Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1879truetruefalse 05025837 2023-04-01 2024-03-31 05025837 2022-04-01 2023-03-31 05025837 2024-03-31 05025837 2023-03-31 05025837 c:Director1 2023-04-01 2024-03-31 05025837 c:Director2 2023-04-01 2024-03-31 05025837 d:PlantMachinery 2023-04-01 2024-03-31 05025837 d:PlantMachinery 2024-03-31 05025837 d:PlantMachinery 2023-03-31 05025837 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05025837 d:FurnitureFittings 2023-04-01 2024-03-31 05025837 d:FurnitureFittings 2024-03-31 05025837 d:FurnitureFittings 2023-03-31 05025837 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05025837 d:ComputerEquipment 2023-04-01 2024-03-31 05025837 d:ComputerEquipment 2024-03-31 05025837 d:ComputerEquipment 2023-03-31 05025837 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05025837 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05025837 d:CurrentFinancialInstruments 2024-03-31 05025837 d:CurrentFinancialInstruments 2023-03-31 05025837 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05025837 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05025837 d:ShareCapital 2024-03-31 05025837 d:ShareCapital 2023-03-31 05025837 d:RetainedEarningsAccumulatedLosses 2024-03-31 05025837 d:RetainedEarningsAccumulatedLosses 2023-03-31 05025837 c:FRS102 2023-04-01 2024-03-31 05025837 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05025837 c:FullAccounts 2023-04-01 2024-03-31 05025837 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05025837 2 2023-04-01 2024-03-31 05025837 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05025837









SAFE 4 U LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SAFE 4 U LIMITED
REGISTERED NUMBER: 05025837

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,998
15,998

  
11,998
15,998

Current assets
  

Debtors: amounts falling due within one year
 5 
426,216
414,140

Cash at bank and in hand
 6 
12,086
43,969

  
438,302
458,109

Creditors: amounts falling due within one year
 7 
(445,041)
(425,177)

Net current (liabilities)/assets
  
 
 
(6,739)
 
 
32,932

Total assets less current liabilities
  
5,259
48,930

Provisions for liabilities
  

Deferred tax
  
(19)
(19)

  
 
 
(19)
 
 
(19)

Net assets
  
5,240
48,911


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
5,140
48,811

  
5,240
48,911


Page 1

 
SAFE 4 U LIMITED
REGISTERED NUMBER: 05025837
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their 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 on 29 January 2025.




................................................
K Goldin
................................................
G Yedid
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SAFE 4 U LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Safe 4 U Limited is private company limited by shares. The company is incorporated in England and Wales and its registered office address is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 05025837.

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:

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
SAFE 4 U LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

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:

Plant & machinery
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance
Computer equipment
-
25% reducing balance

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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
SAFE 4 U LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
SAFE 4 U LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 79).


4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
4,335
46,442
12,220
62,997



At 31 March 2024

4,335
46,442
12,220
62,997



Depreciation


At 1 April 2023
3,664
39,815
3,521
47,000


Charge for the year on owned assets
167
1,657
2,175
3,999



At 31 March 2024

3,831
41,472
5,696
50,999



Net book value



At 31 March 2024
504
4,970
6,524
11,998



At 31 March 2023
671
6,628
8,699
15,998

Page 6

 
SAFE 4 U LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
370,109
351,741

Other debtors
33,701
13,928

Prepayments and accrued income
22,406
48,471

426,216
414,140



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,086
43,969

12,086
43,969



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
61,259
72,418

Corporation tax
66,082
53,209

Other taxation and social security
196,818
250,127

Other creditors
85,126
4,866

Accruals and deferred income
35,756
44,557

445,041
425,177


 
Page 7