Registered number
10035395
Safer HomesLimited
Filleted Accounts
31 March 2024
Safer HomesLimited
Registered number: 10035395
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 38,000 44,500
Tangible assets 4 453 907
38,453 45,407
Current assets
Debtors 5 5,559 10,566
Cash at bank and in hand 11,436 1,854
16,995 12,420
Creditors: amounts falling due within one year 6 (81,126) (80,683)
Net current liabilities (64,131) (68,263)
Total assets less current liabilities (25,678) (22,856)
Creditors: amounts falling due after more than one year 7 (496,304) (505,017)
Net liabilities (521,982) (527,873)
Capital and reserves
Called up share capital 1 1
Profit and loss account (521,983) (527,874)
Shareholders' funds (521,982) (527,873)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen Dennis Wright
Director
Approved by the board on 30 November 2024
Safer HomesLimited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is the value of invoices raised to clients for services, net of discounts and value added taxes. A cost provision equivalent to the estimated cost of service is provided at the year end in relation to any turnover invoiced not yet fully delivered.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Technology infrastructure
Cost
At 1 April 2023 54,500
Additions 3,500
At 31 March 2024 58,000
Amortisation
At 1 April 2023 10,000
Provided during the year 10,000
At 31 March 2024 20,000
Net book value
At 31 March 2024 38,000
At 31 March 2023 44,500
Technology infrastructure amortisation commences in the year after acquistion in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,269
At 31 March 2024 2,269
Depreciation
At 1 April 2023 1,362
Charge for the year 454
At 31 March 2024 1,816
Net book value
At 31 March 2024 453
At 31 March 2023 907
5 Debtors 2024 2023
£ £
Trade debtors 5,558 10,565
Other debtors 1 1
5,559 10,566
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 1,223
Trade creditors 39,048 39,438
Taxation and social security costs 4,233 7,847
Other creditors 37,845 32,175
81,126 80,683
7 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 496,304 505,017
8 Other information
Safer HomesLimited is a private company limited by shares and incorporated in England. Its registered office is:
1 Beaconsfield Road
Claygate
Esher
Surrey
KT10 0PN
9 Holding Company
Safer Homes Limited is a wholly owned subsidiary of Safer Group Limited
whose registered office is:-
1 Beaconsfield Road
Claygate
Esher
Surrey
KT10 0PN
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