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REGISTERED NUMBER: 03740451 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SAFETY MANAGEMENT SERVICES EUROPE
LIMITED

SAFETY MANAGEMENT SERVICES EUROPE
LIMITED (REGISTERED NUMBER: 03740451)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


SAFETY MANAGEMENT SERVICES EUROPE
LIMITED (REGISTERED NUMBER: 03740451)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,862 4,814

CURRENT ASSETS
Debtors 5 155,199 159,450
Cash at bank and in hand 62,520 70,912
217,719 230,362
CREDITORS
Amounts falling due within one year 6 104,710 90,706
NET CURRENT ASSETS 113,009 139,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,871

144,470

CREDITORS
Amounts falling due after more than one
year

7

(4,889

)

(9,004

)

PROVISIONS FOR LIABILITIES (1,216 ) (1,244 )
NET ASSETS 111,766 134,222

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 111,666 134,122
SHAREHOLDERS' FUNDS 111,766 134,222

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

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

SAFETY MANAGEMENT SERVICES EUROPE
LIMITED (REGISTERED NUMBER: 03740451)

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





Mr P Marsden - Director


SAFETY MANAGEMENT SERVICES EUROPE
LIMITED (REGISTERED NUMBER: 03740451)

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

1. STATUTORY INFORMATION

Safety Management Services Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03740451

Registered office: 40 Commercial Street
Tadcaster
North Yorkshire
LS24 8AA

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Turnover in respect of contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures, fittings & equipment - 15% on reducing balance
Computer equipment - 33% on cost

All fixed assets are initially recorded at cost.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Financial instruments
Bank loans are initially recognised at the present value of the future cash payments and are subsequently measured at amortised cost using the effective interest rate.

SAFETY MANAGEMENT SERVICES EUROPE
LIMITED (REGISTERED NUMBER: 03740451)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings Computer
machinery & equipment equipment Totals
£    £    £    £   
COST
At 1 April 2023 5,362 10,740 13,553 29,655
Additions - - 2,231 2,231
At 31 March 2024 5,362 10,740 15,784 31,886
DEPRECIATION
At 1 April 2023 2,800 9,748 12,293 24,841
Charge for year 641 149 1,393 2,183
At 31 March 2024 3,441 9,897 13,686 27,024
NET BOOK VALUE
At 31 March 2024 1,921 843 2,098 4,862
At 31 March 2023 2,562 992 1,260 4,814

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 124,151 141,617
Other debtors 63 -
Directors' current accounts 14,355 8,802
Tax 4,685 4,167
Prepayments and accrued income 11,945 4,864
155,199 159,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,115 4,050
Trade creditors 6,702 9,333
Social security and other taxes 46,368 31,639
VAT 42,982 42,923
Other creditors 1,432 -
Accruals and deferred income 3,111 2,761
104,710 90,706

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-5 years 4,889 9,004

SAFETY MANAGEMENT SERVICES EUROPE
LIMITED (REGISTERED NUMBER: 03740451)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 2,076 3,034
Between one and five years - 476
2,076 3,510

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director was advanced £5,825 and repaid £272 in the year. The total aggregate amount due from directors as at 31 March 2024 was £14,355 (2023: £8,802). No interest is charged on the loan and there are no formal repayment terms.

10. RELATED PARTY DISCLOSURES

Members of key management personnel have given a personal guarantee of £20,000 in respect of bank borrowings, from National Westminster Bank PLC.