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REGISTERED NUMBER: SC611367 (Scotland)











Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Safe Influx Ltd

Safe Influx Ltd (Registered number: SC611367)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Safe Influx Ltd

Company Information
for the year ended 31 October 2023







DIRECTORS: B W Atchison
J Macgillivray





REGISTERED OFFICE: 28 Albyn Place
Aberdeen
AB10 1YL





REGISTERED NUMBER: SC611367 (Scotland)





ACCOUNTANTS: Grampian Accounting
3 Prospect Place
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6SY

Safe Influx Ltd (Registered number: SC611367)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 129,190 119,512
Tangible assets 4 410 518
Investments 5 1 1
129,601 120,031

CURRENT ASSETS
Stocks 254,447 244,347
Debtors 6 534 1,015
Cash at bank 9,298 8,140
264,279 253,502
CREDITORS
Amounts falling due within one year 7 270,074 252,444
NET CURRENT (LIABILITIES)/ASSETS (5,795 ) 1,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,806

121,089

CREDITORS
Amounts falling due after more than one year 8 85,366 -
NET ASSETS 38,440 121,089

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 349,965 349,965
Retained earnings (311,625 ) (228,976 )
38,440 121,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Safe Influx Ltd (Registered number: SC611367)

Balance Sheet - continued
31 October 2023


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 4 October 2024 and were signed on its behalf by:





B W Atchison - Director


Safe Influx Ltd (Registered number: SC611367)

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

1. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 3 ).

Safe Influx Ltd (Registered number: SC611367)

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

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022 155,980
Additions 22,940
At 31 October 2023 178,920
AMORTISATION
At 1 November 2022 36,468
Charge for year 13,262
At 31 October 2023 49,730
NET BOOK VALUE
At 31 October 2023 129,190
At 31 October 2022 119,512

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 1,083
DEPRECIATION
At 1 November 2022 565
Charge for year 108
At 31 October 2023 673
NET BOOK VALUE
At 31 October 2023 410
At 31 October 2022 518

Safe Influx Ltd (Registered number: SC611367)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 1
NET BOOK VALUE
At 31 October 2023 1
At 31 October 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 534 1,015

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 34,920 9,229
Taxation and social security 8,537 7,938
Other creditors 226,617 235,277
270,074 252,444

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other creditors 85,366 -