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Company No: 02738688 (England and Wales)

SAFELINK SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

SAFELINK SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

SAFELINK SERVICES LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2024
SAFELINK SERVICES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2024
DIRECTORS Mrs G E Palfreman
A J Palfreman
Adam John Palfreman
Geraldine Elizabeth Palfreman
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 02738688 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
SAFELINK SERVICES LIMITED

BALANCE SHEET

As at 30 November 2024
SAFELINK SERVICES LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 28,338 34,469
28,338 34,469
Current assets
Stocks 14,180 14,410
Debtors 4 94,252 111,156
Cash at bank and in hand 11,480 6,494
119,912 132,060
Creditors: amounts falling due within one year 5 ( 113,290) ( 143,053)
Net current assets/(liabilities) 6,622 (10,993)
Total assets less current liabilities 34,960 23,476
Provision for liabilities ( 4,764) ( 5,310)
Net assets 30,196 18,166
Capital and reserves
Called-up share capital 130 130
Profit and loss account 30,066 18,036
Total shareholders' funds 30,196 18,166

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Safelink Services Limited (registered number: 02738688) were approved and authorised for issue by the Board of Directors on 24 April 2025. They were signed on its behalf by:

Mrs G E Palfreman
Director
SAFELINK SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
SAFELINK SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Safelink Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 25 % reducing balance
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 25 years straight line
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost/Valuation
At 01 December 2023 16,298 17,738 46,062 26,996 47,693 154,787
Additions 0 1,910 0 1,438 0 3,348
At 30 November 2024 16,298 19,648 46,062 28,434 47,693 158,135
Accumulated depreciation
At 01 December 2023 9,779 16,857 29,580 23,124 40,978 120,318
Charge for the financial year 3,260 300 4,120 968 831 9,479
At 30 November 2024 13,039 17,157 33,700 24,092 41,809 129,797
Net book value
At 30 November 2024 3,259 2,491 12,362 4,342 5,884 28,338
At 30 November 2023 6,519 881 16,482 3,872 6,715 34,469

4. Debtors

2024 2023
£ £
Trade debtors 75,867 99,431
Other debtors 18,385 11,725
94,252 111,156

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 73,765 82,128
Taxation and social security 18,172 24,165
Other creditors 21,353 36,760
113,290 143,053

6. Lease commitments

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 2023
£ £
Within one year 24,500 0
Between one and five year 73,500 0
98,000 0