SafenetUk Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
75,643
92,249
Cash at bank and in hand
25,464
69,378
Creditors: amounts falling due within one year
-
48,904
Net current assets
162,033
133,539
Total assets less current liabilities
237,676
225,788
Creditors: amounts falling due after more than one year
(11,779)
50,007
Net assets
225,897
275,795
Profit and loss account
225,897
275,795
Shareholders' funds
225,897
275,795
For the year ending 31 October 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by
Ian Harrison
Director
Company Registration No. 12974878
SafenetUk Ltd
Notes to the Accounts
for the year ended 31 October 2024
SafenetUk Ltd is a private company, limited by shares, registered in England and Wales, registration number 12974878. The registered office is 13 VAENOR STREET, ABERYSTWYTH, SY23 2EN, 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 has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Total
At 1 November 2023
187,987
At 31 October 2024
197,351
Charge for the year
25,970
At 31 October 2024
121,708
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).