IRIS Accounts Production v25.1.0.734 07968078 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079680782023-12-31079680782024-12-31079680782024-01-012024-12-31079680782022-12-31079680782023-01-012023-12-31079680782023-12-3107968078ns14:PoundSterling2024-01-012024-12-3107968078ns10:Director12024-01-012024-12-3107968078ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107968078ns10:SmallEntities2024-01-012024-12-3107968078ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107968078ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107968078ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107968078ns10:FullAccounts2024-01-012024-12-310796807812024-01-012024-12-3107968078ns5:CurrentFinancialInstruments2024-12-3107968078ns5:CurrentFinancialInstruments2023-12-3107968078ns5:Non-currentFinancialInstruments2024-12-3107968078ns5:Non-currentFinancialInstruments2023-12-3107968078ns5:ShareCapital2024-12-3107968078ns5:ShareCapital2023-12-3107968078ns5:RetainedEarningsAccumulatedLosses2024-12-3107968078ns5:RetainedEarningsAccumulatedLosses2023-12-3107968078ns5:NetGoodwill2024-01-012024-12-3107968078ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3107968078ns5:NetGoodwill2023-12-3107968078ns5:NetGoodwill2024-12-3107968078ns5:NetGoodwill2023-12-3107968078ns5:PlantMachinery2023-12-3107968078ns5:PlantMachinery2024-01-012024-12-3107968078ns5:PlantMachinery2024-12-3107968078ns5:PlantMachinery2023-12-3107968078ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3107968078ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3107968078ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-12-3107968078ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3107968078ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107968078ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 07968078















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Chelmsford Safety Supplies Ltd

Chelmsford Safety Supplies Ltd (Registered number: 07968078)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Chelmsford Safety Supplies Ltd (Registered number: 07968078)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 261,948 363,600
Tangible assets 5 142,848 190,845
404,796 554,445

CURRENT ASSETS
Stocks 996,545 1,035,925
Debtors 6 1,529,408 1,559,273
Cash at bank 372,729 256,658
2,898,682 2,851,856
CREDITORS
Amounts falling due within one year 7 (1,442,284 ) (1,376,655 )
NET CURRENT ASSETS 1,456,398 1,475,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,861,194

2,029,646

CREDITORS
Amounts falling due after more than one
year

8

(435,433

)

(473,078

)

PROVISIONS FOR LIABILITIES (16,513 ) (27,287 )
NET ASSETS 1,409,248 1,529,281

CAPITAL AND RESERVES
Called up share capital 106 105
Retained earnings 1,409,142 1,529,176
1,409,248 1,529,281

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

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

Chelmsford Safety Supplies Ltd (Registered number: 07968078)

Balance Sheet - continued
31 December 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 18 April 2025 and were signed on its behalf by:





D White - Director


Chelmsford Safety Supplies Ltd (Registered number: 07968078)

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

1. STATUTORY INFORMATION

Chelmsford Safety Supplies Ltd is a private company, limited by shares, domiciled in England, registration number 07968078. The registered office is 21 Robjohns Road, Widford Industrial Estate, Chelmsford, Essex, CM1 3AG.

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.

Turnover
Turnover represents net invoiced sales of goods and services in respect of supply of health and safety equipment, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.


Chelmsford Safety Supplies Ltd (Registered number: 07968078)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1,302,164
AMORTISATION
At 1 January 2024 938,564
Charge for year 101,652
At 31 December 2024 1,040,216
NET BOOK VALUE
At 31 December 2024 261,948
At 31 December 2023 363,600

Chelmsford Safety Supplies Ltd (Registered number: 07968078)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 406,019
Additions 14,522
Disposals (11,222 )
At 31 December 2024 409,319
DEPRECIATION
At 1 January 2024 215,174
Charge for year 51,297
At 31 December 2024 266,471
NET BOOK VALUE
At 31 December 2024 142,848
At 31 December 2023 190,845

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 100,480
DEPRECIATION
At 1 January 2024 4,780
Charge for year 23,926
At 31 December 2024 28,706
NET BOOK VALUE
At 31 December 2024 71,774
At 31 December 2023 95,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,256,067 1,331,130
Other debtors 273,341 228,143
1,529,408 1,559,273

Chelmsford Safety Supplies Ltd (Registered number: 07968078)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 45,539 53,233
Hire purchase contracts 9,340 23,202
Trade creditors 961,614 872,855
Taxation and social security 338,162 315,530
Other creditors 87,629 111,835
1,442,284 1,376,655

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 383,552 411,857
Hire purchase contracts 51,881 61,221
435,433 473,078

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 100,149 125,245