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REGISTERED NUMBER: 12056201 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Safer Hand Solutions Ltd

Safer Hand Solutions Ltd (Registered number: 12056201)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Safer Hand Solutions Ltd

Company Information
for the year ended 30 June 2024







DIRECTORS: S R Baddeley
Mrs S M Sargeant





REGISTERED OFFICE: The Old Police Station
Water Street
Newcastle-Under-Lyme
Staffordshire
ST5 1HN





REGISTERED NUMBER: 12056201 (England and Wales)






Safer Hand Solutions Ltd (Registered number: 12056201)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 426 689

CURRENT ASSETS
Debtors 6 18,538 40,058
Cash at bank 24,447 30,580
42,985 70,638
CREDITORS
Amounts falling due within one year 7 (42,948 ) (74,315 )
NET CURRENT ASSETS/(LIABILITIES) 37 (3,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

463

(2,988

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 363 (3,088 )
463 (2,988 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mrs S M Sargeant - Director


Safer Hand Solutions Ltd (Registered number: 12056201)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Safer Hand Solutions Ltd ('The Company') is primarily engaged in the provision of recruitment services.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is The Old Police Station, Water Street, Newcastle-under-Lyme, ST5 1HN. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. Due regard has also been made of the uncertainties arising as a result of the general economic downturn and the effect of rising prices and their effect on the company.

Notwithstanding the general effect of the economic position, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when services have been rendered to customers such that risks and rewards of ownership have transferred to them.

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

Safer Hand Solutions Ltd (Registered number: 12056201)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 Statement of Comprehensive Income and Retained Earnings.

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

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 1,508
DEPRECIATION
At 1 July 2023 819
Charge for year 263
At 30 June 2024 1,082
NET BOOK VALUE
At 30 June 2024 426
At 30 June 2023 689

Safer Hand Solutions Ltd (Registered number: 12056201)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,438 25,958
Other debtors 16,100 14,100
18,538 40,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,836 2,179
Taxation and social security 7,343 16,751
Other creditors 33,769 55,385
42,948 74,315

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
S R Baddeley
Balance outstanding at start of year 7,000 -
Amounts advanced 1,000 7,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,000 7,000

Mrs S M Sargeant
Balance outstanding at start of year 7,000 -
Amounts advanced 1,000 7,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,000 7,000

9. RELATED PARTY DISCLOSURES

An interest free loan of £32,968 (last year £49,731) is outstanding at the year end, which was provided by Safer Hand Care Solutions Ltd (a related party) and is included in other creditors.