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REGISTERED NUMBER: 13828887 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

SAFOSK Limited

SAFOSK Limited (Registered number: 13828887)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SAFOSK Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Dr I Usmani





REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS





REGISTERED NUMBER: 13828887 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

SAFOSK Limited (Registered number: 13828887)

Statement of Financial Position
31 January 2024

31/1/24 31/1/23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,415 15,242
Cash at bank 2,484 7,915
3,899 23,157
CREDITORS
Amounts falling due within one year 5 3,857 4,399
NET CURRENT ASSETS 42 18,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

42

18,758

CAPITAL AND RESERVES
Called up share capital 6 15 10
Retained earnings 27 18,748
SHAREHOLDERS' FUNDS 42 18,758

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 29 October 2024 and were signed by:





Dr I Usmani - Director


SAFOSK Limited (Registered number: 13828887)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

SAFOSK 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.

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

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Other debtors 1,415 15,242

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 42 -
Taxation and social security 3,095 4,399
Other creditors 720 -
3,857 4,399

SAFOSK Limited (Registered number: 13828887)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
10 Ordinary £1 10 10
5 Ordinary A £1 5 -
15 10

5 Ordinary A shares of £1 each were allotted and fully paid for cash at par during the year.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

31/1/24 31/1/23
£    £   
Dr I Usmani
Balance outstanding at start of year 15,232 -
Amounts advanced 1,399 15,232
Amounts repaid (15,232 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,399 15,232

The unsecured loan to the director was interest free and was repaid within 9 months of the prior year end.