Registered number
13181707
SAFER ROADWORKS LIMITED
Filleted Accounts
31 March 2025
SAFER ROADWORKS LIMITED
Registered number: 13181707
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 438,698 177,894
Current assets
Debtors 4 2,512,044 1,429,610
Cash at bank and in hand 77,731 57,168
2,589,775 1,486,778
Creditors: amounts falling due within one year 5 (2,592,946) (1,481,289)
Net current (liabilities)/assets (3,171) 5,489
Total assets less current liabilities 435,527 183,383
Provisions for liabilities (435) (435)
Net assets 435,092 182,948
Capital and reserves
Called up share capital 2 2
Profit and loss account 435,090 182,946
Shareholders' funds 435,092 182,948
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Ritchards
Director
Approved by the board on 11 April 2025
SAFER ROADWORKS LIMITED
Notes to the Accounts
for the period from 29 February 2024 to 31 March 2025
1 Accounting policies
General information and basis of preparation
Safer Roadworks Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £000.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 24 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 29 February 2024 18,156 239,363 257,519
Additions - 341,240 341,240
At 31 March 2025 18,156 580,603 598,759
Depreciation
At 29 February 2024 7,262 72,363 79,625
Charge for the period 3,631 76,805 80,436
At 31 March 2025 10,893 149,168 160,061
Net book value
At 31 March 2025 7,263 431,435 438,698
At 28 February 2024 10,894 167,000 177,894
4 Debtors 2025 2024
£ £
Trade debtors 2,373,841 1,363,069
Other debtors 138,203 66,541
2,512,044 1,429,610
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 681,413 326,788
Taxation and social security costs (68,037) 105,413
Factoring Facility 1,766,358 959,312
Other creditors 213,212 89,776
2,592,946 1,481,289
6 Other information
SAFER ROADWORKS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Riccall Airfield Industrial Estate
Market Weighton Road
Selby
YO8 5LD
SAFER ROADWORKS LIMITED 13181707 false 2024-02-29 2025-03-31 2025-03-31 VT Final Accounts April 2025 K Ritchards No description of principal activity 13181707 2023-03-01 2024-02-28 13181707 core:WithinOneYear 2024-02-28 13181707 core:ShareCapital 2024-02-28 13181707 core:RetainedEarningsAccumulatedLosses 2024-02-28 13181707 2024-02-29 2025-03-31 13181707 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-03-31 13181707 bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-03-31 13181707 bus:Director40 2024-02-29 2025-03-31 13181707 1 2024-02-29 2025-03-31 13181707 2 2024-02-29 2025-03-31 13181707 core:LandBuildings 2024-02-29 2025-03-31 13181707 core:PlantMachinery 2024-02-29 2025-03-31 13181707 countries:England 2024-02-29 2025-03-31 13181707 bus:FRS102 2024-02-29 2025-03-31 13181707 bus:FilletedAccounts 2024-02-29 2025-03-31 13181707 2025-03-31 13181707 core:WithinOneYear 2025-03-31 13181707 core:ShareCapital 2025-03-31 13181707 core:RetainedEarningsAccumulatedLosses 2025-03-31 13181707 core:LandBuildings 2025-03-31 13181707 core:PlantMachinery 2025-03-31 13181707 2024-02-28 13181707 core:LandBuildings 2024-02-28 13181707 core:PlantMachinery 2024-02-28 iso4217:GBP xbrli:pure