Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-02-011618truefalse 05222875 2023-02-01 2024-01-31 05222875 2022-02-01 2023-01-31 05222875 2024-01-31 05222875 2023-01-31 05222875 c:Director1 2023-02-01 2024-01-31 05222875 d:Buildings 2023-02-01 2024-01-31 05222875 d:Buildings 2024-01-31 05222875 d:Buildings 2023-01-31 05222875 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05222875 d:PlantMachinery 2023-02-01 2024-01-31 05222875 d:PlantMachinery 2024-01-31 05222875 d:PlantMachinery 2023-01-31 05222875 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05222875 d:FurnitureFittings 2023-02-01 2024-01-31 05222875 d:FurnitureFittings 2024-01-31 05222875 d:FurnitureFittings 2023-01-31 05222875 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05222875 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05222875 d:Goodwill 2023-02-01 2024-01-31 05222875 d:Goodwill 2024-01-31 05222875 d:Goodwill 2023-01-31 05222875 d:CurrentFinancialInstruments 2024-01-31 05222875 d:CurrentFinancialInstruments 2023-01-31 05222875 d:Non-currentFinancialInstruments 2024-01-31 05222875 d:Non-currentFinancialInstruments 2023-01-31 05222875 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05222875 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05222875 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 05222875 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 05222875 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 05222875 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 05222875 d:ShareCapital 2024-01-31 05222875 d:ShareCapital 2023-01-31 05222875 d:OtherMiscellaneousReserve 2024-01-31 05222875 d:OtherMiscellaneousReserve 2023-01-31 05222875 d:RetainedEarningsAccumulatedLosses 2024-01-31 05222875 d:RetainedEarningsAccumulatedLosses 2023-01-31 05222875 c:FRS102 2023-02-01 2024-01-31 05222875 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05222875 c:FullAccounts 2023-02-01 2024-01-31 05222875 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05222875 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-01-31 05222875 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 05222875







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


SAFETOTS LIMITED






































img7743.png                        

 


SAFETOTS LIMITED
REGISTERED NUMBER:05222875



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
10,500
14,000

Tangible assets
 5 
2,740,043
2,718,438

  
2,750,543
2,732,438

Current assets
  

Stocks
  
978,659
1,250,070

Debtors: amounts falling due within one year
 6 
314,699
336,629

Cash at bank and in hand
  
549,981
414,228

  
1,843,339
2,000,927

Creditors: amounts falling due within one year
 7 
(431,351)
(529,517)

Net current assets
  
 
 
1,411,988
 
 
1,471,410

Total assets less current liabilities
  
4,162,531
4,203,848

Creditors: amounts falling due after more than one year
 8 
(1,073,651)
(1,091,401)

Provisions for liabilities
  

Deferred tax
  
(399,006)
(393,993)

  
 
 
(399,006)
 
 
(393,993)

Net assets
  
2,689,874
2,718,454


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
1,168,150
1,168,150

Profit and loss account
  
1,521,624
1,550,204

  
2,689,874
2,718,454


Page 1

 


SAFETOTS LIMITED
REGISTERED NUMBER:05222875


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P M Boast
Director

Date: 20 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


SAFETOTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

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

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 


SAFETOTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 


SAFETOTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33% and 20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all
of its financial instruments.
Financial instruments are recognised in the companys statement of financial position when the company
becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 18).


4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
35,000



At 31 January 2024

35,000



Amortisation


At 1 February 2023
21,000


Charge for the year on owned assets
3,500



At 31 January 2024

24,500



Net book value



At 31 January 2024
10,500



At 31 January 2023
14,000

Page 5

 


SAFETOTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
 
           4.Intangible assets (continued)




5.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 February 2023
2,700,000
157,029
37,183
2,894,212


Additions
-
17,100
16,296
33,396



At 31 January 2024

2,700,000
174,129
53,479
2,927,608



Depreciation


At 1 February 2023
-
145,019
30,755
175,774


Charge for the year on owned assets
-
7,802
3,989
11,791



At 31 January 2024

-
152,821
34,744
187,565



Net book value



At 31 January 2024
2,700,000
21,308
18,735
2,740,043



At 31 January 2023
2,700,000
12,010
6,428
2,718,438


6.


Debtors

2024
2023
£
£


Trade debtors
300,590
322,330

Other debtors
8,284
8,874

Prepayments and accrued income
5,825
5,425

314,699
336,629


Page 6

 


SAFETOTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
46,904
57,715

Other loans
46,777
110,390

Trade creditors
87,284
85,424

Corporation tax
48,345
8,290

Other taxation and social security
97,151
137,236

Other creditors
21,919
19,815

Accruals and deferred income
82,971
110,647

431,351
529,517



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
115,561
150,484

Other loans
187,107
441,560

Other creditors
770,983
499,357

1,073,651
1,091,401


The following liabilities were secured:

2024
2023
£
£



Mortgages
1,004,867
1,051,307

1,004,867
1,051,307

Details of security provided:

The company has allowed a fixed charge over the company's assets, including the freehold land and buildings
with a carrying amount of £2,700,000 (2023: £2,700,000), as security for the bank loan.

Page 7

 


SAFETOTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
46,904
57,715

Other loans
46,777
110,390


93,681
168,105

Amounts falling due 1-2 years

Bank loans
115,561
150,484

Other loans
187,107
441,560


302,668
592,044



396,349
760,149


 
Page 8