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REGISTERED NUMBER: 01387726 (England and Wales)















ASPLI SAFETY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






ASPLI SAFETY LIMITED (REGISTERED NUMBER: 01387726)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPLI SAFETY LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr J S Heaton
Mrs J S Lowery
Mr S J Warner



SECRETARY: Mrs J S Lowery



REGISTERED OFFICE: 211 Hunslet Road
Leeds
West Yorkshire
LS10 1PF



REGISTERED NUMBER: 01387726 (England and Wales)



ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS



BANKERS: HSBC Bank Plc
2 Cloth Hall Street
Huddersfield
HD1 2ES



SOLICITORS: Bailey Smailes Heap Marshall
6 New North Parade
Huddersfield
HD1 5JP

ASPLI SAFETY LIMITED (REGISTERED NUMBER: 01387726)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 377,372 404,077

CURRENT ASSETS
Stocks 324,639 361,167
Debtors 5 170,470 133,951
Cash at bank and in hand 432,783 523,050
927,892 1,018,168
CREDITORS
Amounts falling due within one year 6 (615,241 ) (710,498 )
NET CURRENT ASSETS 312,651 307,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

690,023

711,747

CREDITORS
Amounts falling due after more than one year 7 (14,806 ) (24,946 )

PROVISIONS FOR LIABILITIES 9 (9,107 ) (13,276 )
NET ASSETS 666,110 673,525

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 10 202,580 202,580
Capital redemption reserve 10,000 10,000
Retained earnings 453,430 460,845
SHAREHOLDERS' FUNDS 666,110 673,525

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

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

ASPLI SAFETY LIMITED (REGISTERED NUMBER: 01387726)

BALANCE SHEET - continued
31 December 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 14 November 2024 and were signed on its behalf by:





Mr J S Heaton - Director


ASPLI SAFETY LIMITED (REGISTERED NUMBER: 01387726)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Aspli Safety 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of accounting
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 as modified by the revaluation of certain assets.

Turnover
Turnover is recognised on the supply of goods to the customer net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, and accruals are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


ASPLI SAFETY LIMITED (REGISTERED NUMBER: 01387726)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

ASPLI SAFETY LIMITED (REGISTERED NUMBER: 01387726)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 453,518 293,757 747,275
Additions - 120 120
At 31 December 2023 453,518 293,877 747,395
DEPRECIATION
At 1 January 2023 115,865 227,333 343,198
Charge for year 7,250 19,575 26,825
At 31 December 2023 123,115 246,908 370,023
NET BOOK VALUE
At 31 December 2023 330,403 46,969 377,372
At 31 December 2022 337,653 66,424 404,077

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2007 450,000 - 450,000
Cost 3,518 293,877 297,395
453,518 293,877 747,395

If freehold property had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 274,007 274,007
Aggregate depreciation 63,278 59,547

Freehold property was valued on an open market basis on 16 November 2007 by Eddisons .

ASPLI SAFETY LIMITED (REGISTERED NUMBER: 01387726)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 161,274 124,965
Other debtors 9,196 8,986
170,470 133,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,140 9,890
Trade creditors 331,854 281,922
Taxation and social security 203,880 170,048
Other creditors 69,367 248,638
615,241 710,498

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,806 24,946

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 24,946 34,836
Mr C & Mrs B Heaton 11,888 164,607
36,834 199,443

Bounceback loans are secured by the government.

The loans from Mr C & Mrs B Heaton are secured against the property.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Excess of taxation allowances over
depreciation on fixed assets

9,107

13,276

ASPLI SAFETY LIMITED (REGISTERED NUMBER: 01387726)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 13,276
Credit to Income Statement during year (4,169 )
Balance at 31 December 2023 9,107

10. RESERVES
Non-distributable
reserves
£   
At 1 January 2023
and 31 December 2023 202,580

11. RELATED PARTY DISCLOSURES

Directors loans totalling £20,472 (2022: £34,966) were due to the Directors at 31 December 2023, and will be repaid when funds permit.

Loans totalling £11,888 (2022: £164,607) were due to shareholders at 31 December 2023 and will be repaid when funds permit. Interest is paid on the loans at a commercial rate.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J S Heaton.