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REGISTERED NUMBER: 06591219 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

INDEPENDENT SAFETY EVALUATION LTD

INDEPENDENT SAFETY EVALUATION LTD (REGISTERED NUMBER: 06591219)

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










Page

Balance sheet 1

Notes to the financial statements 2


INDEPENDENT SAFETY EVALUATION LTD (REGISTERED NUMBER: 06591219)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 74,238 67,900

Current assets
Debtors 5 92,939 99,529
Cash at bank 315,635 281,330
408,574 380,859
Creditors
Amounts falling due within one year 6 164,423 155,402
Net current assets 244,151 225,457
Total assets less current liabilities 318,389 293,357

Provisions for liabilities 7 15,044 11,938
Net assets 303,345 281,419

Capital and reserves
Called up share capital 8 16 16
Retained earnings 303,329 281,403
Shareholders' funds 303,345 281,419

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

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

The director acknowledges his 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2024 and were signed by:





Mr C L Dello - Director


INDEPENDENT SAFETY EVALUATION LTD (REGISTERED NUMBER: 06591219)

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


1. Statutory information

Independent Safety Evaluation Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06591219. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is 45 Balena Close, Poole, Dorset, BH17 7DY.

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 represents amounts receivable, net of VAT, in respect of lift inspection services and health and safety consultancy provided. Turnover is recognised once the service has been provided to the customer.

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

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 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.

Hire purchase and 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

INDEPENDENT SAFETY EVALUATION LTD (REGISTERED NUMBER: 06591219)

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


4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 June 2023 26,736 99,273 9,093 135,102
Additions - 36,631 2,698 39,329
Disposals - (9,160 ) (300 ) (9,460 )
At 31 May 2024 26,736 126,744 11,491 164,971
Depreciation
At 1 June 2023 19,345 42,811 5,046 67,202
Charge for year 1,108 20,983 1,669 23,760
Eliminated on disposal - - (229 ) (229 )
At 31 May 2024 20,453 63,794 6,486 90,733
Net book value
At 31 May 2024 6,283 62,950 5,005 74,238
At 31 May 2023 7,391 56,462 4,047 67,900

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 88,298 95,984
Prepayments and accrued income 4,641 3,545
92,939 99,529

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 56,176 32,569
Tax 16,050 18,541
Pensions - 44
VAT 16,626 20,612
Other creditors - 603
Directors' current accounts 2,726 11,487
Accruals and deferred income 72,845 71,546
164,423 155,402

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 15,044 11,938

INDEPENDENT SAFETY EVALUATION LTD (REGISTERED NUMBER: 06591219)

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


7. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 June 2023 11,938
Provided during year 3,106
Balance at 31 May 2024 15,044

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
16 Ordinary £1 16 16

9. Ultimate controlling party

The company is controlled by the director, Mr C Dello, who owns 100% of the issued share capital.