Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falsetrueNo description of principal activity11false 04768902 2023-04-01 2024-03-31 04768902 2022-04-01 2023-03-31 04768902 2024-03-31 04768902 2023-03-31 04768902 c:Director1 2023-04-01 2024-03-31 04768902 d:Buildings 2023-04-01 2024-03-31 04768902 d:Buildings 2024-03-31 04768902 d:Buildings 2023-03-31 04768902 d:MotorVehicles 2023-04-01 2024-03-31 04768902 d:MotorVehicles 2024-03-31 04768902 d:MotorVehicles 2023-03-31 04768902 d:CurrentFinancialInstruments 2024-03-31 04768902 d:CurrentFinancialInstruments 2023-03-31 04768902 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04768902 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04768902 d:ShareCapital 2024-03-31 04768902 d:ShareCapital 2023-03-31 04768902 d:RevaluationReserve 2024-03-31 04768902 d:RevaluationReserve 2023-03-31 04768902 d:RetainedEarningsAccumulatedLosses 2024-03-31 04768902 d:RetainedEarningsAccumulatedLosses 2023-03-31 04768902 c:FRS102 2023-04-01 2024-03-31 04768902 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04768902 c:FullAccounts 2023-04-01 2024-03-31 04768902 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04768902 5 2023-04-01 2024-03-31 04768902 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 04768902







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


SAFEBOX LIMITED






































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SAFEBOX LIMITED
REGISTERED NUMBER:04768902



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
724,849
724,849

  
724,849
724,849

Current assets
  

Debtors: amounts falling due within one year
 5 
166,028
160,963

Cash at bank and in hand
  
725
525

  
166,753
161,488

Creditors: amounts falling due within one year
 6 
(2,085)
(2,085)

Net current assets
  
 
 
164,668
 
 
159,403

Total assets less current liabilities
  
889,517
884,252

  

Net assets
  
889,517
884,252


Capital and reserves
  

Called up share capital 
  
1
1

Revaluation reserve
  
279,166
279,166

Profit and loss account
  
610,350
605,085

  
889,517
884,252


Page 1

 


SAFEBOX LIMITED
REGISTERED NUMBER:04768902


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M C J Holme
Director

Date: 3 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


SAFEBOX LIMITED
 


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

1.


General information

Safebox 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income is recognised in the income statement on a straight line basis over the year in which the rental relates.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


SAFEBOX LIMITED
 


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

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Motor vehicles
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 


SAFEBOX LIMITED
 


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

4.


Tangible fixed assets





Freehold property
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
724,849
1,700
726,549



At 31 March 2024

724,849
1,700
726,549



Depreciation


At 1 April 2023
-
1,700
1,700



At 31 March 2024

-
1,700
1,700



Net book value



At 31 March 2024
724,849
-
724,849



At 31 March 2023
724,849
-
724,849

Cost or valuation at 31 March 2024 is as follows:

Land and buildings
£


At cost
445,683

Revaluation reserve
279,166



724,849

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
445,683
445,683

Net book value
445,683
445,683

Page 5

 


SAFEBOX LIMITED
 


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

5.


Debtors

2024
2023
£
£


Amounts owed by connected companies
165,903
160,838

Other debtors
125
125

166,028
160,963



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,235
1,235

Accruals and deferred income
850
850

2,085
2,085



7.


Related party transactions

At the balance sheet date the director owed £126 (2023: £126) to the company. The balance can be found within debtors. The maximum balance outstanding in the year was £126. 
At the balance sheet date the company was owed £165,903 (2023: £160,838) by companies under common control. These balances can be found within debtors and are free of interest.

 
Page 6