safety Industries (Oakwood) Limited (Registered number: 00668592)






Contents of the Financial Statements
for the Period 1 January 2024 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Safety Industries (Oakwood) Limited

Company Information
for the Period 1 January 2024 to 31 July 2024







DIRECTORS: P R Weiner
H Beck
Mrs J Knight





SECRETARY: C Willey





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 00668592 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Safety Industries (Oakwood) Limited (Registered number: 00668592)

Balance Sheet
31 July 2024

31.7.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 1,098,687

CURRENT ASSETS
Debtors 6 1,545 158,479
Cash at bank and in hand 2,491,351 1,122,417
2,492,896 1,280,896
CREDITORS
Amounts falling due within one year 7 (305,300 ) (131,567 )
NET CURRENT ASSETS 2,187,596 1,149,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,187,596

2,248,016

PROVISIONS FOR LIABILITIES 8 - (129,000 )
NET ASSETS 2,187,596 2,119,016

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Revaluation reserve - 735,670
Retained earnings 2,087,596 1,283,346
SHAREHOLDERS' FUNDS 2,187,596 2,119,016

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

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

Safety Industries (Oakwood) Limited (Registered number: 00668592)

Balance Sheet - continued
31 July 2024


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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





P R Weiner - Director


Safety Industries (Oakwood) Limited (Registered number: 00668592)

Notes to the Financial Statements
for the Period 1 January 2024 to 31 July 2024

1. STATUTORY INFORMATION

Safety Industries (Oakwood) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Land and buildings - 2% on cost or valuation
Plant and machinery etc - 33% on cost and 20% on reducing balance

Taxation
Taxation for the period 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.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date that are expected to apply to the reversal of timing difference.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 14 ) .

Safety Industries (Oakwood) Limited (Registered number: 00668592)

Notes to the Financial Statements - continued
for the Period 1 January 2024 to 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 1,200,000 33,457 1,233,457
Disposals (1,200,000 ) (33,457 ) (1,233,457 )
At 31 July 2024 - - -
DEPRECIATION
At 1 January 2024 107,200 27,570 134,770
Charge for period 3,133 422 3,555
Eliminated on disposal (110,333 ) (27,992 ) (138,325 )
At 31 July 2024 - - -
NET BOOK VALUE
At 31 July 2024 - - -
At 31 December 2023 1,092,800 5,887 1,098,687

Included in cost or valuation of land and buildings is freehold land of £ 260,000 (2023 - £ 260,000 ) which is not depreciated.

Cost or valuation at 31 July 2024 is represented by:

Land and
buildings
£   
Valuation in 2000 241,086
Valuation in 2014 260,415
Valuation in 2022 420,000
921,501

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.7.24 31.12.23
£    £   
Cost 278,499 278,499

Freehold land and buildings were valued on a fair value basis on 31 December 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.12.23
£    £   
Trade debtors - 131,828
Other debtors 1,545 26,651
1,545 158,479

Safety Industries (Oakwood) Limited (Registered number: 00668592)

Notes to the Financial Statements - continued
for the Period 1 January 2024 to 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.12.23
£    £   
Trade creditors - 45,015
Taxation and social security 305,300 56,313
Other creditors - 30,239
305,300 131,567

8. PROVISIONS FOR LIABILITIES
31.7.24 31.12.23
£    £   
Deferred taxation - 129,000

Deferred
tax
£   
Balance at 1 January 2024 129,000
Provided during period (129,000 )
Balance at 31 July 2024 -