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Company Registration No. 08022187 (England and Wales)
Faelsafe Life Safety Limited Unaudited accounts for the year ended 31 July 2024
Faelsafe Life Safety Limited Unaudited accounts Contents
Page
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Faelsafe Life Safety Limited Company Information for the year ended 31 July 2024
Director
Andrew John Hutchison
Company Number
08022187 (England and Wales)
Registered Office
Unit 5 Asquith Avenue Business Park Asquith Avenue Morely West Yorkshire LS27 7RZ United Kingdom
Accountants
Simpson Accounting Services 38 Kellington Lane Eggborough North Yorkshire DN14 0LB
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Faelsafe Life Safety Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
688 
Tangible assets
172,534 
46,768 
Investments
1,039 
- 
173,573 
47,456 
Current assets
Debtors
532,166 
410,198 
Cash at bank and in hand
49,703 
12,511 
581,869 
422,709 
Creditors: amounts falling due within one year
(585,817)
(364,631)
Net current (liabilities)/assets
(3,948)
58,078 
Total assets less current liabilities
169,625 
105,534 
Creditors: amounts falling due after more than one year
(87,045)
(73,694)
Provisions for liabilities
Deferred tax
(2,000)
(2,000)
Net assets
80,580 
29,840 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
80,480 
29,740 
Shareholders' funds
80,580 
29,840 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 3 March 2025 and were signed on its behalf by
Andrew John Hutchison Director Company Registration No. 08022187
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Faelsafe Life Safety Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Faelsafe Life Safety Limited is a private company, limited by shares, registered in England and Wales, registration number 08022187. The registered office is Unit 5, Asquith Avenue Business Park, Asquith Avenue, Morely, West Yorkshire, LS27 7RZ, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation is not provided for in teh year of acquisition, but has then been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20%
Computer equipment
20%
Intangible fixed assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years. For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit
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Faelsafe Life Safety Limited Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
45,061 
At 31 July 2024
45,061 
Amortisation
At 1 August 2023
44,373 
Charge for the year
688 
At 31 July 2024
45,061 
Net book value
At 31 July 2024
- 
At 31 July 2023
688 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
1,833 
72,710 
8,702 
83,245 
Additions
- 
138,110 
815 
138,925 
Disposals
- 
(5,900)
- 
(5,900)
At 31 July 2024
1,833 
204,920 
9,517 
216,270 
Depreciation
At 1 August 2023
- 
30,188 
6,289 
36,477 
Charge for the year
- 
8,504 
483 
8,987 
On disposals
- 
(1,728)
- 
(1,728)
At 31 July 2024
- 
36,964 
6,772 
43,736 
Net book value
At 31 July 2024
1,833 
167,956 
2,745 
172,534 
At 31 July 2023
1,833 
42,522 
2,413 
46,768 
6
Investments
Other investments 
£ 
Valuation at 1 August 2023
- 
Additions
1,039 
Valuation at 31 July 2024
1,039 
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Faelsafe Life Safety Limited Notes to the Accounts for the year ended 31 July 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
312,051 
216,353 
Amounts due from group undertakings etc.
19,480 
101,388 
Other debtors
113,935 
75,000 
445,466 
392,741 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
81,250 
- 
Accrued income and prepayments
5,450 
450 
Other debtors
- 
17,007 
86,700 
17,457 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
122,076 
76,307 
VAT
98,611 
46,888 
Obligations under finance leases and hire purchase contracts
43,209 
- 
Trade creditors
190,546 
127,189 
Taxes and social security
105,693 
109,856 
Other creditors
24,657 
3,291 
Accruals
1,025 
1,100 
585,817 
364,631 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,958 
73,694 
Obligations under finance leases and hire purchase contracts
79,087 
- 
87,045 
73,694 
10
Pension commitments
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Andrew John Hutchison
Directors Loan Account - Interest Charged At 6%
75,000 
40,000 
- 
115,000 
75,000 
40,000 
- 
115,000 
12
Average number of employees
During the year the average number of employees was 18 (2023: 11).
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