1 May 2023 false Taxfiler 2024.6 10713326business:PrivateLimitedCompanyLtd2023-05-012024-04-30 107133262023-04-30 107133262023-05-012024-04-30 10713326business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 10713326business:FilletedAccounts2023-05-012024-04-30 107133262024-04-30 10713326business:Director12023-05-012024-04-30 10713326business:Director22023-05-012024-04-30 10713326business:Director32023-05-012024-04-30 10713326business:Director42023-05-012024-04-30 10713326business:Director52023-05-012024-04-30 10713326business:RegisteredOffice2023-05-012024-04-30 107133262023-04-30 10713326core:WithinOneYear2024-04-30 10713326core:WithinOneYear2023-04-30 10713326core:AfterOneYear2024-04-30 10713326core:AfterOneYear2023-04-30 10713326core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 10713326core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 10713326core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 10713326core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 10713326core:PreviouslyStatedAmount2024-04-30 10713326core:PreviouslyStatedAmount2023-04-30 10713326business:SmallEntities2023-05-012024-04-30 10713326countries:EnglandWales2023-05-012024-04-30 10713326core:MotorVehicles2023-05-012024-04-30 10713326core:MotorVehicles2023-04-30 10713326core:MotorVehicles2024-04-30 10713326business:OrdinaryShareClass12023-05-012024-04-30 10713326business:OrdinaryShareClass12022-05-012023-04-30 107133262022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10713326 (England and Wales)
Safehaven South Wales Limited Unaudited accounts for the year ended 30 April 2024
Safehaven South Wales Limited Unaudited accounts Contents
Page
- 2 -
Safehaven South Wales Limited Company Information for the year ended 30 April 2024
Directors
Sarah Greatrex Debby Stephenson Kim Mason Sarah Greatrex Debby Stephenson
Company Number
10713326 (England and Wales)
Registered Office
8 Argyle Way Ely Business Park Cardiff CF5 5NJ United Kingdom
- 3 -
Safehaven South Wales Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,289 
64,350 
Current assets
Debtors
39,107 
38,729 
Cash at bank and in hand
100,491 
44,014 
139,598 
82,743 
Creditors: amounts falling due within one year
49,738 
86,503 
Net current assets
189,336 
169,246 
Total assets less current liabilities
230,625 
233,596 
Creditors: amounts falling due after more than one year
(57,704)
(69,328)
Net assets
172,921 
164,268 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
172,821 
164,168 
Shareholders' funds
172,921 
164,268 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by
Sarah Greatrex Director Company Registration No. 10713326
- 4 -
Safehaven South Wales Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Safehaven South Wales Limited is a private company, limited by shares, registered in England and Wales, registration number 10713326. The registered office is 8 Argyle Way, Ely Business Park, Cardiff, CF5 5NJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Safehaven South Wales Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2023
92,245 
At 30 April 2024
92,245 
Depreciation
At 1 May 2023
27,895 
Charge for the year
23,061 
At 30 April 2024
50,956 
Net book value
At 30 April 2024
41,289 
At 30 April 2023
64,350 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,484 
30,106 
Other debtors
8,623 
8,623 
39,107 
38,729 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,279 
11,928 
Obligations under finance leases and hire purchase contracts
12,103 
11,624 
Taxes and social security
18,918 
12,505 
Loans from directors
(82,038)
(122,560)
(49,738)
(86,503)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
57,704 
69,328 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 33 (2023: 33).
- 6 -