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REGISTERED NUMBER: 06341353 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Professional Safety Services (UK) Ltd

Professional Safety Services (UK) Ltd (Registered number: 06341353)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Professional Safety Services (UK) Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: K Eckert
L Keates





SECRETARY: K Eckert





REGISTERED OFFICE: Unit 6a & 6b
Clay Pit Lane,
Bar Lane Industrial Estate
Roecliffe
North Yorkshire
YO51 9FS





REGISTERED NUMBER: 06341353 (England and Wales)





ACCOUNTANTS: A.G.L. Accountancy Services Limited
Flat 2
20 Harlow Moor Drive
Harrogate
North Yorkshire
HG2 0JX

Professional Safety Services (UK) Ltd (Registered number: 06341353)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,167,148 1,444,488

CURRENT ASSETS
Stocks 432,500 98,945
Debtors 5 517,588 504,514
Cash at bank 131,133 172,731
1,081,221 776,190
CREDITORS
Amounts falling due within one year 6 738,915 612,206
NET CURRENT ASSETS 342,306 163,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,509,454

1,608,472

CREDITORS
Amounts falling due after more than one
year

7

83,572

139,596
NET ASSETS 1,425,882 1,468,876

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 1,425,732 1,468,726
SHAREHOLDERS' FUNDS 1,425,882 1,468,876

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Professional Safety Services (UK) Ltd (Registered number: 06341353)

Balance Sheet - continued
31 July 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 29 August 2024 and were signed on its behalf by:




K Eckert - Director



L Keates - Director


Professional Safety Services (UK) Ltd (Registered number: 06341353)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Professional Safety Services (UK) Ltd 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance, 15% on reducing balance and 10% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 10 ) .

Professional Safety Services (UK) Ltd (Registered number: 06341353)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS

The properties where valued by Walker Singleton on the 23rd of October 2017.

Cost or valuation at 31 July 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2013 120,000 816,817 936,817
Cost 120,000 853,000 973,000
240,000 1,669,817 1,909,817

If the fixed assets had not been revalued they would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 271,821 271,821
Aggregate depreciation 32,189 32,189

Fixed assets were valued on an open market basis on 31 July 2013 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 495,640 504,514
Other debtors 21,948 -
517,588 504,514

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,037 -
Hire purchase contracts 8,898 8,899
Trade creditors 242,806 158,945
Taxation and social security 57,880 46,688
Other creditors 425,294 397,674
738,915 612,206

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 6,059 14,958
Other creditors 77,513 124,638
83,572 139,596

Professional Safety Services (UK) Ltd (Registered number: 06341353)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 26,513 73,638

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   

The National Westminster Bank PLC has a legal charge on Unit 6A & 6B Claypit Lane, Bar Lane Industrial Estate Roecliffe, Yorkshire, YO51 9FS along with all plant and machinery present and future.

9. RELATED PARTY DISCLOSURES

The company owns 100% of the company Professional Safety Services (Exports) Ltd. The company has not traded.