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REGISTERED NUMBER: 13780415 (England and Wales)















SAFLA LIMITED

Financial Statements

for the Year Ended 31 December 2023






SAFLA LIMITED (REGISTERED NUMBER: 13780415)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


SAFLA LIMITED (REGISTERED NUMBER: 13780415)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 5 272 306

Current assets
Prepayments and accrued income 1,419 1,339
Cash at bank 19,557 19,984
20,976 21,323
Creditors
Amounts falling due within one year 6 114,279 73,231
Net current liabilities (93,303 ) (51,908 )
Total assets less current liabilities (93,031 ) (51,602 )

Capital and reserves
Called up share capital 1 1
Retained earnings (93,032 ) (51,603 )
(93,031 ) (51,602 )

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.

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 5 July 2024 and were signed on its behalf by:





G Foti - Director


SAFLA LIMITED (REGISTERED NUMBER: 13780415)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Safla 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: 13780415

Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Going concern
The company made a loss in the period. However the directors believe it is appropriate to prepare the accounts on a going concern basis as it will begin to generate income in the subsequent period. In the meantime the company has been financed by an interest free loan which will only be called for repayment when the company is in a position to do so. The directors believe that further funding in the short term will be made available as required.

4. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

5. Intangible fixed assets
Patents and
licences
£
Cost
At 1 January 2023
and 31 December 2023 340
Amortisation
At 1 January 2023 34
Amortisation for year 34
At 31 December 2023 68
Net book value
At 31 December 2023 272
At 31 December 2022 306

SAFLA LIMITED (REGISTERED NUMBER: 13780415)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Creditors: amounts falling due within one year
2023 2022
£ £
Other loans 109,479 69,999
Accruals and deferred income 4,800 3,232
114,279 73,231

7. Related party disclosures

The other loan has been provided by the shareholder and ultimate controlling party, Chris Evans - it is unsecured and interest free and as noted will only be called for repayment when the company is in a position to do so.