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REGISTERED NUMBER: 08650771 (England and Wales)




























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: A J Graham
R N Womersley





REGISTERED OFFICE: Unit B9 Lowfields Close
Lowfields Business Park
Elland
West Yorkshire
HX5 9DX





REGISTERED NUMBER: 08650771 (England and Wales)





ACCOUNTANTS: Hanley & Co
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 7,010,459 7,010,459

CURRENT ASSETS
Debtors 2,442,107 2,232,122
Cash at bank 287,000 550,000
2,729,107 2,782,122
CREDITORS
Amounts falling due within one year 2,434,659 1,731,767
NET CURRENT ASSETS 294,448 1,050,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,304,907

8,060,814

CREDITORS
Amounts falling due after more than one
year

3,126,505

4,657,014
NET ASSETS 4,178,402 3,403,800

CAPITAL AND RESERVES
Called up share capital 378,788 378,788
Capital redemption reserve 21,212 21,212
Retained earnings 3,778,402 3,003,800
SHAREHOLDERS' FUNDS 7 4,178,402 3,403,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

R SAFETY PRODUCTS HOLDINGS LIMITED (REGISTERED NUMBER: 08650771)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 October 2024 and were signed on its behalf by:





R N Womersley - Director


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 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.

2. 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.

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 1,532,422 1,031,988

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 774,602 773,651
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.






Hanley & Co
Chartered Accountants
Suite 204 Ashton Old Baths
Stamford Street West
Ashton-under-Lyne
Lancashire
OL6 7FW


4 October 2024