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REGISTERED NUMBER: 09595867 (England and Wales)



















WILLOW SAFETY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






WILLOW SAFETY SERVICES LIMITED (REGISTERED NUMBER: 09595867)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


WILLOW SAFETY SERVICES LIMITED (REGISTERED NUMBER: 09595867)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,436 6,165

CURRENT ASSETS
Debtors 5 204,398 206,114
Cash at bank 6,933 3,347
211,331 209,461
CREDITORS
Amounts falling due within one year 6 194,196 197,130
NET CURRENT ASSETS 17,135 12,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,571

18,496

CREDITORS
Amounts falling due after more than one year 7 (27,700 ) (8,680 )

PROVISIONS FOR LIABILITIES (1,053 ) (1,171 )
NET (LIABILITIES)/ASSETS (6,182 ) 8,645

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,282 ) 8,545
SHAREHOLDERS' FUNDS (6,182 ) 8,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WILLOW SAFETY SERVICES LIMITED (REGISTERED NUMBER: 09595867)

BALANCE SHEET - continued
31 MAY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





K P Dempsey - Director


WILLOW SAFETY SERVICES LIMITED (REGISTERED NUMBER: 09595867)

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

1. STATUTORY INFORMATION

Willow Safety Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09595867

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

WILLOW SAFETY SERVICES LIMITED (REGISTERED NUMBER: 09595867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account , except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

WILLOW SAFETY SERVICES LIMITED (REGISTERED NUMBER: 09595867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 12,175
Additions 961
At 31 May 2024 13,136
DEPRECIATION
At 1 June 2023 6,010
Charge for year 1,690
At 31 May 2024 7,700
NET BOOK VALUE
At 31 May 2024 5,436
At 31 May 2023 6,165

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,716 60,516
Other debtors 173,682 145,598
204,398 206,114

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,089 3,988
Trade creditors 2,270 6,845
Taxation and social security 146,741 180,339
Other creditors 41,096 5,958
194,196 197,130

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,577 8,680
Other creditors 23,123 -
27,700 8,680

WILLOW SAFETY SERVICES LIMITED (REGISTERED NUMBER: 09595867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
K P Dempsey
Balance outstanding at start of year 132,898 101,296
Amounts advanced 182,064 201,993
Amounts repaid (142,455 ) (170,391 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 172,507 132,898

Interest on the overdrawn director's loan accounts is payable on a monthly basis at the official rate of interest, however there are no agreed repayment terms.

During the year, interest paid amounted to £3,398 (2023: £2,831 ) in respect of the overdrawn director's loan account.

During the year, dividends of £37,383 (2023: £38,250) were paid to the director and dividends of £35,917 (2023: £36,750) were paid to a close family member of the director.