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REGISTERED NUMBER: 04014422 (England and Wales)














Financial Statements

for the Year Ended 30th June 2024

for

SAFETY BELT SERVICES LIMITED

SAFETY BELT SERVICES LIMITED (REGISTERED NUMBER: 04014422)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAFETY BELT SERVICES LIMITED

Company Information
for the Year Ended 30th June 2024







DIRECTORS: C V Lennox-Lamb
Mrs C E Lennox-Lamb





REGISTERED OFFICE: 15 Grove Place
Bedford
MK40 3JJ





REGISTERED NUMBER: 04014422 (England and Wales)





ACCOUNTANTS: John Wildman Chartered Accountants
15 Grove Place
Bedford
MK40 3JJ

SAFETY BELT SERVICES LIMITED (REGISTERED NUMBER: 04014422)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,876 5,842

CURRENT ASSETS
Stocks 5 48,030 48,050
Debtors 6 44,523 50,954
Cash at bank 120,057 120,198
212,610 219,202
CREDITORS
Amounts falling due within one year 7 60,537 76,511
NET CURRENT ASSETS 152,073 142,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,949

148,533

PROVISIONS FOR LIABILITIES 1,219 1,461
NET ASSETS 155,730 147,072

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 155,230 146,572
SHAREHOLDERS' FUNDS 155,730 147,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SAFETY BELT SERVICES LIMITED (REGISTERED NUMBER: 04014422)

Balance Sheet - continued
30th June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th February 2025 and were signed on its behalf by:





C V Lennox-Lamb - Director


SAFETY BELT SERVICES LIMITED (REGISTERED NUMBER: 04014422)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Safety Belt Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

These financial statements are prepared on the going concern basis as it is the intention of the directors to continue supporting the company for the foreseeable future.

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.
Workshop - Straight line over 10 years
Machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

SAFETY BELT SERVICES LIMITED (REGISTERED NUMBER: 04014422)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
Workshop Machinery equipment Totals
£    £    £    £   
COST
At 1st July 2023
and 30th June 2024 20,612 13,794 12,690 47,096
DEPRECIATION
At 1st July 2023 20,612 13,740 6,902 41,254
Charge for year - 13 953 966
At 30th June 2024 20,612 13,753 7,855 42,220
NET BOOK VALUE
At 30th June 2024 - 41 4,835 4,876
At 30th June 2023 - 54 5,788 5,842

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 7,330 7,350
Stock motor cycles 40,700 40,700
48,030 48,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 44,523 50,954

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 21,846 9,006
Corporation tax 8,886 13,522
VAT 3,971 8,149
Directors loan account 24,954 44,954
Accrued expenses 880 880
60,537 76,511