| Registered Number:09178444 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
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
Systems For Safety LTD
Statement of Financial Position
2023
2024
| Property, plant and equipment |
4,881
6,664
2
3
237,056
237,056
241,937
243,720
| 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
100
100
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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For the year ended 31 August 2024
Systems For Safety LTD
Statement of Financial Position Continued
| Mr Wesley James 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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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. |
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.
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: |
Computer equipment
Motor vehicles
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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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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For the year ended 31 August 2024
Systems For Safety LTD
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
25,798
7,608
2,892
15,298
1,939
1,939
-
-
(874)
-
-
(874)
15,298
2,892
8,673
26,863
| Provision for depreciation and impairment |
19,134
2,760
1,209
15,165
Charge for year
3,309
2,700
578
31
(461)
(461)
-
-
21,982
4,999
1,787
15,196
102
1,105
3,674
4,881
133
1,683
4,848
6,664
237,056
237,056
237,056
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
246,246
297,748
| Amounts owed by group undertakings and participating interests |
111,253
-
30,917
42,929
340,677
388,416
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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
2,928
1,286
| Taxation and social security |
106,664
92,381
8,640
6,897
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
95,082
120,301
| Analysis of creditors falling due after more than five years: |
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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For the year ended 31 August 2024
Systems For Safety LTD
Notes to the Financial Statements Continued
| 8. Guarantees and other financial 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
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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