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REGISTERED NUMBER: 04753697















SAFE HANDS MOBILITY LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024






SAFE HANDS MOBILITY LIMITED (REGISTERED NUMBER: 04753697)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAFE HANDS MOBILITY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024







DIRECTORS: Mr N R Smith
Mrs S W Smith





REGISTERED OFFICE: 424 Margate Road
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 04753697





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

SAFE HANDS MOBILITY LIMITED (REGISTERED NUMBER: 04753697)

BALANCE SHEET
31 MARCH 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 285,018 149,331
285,018 149,331

CURRENT ASSETS
Stocks 6 117,808 104,845
Debtors 7 145,864 120,869
Cash at bank and in hand 102,797 217,107
366,469 442,821
CREDITORS
Amounts falling due within one year 8 (99,276 ) (114,437 )
NET CURRENT ASSETS 267,193 328,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,211

477,715

CREDITORS
Amounts falling due after more than one
year

9

(42,730

)

(31,570

)
NET ASSETS 509,481 446,145

CAPITAL AND RESERVES
Called up share capital 700,000 700,000
Retained earnings (190,519 ) (253,855 )
SHAREHOLDERS' FUNDS 509,481 446,145

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

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

SAFE HANDS MOBILITY LIMITED (REGISTERED NUMBER: 04753697)

BALANCE SHEET - continued
31 MARCH 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 17 September 2024 and were signed on its behalf by:




Mr N R Smith - Director



Mrs S W Smith - Director


SAFE HANDS MOBILITY LIMITED (REGISTERED NUMBER: 04753697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Safe Hands Mobility Limited is a private company, limited by shares , registered in Not specified/Other. 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of nil years.

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.

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.
Improvements to property - Straight line over 25 years
Plant and machinery - 15% on reducing balance
Fixture & Fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

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 period 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 HANDS MOBILITY LIMITED (REGISTERED NUMBER: 04753697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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 period was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 31 March 2024 192,707
AMORTISATION
At 1 May 2023
and 31 March 2024 192,707
NET BOOK VALUE
At 31 March 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Fixture &
property machinery Fittings
£    £    £   
COST
At 1 May 2023 144,489 4,374 37,348
Additions 120,433 - 8,088
At 31 March 2024 264,922 4,374 45,436
DEPRECIATION
At 1 May 2023 84,112 3,775 23,383
Charge for period 9,713 83 3,035
At 31 March 2024 93,825 3,858 26,418
NET BOOK VALUE
At 31 March 2024 171,097 516 19,018
At 30 April 2023 60,377 599 13,965

SAFE HANDS MOBILITY LIMITED (REGISTERED NUMBER: 04753697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 127,234 27,617 341,062
Additions 32,420 3,300 164,241
At 31 March 2024 159,654 30,917 505,303
DEPRECIATION
At 1 May 2023 55,886 24,575 191,731
Charge for period 14,268 1,455 28,554
At 31 March 2024 70,154 26,030 220,285
NET BOOK VALUE
At 31 March 2024 89,500 4,887 285,018
At 30 April 2023 71,348 3,042 149,331

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 60,726
Additions 32,420
At 31 March 2024 93,146
DEPRECIATION
At 1 May 2023 42,169
Charge for period 7,009
At 31 March 2024 49,178
NET BOOK VALUE
At 31 March 2024 43,968
At 30 April 2023 18,557

6. STOCKS
2024 2023
as restated
£    £   
Stocks 117,808 104,845

SAFE HANDS MOBILITY LIMITED (REGISTERED NUMBER: 04753697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 9,309 5,011
Sundry debtors 2,500 80
Directors' current accounts 23,192 31,081
VAT 19,333 28,966
Deferred tax asset 74,933 42,848
Prepayments and accrued income 16,597 12,883
145,864 120,869

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 4,877 -
Trade creditors 88,964 82,051
Social security and other taxes 8,648 5,775
Sundry creditors 21,787 26,611
Accruals and deferred income (25,000 ) -
99,276 114,437

Sundry creditors includes accruals of £1,965(2023 - £1,165), Christmas club and lottery creditor £3,872 (2023 - £3,421), HSBC company credit card balance of £3,082 (2023 - £2,286) and Advance receipt towards Customers £12,868 (2023 - £19,740).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,439 21,570
Hire purchase contracts 20,291 -
42,730 31,570

10. SECURED DEBTS

The bank loan is secured by a mortgage debenture over the company's assets.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S W Smith.

The ultimate controlling party is Mr N R Smith.

The company is controlled by its directors. There is no ultimate controlling party.