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REGISTERED NUMBER: 10257440 (England and Wales)















SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED (REGISTERED NUMBER: 10257440)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs E J Eaton
D A Jones
C Bartlett
Mrs R L Crosland
A J Minett
A G Seddon
M C Wood
M L Wraith
P A A Hallgate
K Horner
D A S Houldsworth





REGISTERED OFFICE: The Clock
12-13 Westgate
Grantham
Lincolnshire
NG31 6LT





REGISTERED NUMBER: 10257440 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED (REGISTERED NUMBER: 10257440)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 93,600 -
Tangible assets 5 390 520
93,990 520

CURRENT ASSETS
Debtors 6 4,641 6,550
Cash at bank 119,819 217,655
124,460 224,205
CREDITORS
Amounts falling due within one year 7 218,450 224,725
NET CURRENT LIABILITIES (93,990 ) (520 )
TOTAL ASSETS LESS CURRENT LIABILITIES - -


RESERVES - -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





Mrs E J Eaton - Director


SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED (REGISTERED NUMBER: 10257440)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Safety Schemes In Procurement (SSIP) Limited is a private company, limited by guarantee , 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. 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Tangible fixed assets are held at cost less accumulated depreciation.

Taxation
Safety Schemes In Procurement (SSIP) Limited is a mutual trading entity and does not trade with non-members. It's income is exempt from tax and therefore no provision is entered into these accounts.

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 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 117,000
At 30 June 2024 117,000
AMORTISATION
Charge for year 23,400
At 30 June 2024 23,400
NET BOOK VALUE
At 30 June 2024 93,600

SAFETY SCHEMES IN PROCUREMENT (SSIP)
LIMITED (REGISTERED NUMBER: 10257440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 64,505
Disposals (63,530 )
At 30 June 2024 975
DEPRECIATION
At 1 July 2023 63,985
Charge for year 130
Eliminated on disposal (63,530 )
At 30 June 2024 585
NET BOOK VALUE
At 30 June 2024 390
At 30 June 2023 520

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,666 6,445
Prepayments and accrued income 975 105
4,641 6,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,254 3,411
Other taxes and social security - 3,259
Other creditors 177,170 214,680
Accruals and deferred income 4,026 3,375
218,450 224,725