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REGISTERED NUMBER: 01358881 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

STATIC SAFE ENVIRONMENTS LIMITED

STATIC SAFE ENVIRONMENTS LIMITED (REGISTERED NUMBER: 01358881)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


STATIC SAFE ENVIRONMENTS LIMITED (REGISTERED NUMBER: 01358881)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,805 5,222

CURRENT ASSETS
Stocks 5 135,940 126,528
Debtors 6 196,762 212,160
Cash at bank 1,105,114 958,079
1,437,816 1,296,767
CREDITORS
Amounts falling due within one year 7 317,760 354,098
NET CURRENT ASSETS 1,120,056 942,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,128,861

947,891

PROVISIONS FOR LIABILITIES 2,200 1,300
NET ASSETS 1,126,661 946,591

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,126,561 946,491
SHAREHOLDERS' FUNDS 1,126,661 946,591

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 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.

STATIC SAFE ENVIRONMENTS LIMITED (REGISTERED NUMBER: 01358881)

BALANCE SHEET - continued
31 JANUARY 2024


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 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 25 October 2024 and were signed on its behalf by:




T N P Welch - Director



P Dickins - Director


STATIC SAFE ENVIRONMENTS LIMITED (REGISTERED NUMBER: 01358881)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Static Safe Environments Limited is a private company limited by shares and incorporated in England, registered number 01358881. Its registered office is SSE House, Bromley Street, Stourbridge, West Midlands, England, DY9 8HZ.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 33% on cost and 20% on cost

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value as follows:
Finished goods - purchase cost on a first in, first out basis
Consumables - purchase cost on a first in, first out basis
Work in progress - cost of direct materials and labour

Financial instruments
Basic financial liabilities, including trade and other debtors and creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts or payments discounted at a market rate of interest.

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.


STATIC SAFE ENVIRONMENTS LIMITED (REGISTERED NUMBER: 01358881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Job retention scheme
Amounts receivable under the Coronavirus Job Retention Scheme have been accounted for on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 February 2023 5,697 9,585 30,730 46,012
Additions - - 6,244 6,244
At 31 January 2024 5,697 9,585 36,974 52,256
DEPRECIATION
At 1 February 2023 4,811 8,758 27,221 40,790
Charge for year 552 - 2,109 2,661
At 31 January 2024 5,363 8,758 29,330 43,451
NET BOOK VALUE
At 31 January 2024 334 827 7,644 8,805
At 31 January 2023 886 827 3,509 5,222

STATIC SAFE ENVIRONMENTS LIMITED (REGISTERED NUMBER: 01358881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. STOCKS
31.1.24 31.1.23
£    £   
Consumables 1,050 1,137
Raw materials 30,565 19,633
Work-in-progress 4,251 11,907
Finished goods 100,074 93,851
135,940 126,528

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 191,732 206,328
Other debtors 5,030 5,832
196,762 212,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 152,102 170,595
Amounts owed to group undertakings 345 -
Taxation and social security 107,527 89,589
Other creditors 57,786 93,914
317,760 354,098