2023-09-01 09178444 2024-08-31 09178444 2023-09-01 2024-08-31 09178444 2023-08-31 09178444 2022-09-01 2023-08-31 09178444 uk-core:WithinOneYear 2023-08-31 09178444 uk-core:WithinOneYear 2024-08-31 09178444 uk-core:AfterOneYear 2023-08-31 09178444 uk-core:AfterOneYear 2024-08-31 09178444 uk-core:ShareCapital 2024-08-31 09178444 uk-core:ShareCapital 2023-08-31 09178444 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 09178444 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 09178444 uk-bus:Director1 2023-09-01 2024-08-31 09178444 uk-bus:Director2 2023-09-01 2024-08-31 09178444 uk-core:ComputerEquipment 2023-09-01 2024-08-31 09178444 uk-core:CommercialMotorVehicles 2023-09-01 2024-08-31 09178444 uk-core:FurnitureFittings 2023-09-01 2024-08-31 09178444 uk-core:ComputerEquipment 2023-08-31 09178444 uk-core:FurnitureFittings 2023-08-31 09178444 uk-core:CommercialMotorVehicles 2023-08-31 09178444 uk-core:CommercialMotorVehicles 2024-08-31 09178444 uk-core:FurnitureFittings 2024-08-31 09178444 uk-core:ComputerEquipment 2024-08-31 09178444 uk-core:WithinOneYear 2023-09-01 2024-08-31 09178444 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2024-08-31 09178444 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2023-08-31 iso4217:GBP xbrli:pure 09178444 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09178444 uk-bus:FRS102 2023-09-01 2024-08-31 09178444 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 09178444 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Systems For Safety LTD
Registered Number:09178444
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
Systems For Safety LTD
Contents Page
1
Statement of Financial Position
2 to 7
Notes to the Financial Statements
3
Registered Number :
09178444
As at 31 August 2024
Systems For Safety LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
4,881
6,664
2
3
237,056
237,056
Investment property
241,937
243,720
Current assets
Trade and other receivables
340,677
388,416
4
208,713
Cash and cash equivalents
141,850
530,266
549,390
Trade and other payables: amounts falling due within one
year
(109,741)
(148,051)
5
439,649
382,215
Net current assets
Total assets less current liabilities
624,152
683,369
Trade and other payables: amounts falling due after more
than one year
(120,301)
(95,082)
6
(1,025)
(1,399)
Provisions for liabilities
528,045
Net assets
561,669
Capital and reserves
Called up share capital
100
100
Retained earnings
527,945
561,569
528,045
561,669
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
09178444
For the year ended 31 August 2024
Systems For Safety LTD
Statement of Financial Position Continued
Mr Wesley James Mason Director
Mrs Sarah Mason Director
These financial statements were approved and authorised for issue by the Board on 29 May 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 August 2024
Systems For Safety LTD
Notes to the Financial Statements
Statutory Information
Systems For Safety LTD is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09178444.
Registered address:
First Floor Office, 130 Ashford Road
Bearsted
Maidstone
Kent
ME14 4LX
The presentation currency is £ sterling.
The financial statements relate to the trading activities of Systems For Safety Ltd only.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33.33% SL Straight line
Computer equipment
20% SL Straight line
Motor vehicles
20% SL Straight line
Fixtures and fittings
Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss account, before being transferred to the fair value reserves which is undistributable.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories and work in progress are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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6
For the year ended 31 August 2024
Systems For Safety LTD
Notes to the Financial Statements Continued
Deferred tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income, 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 payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 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 where 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. Deferred tax calculated on fair value gains or losses on investment property is not shown on the Statement of Income, instead it is included within the separate fair value reserve.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Financial Instruments at Fair Value
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets
and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans with related
parties and investments in non-puttable ordinary shares.
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7
For the year ended 31 August 2024
Systems For Safety LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 September 2023
25,798
7,608
2,892
15,298
1,939
1,939
-
-
Additions
(874)
-
-
Disposals
(874)
At 31 August 2024
15,298
2,892
8,673
26,863
Provision for depreciation and impairment
At 01 September 2023
19,134
2,760
1,209
15,165
Charge for year
3,309
2,700
578
31
(461)
(461)
-
-
On disposal
At 31 August 2024
21,982
4,999
1,787
15,196
At 31 August 2024
Net book value
102
1,105
3,674
4,881
At 31 August 2023
133
1,683
4,848
6,664
3. Investment property
Total
£
Fair value
At 01 September 2023
237,056
At 31 August 2024
237,056
Net book value
At 31 August 2024
237,056
At 31 August 2023
237,056
Fixed asset investments were valued by Mr Mason director, on 31 August 2024 at fair value. Fair value was ascertained by the director taking into account the current market value as provided and consideration for the location, desirability and current climate to give a fair value of the property portfolio. The historic cost of the properties before revaluation was £232,014 (2023: £232,014).
4. Trade and other receivables
2023
2024
£
£
Trade debtors
246,246
297,748
Amounts owed by group undertakings and participating interests
111,253
-
Other debtors
30,917
42,929
340,677
388,416
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8
For the year ended 31 August 2024
Systems For Safety LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2,928
1,286
Taxation and social security
106,664
92,381
Debentures
8,640
6,897
Other creditors
29,819
9,177
148,051
109,741
The company has the following securities, fixed and floating charges over all the property or undertaking of the company, a mortgage charge over the property known as 70 Union Street these are all held by the company's bank.
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Debentures
95,082
120,301
Analysis of creditors falling due after more than five years:
Payable by instalments
95,082
120,301
7. Related party transactions
W3SJO Holdings Ltd (Parent Company)
The Parent Company received £1,800 and repaid £1,800 to cover initial expenditure (2023: £Nil - at this point
Systems for Safety was not part of the group). Amounts are deemed short term and repayable upon demand.
Loans do not bear interest. The balance of all loans was £Nil (2023: £Nil).
Group taxable losses of £694 (2023: £Nil) were surrendered to Systems for Safety for consideration of £Nil (2023:
£Nil).
Dividends of £84,800 (2023: £Nil) were received from Systems for Safety.
S4S HoldCo Ltd (Subsidiary Company wholly owned by Parent Company)
The Subsidiary Company received short term loans totalling £4,711 (2023: £106,542 - at this point Systems for
Safety was not part of the group). The balance of the loans was £111,253 (2023: £106,542). The loans are short
term repayable upon demand, and do not bear interest.
Group taxable losses of £3,392 (2023: £Nil) were surrendered to Systems for Safety for consideration of £Nil (2023:
£Nil).
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9
For the year ended 31 August 2024
Systems For Safety LTD
Notes to the Financial Statements Continued
8. Guarantees and other financial commitments
Lease commitments
At 31 August 2024 the company had annual commitments under non-cancellable operating leases as set out below:
2023
£
2024
£
Operating leases which expire:
600
600
Within 1 year
600
600
9. Average number of persons employed
During the year the average number of employees was 5 (2023 : 5) including directors.
10. Parent-subsidiary relationship
The parent company is W3SJO Holdings Ltd, company number 14712849, whose registered office and principal place of business is 130 Ashford Road, Bearsted, Maidstone, Kent, ME14 4LX.
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