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Registered number: 07753239
Alive Safety & Rescue Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Gosforth Accountancy Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07753239
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,362 17,177
10,362 17,177
CURRENT ASSETS
Stocks 5 150,555 122,765
Debtors 6 13,041 2,129
Cash at bank and in hand 9,376 15,361
172,972 140,255
Creditors: Amounts Falling Due Within One Year 7 (74,729 ) (64,819 )
NET CURRENT ASSETS (LIABILITIES) 98,243 75,436
TOTAL ASSETS LESS CURRENT LIABILITIES 108,605 92,613
Creditors: Amounts Falling Due After More Than One Year 8 (135,144 ) (146,974 )
NET LIABILITIES (26,539 ) (54,361 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (27,539 ) (55,361 )
SHAREHOLDERS' FUNDS (26,539) (54,361)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Xinhua Li
Director
26/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Alive Safety & Rescue Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07753239 . The registered office is Unit 17 Stadium Industrial Park, Stadium Road, Gateshead, NE10 0XF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Straight Line over 5 years
Computer Equipment Straight Line over 3 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 36,009 463 36,472
As at 31 May 2024 36,009 463 36,472
Depreciation
As at 1 June 2023 18,833 462 19,295
Provided during the period 6,815 - 6,815
As at 31 May 2024 25,648 462 26,110
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 10,361 1 10,362
As at 1 June 2023 17,176 1 17,177
5. Stocks
2024 2023
£ £
Finished goods 150,555 122,765
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,072 -
Other debtors 2,969 2,129
13,041 2,129
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 60,638 50,607
Bank loans and overdrafts 10,648 10,648
Other taxes and social security 1,997 2,539
VAT 416 -
Accruals and deferred income 1,030 1,025
74,729 64,819
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 14,204 12,885
Bank loans 10,149 20,798
Directors loan account 10,501 11,501
Amounts owed to related parties 100,290 101,790
135,144 146,974
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4