2023-08-012024-07-312024-07-31false06565767SAFETYMEN 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SAFETYMEN LTD

Registered Number
06565767
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

SAFETYMEN LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

HEALEY, Graham Ronald
HEALEY, Grant

Company Secretary

HEALEY, Grant

Registered Address

9 Brunel Road
Gorse Lane Industrial Estate
Clacton-On-Sea
CO15 4LU

Registered Number

06565767 (England and Wales)
SAFETYMEN LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3241,658407,196
241,658407,196
Current assets
Debtors440,81383,078
Cash at bank and on hand231,26472,718
272,077155,796
Creditors amounts falling due within one year5(80,320)(41,627)
Net current assets (liabilities)191,757114,169
Total assets less current liabilities433,415521,365
Creditors amounts falling due after one year6(173,690)(252,431)
Net assets259,725268,934
Capital and reserves
Called up share capital2-
Profit and loss account259,723268,934
Shareholders' funds259,725268,934
The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2024, and are signed on its behalf by:
HEALEY, Grant
Director
Registered Company No. 06565767
SAFETYMEN LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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 to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year67
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 August 23355,92091,91330,16878,361556,362
Additions-1,031--1,031
Disposals(153,535)---(153,535)
At 31 July 24202,38592,94430,16878,361403,858
Depreciation and impairment
At 01 August 23-60,17822,88866,100149,166
Charge for year-8,1491,8203,06513,034
At 31 July 24-68,32724,70869,165162,200
Net book value
At 31 July 24202,38524,6175,4609,196241,658
At 31 July 23355,92031,7357,28012,261407,196
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables30,32335,324
Other debtors5,77642,689
Prepayments and accrued income4,7145,065
Total40,81383,078
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables16,7473,503
Taxation and social security60,30830,721
Other creditors3,2657,403
Total80,32041,627
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts144,250222,991
Other creditors29,44029,440
Total173,690252,431