SafenetUk Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
92,249
112,498
Cash at bank and in hand
69,378
4,912
Creditors: amounts falling due within one year
48,904
14,356
Net current assets
133,539
197,355
Total assets less current liabilities
225,788
309,853
Creditors: amounts falling due after more than one year
50,007
(56,000)
Net assets
275,795
253,853
Profit and loss account
275,795
253,853
Shareholders' funds
275,795
253,853
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2024 and were signed on its behalf by
Ian Harrison
Director
Company Registration No. 12974878
SafenetUk Ltd
Notes to the Accounts
for the year ended 31 October 2023
SafenetUk Ltd is a private company, limited by shares, registered in England and Wales, registration number 12974878. The registered office is 13 VAENOR STREET, ABERYSTWYTH, SY23 2EN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
87,540
67,524
155,064
Additions
5,687
27,236
32,923
At 31 October 2023
93,227
94,760
187,987
At 1 November 2022
28,116
14,450
42,566
Charge for the year
16,383
36,789
53,172
At 31 October 2023
44,499
51,239
95,738
At 31 October 2023
48,728
43,521
92,249
At 31 October 2022
59,424
53,074
112,498
SafenetUk Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Other debtors
(5,650)
43,902
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(48,904)
-
7
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
(50,007)
-
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).