REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
R SAFETY PRODUCTS HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
R SAFETY PRODUCTS HOLDINGS LIMITED |
R SAFETY PRODUCTS HOLDINGS LIMITED (REGISTERED NUMBER: 08650771) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 6 |
R SAFETY PRODUCTS HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Suite 204 Ashton Old Baths |
Stamford Street West |
Ashton-under-Lyne |
Lancashire |
OL6 7FW |
R SAFETY PRODUCTS HOLDINGS LIMITED (REGISTERED NUMBER: 08650771) |
ABRIDGED BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS | 7 |
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. |
R SAFETY PRODUCTS HOLDINGS LIMITED (REGISTERED NUMBER: 08650771) |
ABRIDGED BALANCE SHEET - continued |
31 MARCH 2024 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
R SAFETY PRODUCTS HOLDINGS LIMITED (REGISTERED NUMBER: 08650771) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
R Safety Products Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about R Safety Products Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 | 7,010,459 |
NET BOOK VALUE |
At 31 March 2024 | 7,010,459 |
At 31 March 2023 | 7,010,459 |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
All of the above are secured by fixed and floating charges against the Company's assets. |
R SAFETY PRODUCTS HOLDINGS LIMITED (REGISTERED NUMBER: 08650771) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
6. | RELATED PARTY DISCLOSURES |
The company received a loan from its subsidiary Reece Safety Products Ltd which is interest free. The balance at 31 March 2024 is £560,965 (2023 - £1,431,502). |
The company received a loan from its subsidiary Italian Locking Systems Ltd which is interest free. The balance at 31 March 2024 is £837,992 (2023 - £455,544). |
The company received a loan from its subsidiary Reece Safety Training & Consultancy Limited which is interest free. The balance at 31 March 2024 is £1,227,719 (2023 - £849,967). |
The company received an interest bearing loan with no fixed repayments from a director. The balance at 31 March 2024 is £499,829 (2023 - £1,920,000). |
Included within other debtors is an interest bearing loan to a related company. The balance at 31 March 2024 is £2,442,107 (2023 - £2,232,122). |
7. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
2024 | 2023 |
£ | £ |
Profit for the financial year |
Opening shareholders' funds | - | 2,630,149 |
Net addition to shareholders' funds | 774,602 | 3,403,800 |
Opening shareholders' funds | 3,403,800 | - |
Closing shareholders' funds | 4,178,402 | 3,403,800 |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
R SAFETY PRODUCTS HOLDINGS LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R Safety Products Holdings Limited for the year ended 31 March 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of R Safety Products Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R Safety Products Holdings Limited and state those matters that we have agreed to state to the Board of Directors of R Safety Products Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R Safety Products Holdings Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that R Safety Products Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R Safety Products Holdings Limited. You consider that R Safety Products Holdings Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of R Safety Products Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
Suite 204 Ashton Old Baths |
Stamford Street West |
Ashton-under-Lyne |
Lancashire |
OL6 7FW |