smallAccCompHo_0921.xslt
Company Registration No. 12323322 (England and Wales)
CONNECTED SAFETY NET LIMITED
Financial Statements
for the Period from 01 December 2023 to 30 November 2024

CONNECTED SAFETY NET LIMITED

Financial Statements for the period ending 30 November 2024

CONNECTED SAFETY NET LIMITED

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

1. Statutory Information
CONNECTED SAFETY NET LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12323322.
2. Accounting Policies
Basis of preparing the Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Irelandand the Companies Act 2006.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value-added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.Turnover is reduced for estimated customer returns, rebates and other similar allowances.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

CONNECTED SAFETY NET LIMITED

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

Current Tax
Income tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferredtax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Tangible Fixed Asset Policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Computer Equipment 20% Cost

CONNECTED SAFETY NET LIMITED

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

Intangible Asset Policy
Intellectual property assets are software. It is amortised at 1% cost per annum.

CONNECTED SAFETY NET LIMITED

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 5
2023 4
4. Principal Activity
The principal activity of the company continued to be that of other business support service activities not elsewhere classified

CONNECTED SAFETY NET LIMITED

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

5. Intangible Assets
Other Total
Cost £ £
At 01/12/2023 241,268 241,268
Additions - -
Disposals - -
Revaluations - -
At 30/11/2024 241,268 241,268
Amortisation
At 01/12/2023 26,518 26,518
Charge for the Year 2,412 2,412
On Disposals - -
Other increases/(decreases) - -
At end of period 28,930 28,930
Net book value
At 30/11/2024 212,338 212,338
At 30/11/2023 214,750 214,750
6. Fixed Assets
Computer Equipment Total
Cost or valuation £ £
At 01/12/2023 26,518 26,518
Additions 1,882 1,882
At 30/11/2024 28,400 28,400
Depreciation
At 01/12/2023 8,264 8,264
Charge for the year 3,120 3,120
At 30/11/2024 11,384 11,384
Net Book Value
At 30/11/2024 17,016 17,016
At 30/11/2023 18,254 18,254

CONNECTED SAFETY NET LIMITED

Financial Statements for the period ending 30 November 2024

Notes to the Accounts

7. Investments
Investments in Subsidiaries Other Investments - Listed Other Investments -Unlisted Total
£ £ £ £
Valuation at 01/12/2023 - - 24,462 24,462
Additions - - - -
Disposals - - - -
Adjustments - - - -
Valuation at 30/11/2024 - - 24,462 24,462