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
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
Faelsafe Life Safety Limited
Statement of financial position
as at 31 July 2024
Tangible assets
172,534
46,768
Cash at bank and in hand
49,703
12,511
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)
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
Faelsafe Life Safety Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
Faelsafe Life Safety Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill
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
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
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
-
Valuation at 31 July 2024
1,039
Faelsafe Life Safety Limited
Notes to the Accounts
for the year ended 31 July 2024
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
Amounts falling due after more than one year
Amounts due from group undertakings etc.
81,250
-
Accrued income and prepayments
5,450
450
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
122,076
76,307
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
9
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
79,087
-
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account - Interest Charged At 6%
75,000
40,000
-
115,000
12
Average number of employees
During the year the average number of employees was 18 (2023: 11).