IRIS Accounts Production v24.2.0.383 05309017 director 1.1.23 31.12.23 31.12.23 false true false false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053090172022-12-31053090172023-12-31053090172023-01-012023-12-31053090172021-12-31053090172022-01-012022-12-31053090172022-12-3105309017ns15:EnglandWales2023-01-012023-12-3105309017ns14:PoundSterling2023-01-012023-12-3105309017ns10:Director12023-01-012023-12-3105309017ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105309017ns10:SmallEntities2023-01-012023-12-3105309017ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105309017ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105309017ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105309017ns10:FullAccounts2023-01-012023-12-310530901712023-01-012023-12-3105309017ns10:OrdinaryShareClass12023-01-012023-12-3105309017ns10:OrdinaryShareClass22023-01-012023-12-3105309017ns10:OrdinaryShareClass32023-01-012023-12-3105309017ns10:CompanySecretary12023-01-012023-12-3105309017ns10:RegisteredOffice2023-01-012023-12-3105309017ns5:CurrentFinancialInstruments2023-12-3105309017ns5:CurrentFinancialInstruments2022-12-3105309017ns5:Non-currentFinancialInstruments2023-12-3105309017ns5:Non-currentFinancialInstruments2022-12-3105309017ns5:ShareCapital2023-12-3105309017ns5:ShareCapital2022-12-3105309017ns5:RetainedEarningsAccumulatedLosses2023-12-3105309017ns5:RetainedEarningsAccumulatedLosses2022-12-3105309017ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3105309017ns5:IntangibleAssetsOtherThanGoodwill2022-12-3105309017ns5:IntangibleAssetsOtherThanGoodwill2023-12-3105309017ns5:IntangibleAssetsOtherThanGoodwill2022-12-3105309017ns5:LeaseholdImprovements2022-12-3105309017ns5:PlantMachinery2022-12-3105309017ns5:FurnitureFittings2022-12-3105309017ns5:MotorVehicles2022-12-3105309017ns5:LeaseholdImprovements2023-01-012023-12-3105309017ns5:PlantMachinery2023-01-012023-12-3105309017ns5:FurnitureFittings2023-01-012023-12-3105309017ns5:MotorVehicles2023-01-012023-12-3105309017ns5:LeaseholdImprovements2023-12-3105309017ns5:PlantMachinery2023-12-3105309017ns5:FurnitureFittings2023-12-3105309017ns5:MotorVehicles2023-12-3105309017ns5:LeaseholdImprovements2022-12-3105309017ns5:PlantMachinery2022-12-3105309017ns5:FurnitureFittings2022-12-3105309017ns5:MotorVehicles2022-12-3105309017ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3105309017ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3105309017ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105309017ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105309017ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105309017ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105309017ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3105309017ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3105309017ns5:HirePurchaseContracts2023-12-3105309017ns5:HirePurchaseContracts2022-12-3105309017ns5:WithinOneYear2023-12-3105309017ns5:WithinOneYear2022-12-3105309017ns5:BetweenOneFiveYears2023-12-3105309017ns5:BetweenOneFiveYears2022-12-3105309017ns5:AllPeriods2023-12-3105309017ns5:AllPeriods2022-12-3105309017ns5:DeferredTaxation2022-12-3105309017ns5:DeferredTaxation2023-01-012023-12-3105309017ns5:DeferredTaxation2023-12-3105309017ns10:OrdinaryShareClass12023-12-3105309017ns10:OrdinaryShareClass22023-12-3105309017ns10:OrdinaryShareClass32023-12-31
REGISTERED NUMBER: 05309017 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SAFE SPACE LOCKERS LIMITED

SAFE SPACE LOCKERS LIMITED (REGISTERED NUMBER: 05309017)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAFE SPACE LOCKERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: D M Hyett





SECRETARY: C Hyett





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 05309017 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

SAFE SPACE LOCKERS LIMITED (REGISTERED NUMBER: 05309017)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,996 12,996
Tangible assets 5 45,415 12,087
56,411 25,083

CURRENT ASSETS
Stocks 6 28,117 31,495
Debtors 7 535,849 251,522
Cash at bank 238,914 376,043
802,880 659,060
CREDITORS
Amounts falling due within one year 8 631,594 589,934
NET CURRENT ASSETS 171,286 69,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,697

94,209

CREDITORS
Amounts falling due after more than one
year

9

(24,372

)

(25,000

)

PROVISIONS FOR LIABILITIES 11 (8,974 ) (270 )
NET ASSETS 194,351 68,939

CAPITAL AND RESERVES
Called up share capital 12 200 200
Retained earnings 194,151 68,739
SHAREHOLDERS' FUNDS 194,351 68,939

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 director acknowledges his 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 SPACE LOCKERS LIMITED (REGISTERED NUMBER: 05309017)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





D M Hyett - Director


SAFE SPACE LOCKERS LIMITED (REGISTERED NUMBER: 05309017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Safe Space Lockers 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.

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 recieved or receivable net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference of the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work preformed to date to the total estimated contract costs.

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.

Licences are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 18% reducing balance

Motor Vehicles - 25% straight line

Improvements to prop - 4% straight line

Stocks
Stocks are measured at the lower of cost and estimated selling prices less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year 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 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.

SAFE SPACE LOCKERS LIMITED (REGISTERED NUMBER: 05309017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. All assets are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 19,995
AMORTISATION
At 1 January 2023 6,999
Charge for year 2,000
At 31 December 2023 8,999
NET BOOK VALUE
At 31 December 2023 10,996
At 31 December 2022 12,996

SAFE SPACE LOCKERS LIMITED (REGISTERED NUMBER: 05309017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 - - 18,518 10,195 28,713
Additions 19,499 532 2,929 14,995 37,955
Disposals - - - (10,195 ) (10,195 )
At 31 December 2023 19,499 532 21,447 14,995 56,473
DEPRECIATION
At 1 January 2023 - - 6,431 10,195 16,626
Charge for year 585 161 2,319 1,562 4,627
Eliminated on disposal - - - (10,195 ) (10,195 )
At 31 December 2023 585 161 8,750 1,562 11,058
NET BOOK VALUE
At 31 December 2023 18,914 371 12,697 13,433 45,415
At 31 December 2022 - - 12,087 - 12,087

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 14,995
At 31 December 2023 14,995
DEPRECIATION
Charge for year 1,562
At 31 December 2023 1,562
NET BOOK VALUE
At 31 December 2023 13,433

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 28,117 31,495

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 466,300 180,816
Other debtors 55,064 44,000
Prepayments and accrued income 14,485 26,706
535,849 251,522

SAFE SPACE LOCKERS LIMITED (REGISTERED NUMBER: 05309017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) 3,749 -
Trade creditors 409,955 362,800
Taxation and social security 151,823 82,635
Other creditors 56,067 134,499
631,594 589,934

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,000 25,000
Hire purchase contracts (see note 10) 9,372 -
24,372 25,000

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 3,749 -
Between one and five years 9,372 -
13,121 -

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 6,840 6,840
Between one and five years 5,130 10,830
11,970 17,670

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 8,974 270

Deferred
tax
£   
Balance at 1 January 2023 270
Provided during year 8,704
Balance at 31 December 2023 8,974

SAFE SPACE LOCKERS LIMITED (REGISTERED NUMBER: 05309017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
95 A Ordinary £1 95 95
95 B Ordinary £1 95 95
10 C Ordinary £1 10 10
200 200

The shares shall rank pari passu in all respects except the ''C'' shares shall have no voting rights and the directors shall have the right to declare dividends at different rates or declare no dividend in respect of each class of share separately.

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Director
Balance outstanding at start of year (1,527 ) (2,823 )
Amounts advanced - 5,646
Amounts repaid - (4,350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,527 ) (1,527 )