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Pure Safety Incentives Limited

Annual Report and Unaudited Financial Statements

for the Period from 16 February 2023 to 31 March 2024

 

Pure Safety Incentives Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Pure Safety Incentives Limited

Balance Sheet

31 March 2024

Note

2024
$

Current assets

 

Debtors

4

-

Capital and reserves

 

Called up share capital

5

-

Shareholders' funds/(deficit)

 

-

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 November 2024 and signed on its behalf by:
 

.........................................
J P Ameler
Director

Company Registration Number: 14667465

 

Pure Safety Incentives Limited

Notes to the Unaudited Financial Statements

Period from 16 February 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
87 The Hundred
Romsey
Hampshire
SO51 8BZ

These financial statements were authorised for issue by the Board on 13 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in US Dollars, rounded to the nearest whole US Dollar.

Disclosure of long or short period

The company was incorporated 16 February 2023 with a year end to 31 March 2024 to be coterminous with The Smithfield Group.

 

Pure Safety Incentives Limited

Notes to the Unaudited Financial Statements

Period from 16 February 2023 to 31 March 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Other debtors

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.


 

Pure Safety Incentives Limited

Notes to the Unaudited Financial Statements

Period from 16 February 2023 to 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Debtors

2024
$

-

Included in other debtor is $0.01 for unpaid share capital.

5

Share capital

Allotted, called up and fully paid shares

2024

No.

$

Ordinary Shares of $0.01 each

1

-

   

6

Parent and ultimate parent undertaking

The company's immediate parent is The Smithfield Group Limited, incorporated in England and Wales.