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REGISTERED NUMBER: 05077631 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Safe Solutions (Safe4) Limited

Safe Solutions (Safe4) Limited (Registered number: 05077631)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Safe Solutions (Safe4) Limited (Registered number: 05077631)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,139 -
Tangible assets 5 324,036 348,485
325,175 348,485

CURRENT ASSETS
Stocks 52,631 58,767
Debtors 6 236,545 231,966
Cash at bank and in hand 706,107 574,023
995,283 864,756
CREDITORS
Amounts falling due within one year 7 326,542 412,801
NET CURRENT ASSETS 668,741 451,955
TOTAL ASSETS LESS CURRENT LIABILITIES 993,916 800,440

CREDITORS
Amounts falling due after more than one year 8 (101,194 ) (114,855 )

PROVISIONS FOR LIABILITIES (9,094 ) (13,470 )
NET ASSETS 883,628 672,115

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 883,617 672,104
SHAREHOLDERS' FUNDS 883,628 672,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Safe Solutions (Safe4) Limited (Registered number: 05077631)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





Mr A D Stockwin - Director


Safe Solutions (Safe4) Limited (Registered number: 05077631)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Safe Solutions (Safe4) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05077631

Registered office: Wharton Green
Bostock Road
Winsford
Cheshire
CW7 3BD

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.

Turnover is recognised as the company becomes entitled to consideration for the goods supplied.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

At the year end, goodwill was fully amortised.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost and Straight line over 5 years

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 Profit and Loss Account, 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.


Safe Solutions (Safe4) Limited (Registered number: 05077631)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1 January 2023 66,352 - 66,352
Additions - 2,279 2,279
At 31 December 2023 66,352 2,279 68,631
AMORTISATION
At 1 January 2023 66,352 - 66,352
Amortisation for year - 1,140 1,140
At 31 December 2023 66,352 1,140 67,492
NET BOOK VALUE
At 31 December 2023 - 1,139 1,139
At 31 December 2022 - - -

Safe Solutions (Safe4) Limited (Registered number: 05077631)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 347,222 60,411 30,792
Additions - 402 142
At 31 December 2023 347,222 60,813 30,934
DEPRECIATION
At 1 January 2023 52,617 44,845 14,882
Charge for year 6,944 6,645 5,679
At 31 December 2023 59,561 51,490 20,561
NET BOOK VALUE
At 31 December 2023 287,661 9,323 10,373
At 31 December 2022 294,605 15,566 15,910

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 18,998 34,871 492,294
Additions - 1,866 2,410
At 31 December 2023 18,998 36,737 494,704
DEPRECIATION
At 1 January 2023 1,266 30,199 143,809
Charge for year 3,800 3,791 26,859
At 31 December 2023 5,066 33,990 170,668
NET BOOK VALUE
At 31 December 2023 13,932 2,747 324,036
At 31 December 2022 17,732 4,672 348,485

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 214,303 225,327
Other debtors 22,242 6,639
236,545 231,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,877 16,093
Trade creditors 73,542 69,480
Taxation and social security 206,347 120,493
Other creditors 31,776 206,735
326,542 412,801

Safe Solutions (Safe4) Limited (Registered number: 05077631)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 101,194 114,855

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 41,686 50,483

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 116,071 130,948

The bank loans and overdrafts are secured by a fixed and floating charge over the land and buildings and assets of the company.