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REGISTERED NUMBER: 02225852 (England and Wales)















Safebetter Limited
T/A
Diss Car Parts

Unaudited Financial Statements

for the year ended

30 September 2023






Safebetter Limited (Registered number: 02225852)
T/A Diss Car Parts

Contents of the Financial Statements
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Safebetter Limited
T/A Diss Car Parts

Company Information
for the year ended 30 September 2023







DIRECTORS: L W Pollard
A L Pollard





SECRETARY: H C Pollard





REGISTERED OFFICE: 8 Hopper Way
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 02225852 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Safebetter Limited (Registered number: 02225852)
T/A Diss Car Parts

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 28,160 6,666

CURRENT ASSETS
Stocks 41,089 46,444
Debtors 6 22,877 34,233
Cash at bank and in hand 83,917 95,911
147,883 176,588
CREDITORS
Amounts falling due within one year 7 (153,417 ) (159,410 )
NET CURRENT (LIABILITIES)/ASSETS (5,534 ) 17,178
TOTAL ASSETS LESS CURRENT LIABILITIES 22,626 23,844

CREDITORS
Amounts falling due after more than one year 8 (5,000 ) (8,000 )

PROVISIONS FOR LIABILITIES (4,313 ) (163 )
NET ASSETS 13,313 15,681

CAPITAL AND RESERVES
Called up share capital 9 203 203
Retained earnings 13,110 15,478
SHAREHOLDERS' FUNDS 13,313 15,681

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





A L Pollard - Director


Safebetter Limited (Registered number: 02225852)
T/A Diss Car Parts

Notes to the Financial Statements
for the year ended 30 September 2023


1. STATUTORY INFORMATION

Safebetter 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.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

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 year was 5 (2022 - 5 ) .

Safebetter Limited (Registered number: 02225852)
T/A Diss Car Parts

Notes to the Financial Statements - continued
for the year ended 30 September 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 11,763 21,950 500 34,213
Additions - 28,407 - 28,407
Disposals - (8,500 ) - (8,500 )
At 30 September 2023 11,763 41,857 500 54,120
DEPRECIATION
At 1 October 2022 11,109 16,053 385 27,547
Charge for year 506 3,715 115 4,336
Eliminated on disposal - (5,923 ) - (5,923 )
At 30 September 2023 11,615 13,845 500 25,960
NET BOOK VALUE
At 30 September 2023 148 28,012 - 28,160
At 30 September 2022 654 5,897 115 6,666

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,340 19,747
Other debtors 8,537 14,486
22,877 34,233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 113,524 122,646
Taxation and social security 9,890 12,701
Other creditors 27,003 21,063
153,417 159,410

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 5,000 8,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
203 203

Safebetter Limited (Registered number: 02225852)
T/A Diss Car Parts

Notes to the Financial Statements - continued
for the year ended 30 September 2023


10. RELATED PARTY DISCLOSURES

At the year end the company owed Mr L Pollard, the director, £632 (2022 - the director owed the company £486) relating to an interest free loan with no set repayment terms.

At the year end Mr A Pollard, the director, owed the company £5,022 (2022 - £11,602) relating to an interest free loan with no set repayment terms.