| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st August 2024 |
| for |
| Safe Iv Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st August 2024 |
| for |
| Safe Iv Ltd |
| Safe Iv Ltd (Registered number: 12844254) |
| Contents of the Financial Statements |
| for the Year Ended 31st August 2024 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
| Safe Iv Ltd (Registered number: 12844254) |
| Balance Sheet |
| 31st August 2024 |
| 31.8.24 | 31.8.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| Safe Iv Ltd (Registered number: 12844254) |
| Notes to the Financial Statements |
| for the Year Ended 31st August 2024 |
| 1. | COMPANY INFORMATION |
| Safe Iv Ltd is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| 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. |
| Going concern |
| These financial statements are prepared on the going concern basis despite the company having negative reserves. However, the company retains the full support of the directors and the directors have a reasonable expectation that the company has sufficient resources to continue in operational existence for the foreseeable future. The company has also been granted a patent and intellectual property on a product designed by the director, the director is of the opinion that income from the patent will commence in the foreseeable future. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Safe Iv Ltd (Registered number: 12844254) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st August 2024 |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and |
| licences |
| £ |
| COST |
| At 1st September 2023 |
| Additions |
| At 31st August 2024 |
| AMORTISATION |
| At 1st September 2023 |
| Amortisation for year |
| At 31st August 2024 |
| NET BOOK VALUE |
| At 31st August 2024 |
| At 31st August 2023 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Directors' current accounts | 1,148 | 836 |
| Accrued expenses |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Other creditors |
| Included in creditors due in more than one year is a loan from a company, Steven Gill Anaesthetic Services Limited, of which the director is also a director and majority shareholder. All transactions were made at arms length. |
| The loan will be repaid once Safe IV Ltd is earning income from either the sale of the medical device or the patent for that device which ever is the sooner. |
| At this point no interest is to be charged on the loan. |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.24 | 31.8.23 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| The Ordinary Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company. |
| Safe Iv Ltd (Registered number: 12844254) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st August 2024 |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023: |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| The loan is repayable on demand and no interest was charged during the period. |
| 9. | CONTROL |