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REGISTERED NUMBER: 06735515 (England and Wales)



















SAFETY MUNDO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






SAFETY MUNDO LIMITED (REGISTERED NUMBER: 06735515)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


SAFETY MUNDO LIMITED (REGISTERED NUMBER: 06735515)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 150,759 155,793
Investments 6 40,000 40,000
190,760 195,794

CURRENT ASSETS
Stocks 72,350 72,350
Debtors 7 236,890 192,390
309,240 264,740
CREDITORS
Amounts falling due within one year 8 210,340 168,547
NET CURRENT ASSETS 98,900 96,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,660

291,987

CREDITORS
Amounts falling due after more than one year 9 (6,971 ) (16,667 )

PROVISIONS FOR LIABILITIES (28,567 ) (29,506 )
NET ASSETS 254,122 245,814

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 11 125,000 125,000
Retained earnings 128,822 120,514
SHAREHOLDERS' FUNDS 254,122 245,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SAFETY MUNDO LIMITED (REGISTERED NUMBER: 06735515)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





L D Sheppard - Director


SAFETY MUNDO LIMITED (REGISTERED NUMBER: 06735515)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Safety Mundo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06735515

Registered office: Irvin House
Icknield Way
Letchworth Garden City
Herts
SG6 1EU

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty

Turnover
Turnover is derived from the provision of health and safety training and is recognised when the service has been received by the customer. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is held at cost value of £1 and has not been amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

SAFETY MUNDO LIMITED (REGISTERED NUMBER: 06735515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments 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 to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred revenue expenditure
During the last four years sales opportunities have been actively pursued in the Middle East. However this is considered by the directors to be a long term strategy which will not impact on sales for some time. The directors have decided that part of these costs should be carried forward as deferred revenue expenditure and set against future sales revenue.

SAFETY MUNDO LIMITED (REGISTERED NUMBER: 06735515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Revaluation of fixed assets
During the year 31st March 2011 the company carried out a revaluation of plant and equipment which, in the opinion of the directors, had been prudently written off in previous years. These assets were revalued during that year and the revaluation taken to a revaluation reserve. No depreciation has been provided for on the revaluation surplus in 2013/14.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 174,687 68,348 7,760 62,053 312,848
Additions - - - 3,564 3,564
At 30 September 2024 174,687 68,348 7,760 65,617 316,412
DEPRECIATION
At 1 October 2023 72,776 27,446 4,691 52,142 157,055
Charge for year 2,983 734 767 4,114 8,598
At 30 September 2024 75,759 28,180 5,458 56,256 165,653
NET BOOK VALUE
At 30 September 2024 98,928 40,168 2,302 9,361 150,759
At 30 September 2023 101,911 40,902 3,069 9,911 155,793

During the year ended 31st March 2011 the directors carried out a revaluation of certain categories of fixed assets. The directors concluded that the tunnel simulator, the carbon emission assets and the fixtures and fittings were recorded in the books at a figure considerably below their present value and that these assets have been revalued based on the directors opinion of their current value.

SAFETY MUNDO LIMITED (REGISTERED NUMBER: 06735515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 40,000
NET BOOK VALUE
At 30 September 2024 40,000
At 30 September 2023 40,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 98,867 96,846
Other debtors 138,023 95,544
236,890 192,390

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,242 30,265
Trade creditors 129,464 105,322
Taxation and social security 30,019 29,326
Other creditors 13,615 3,634
210,340 168,547

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,971 16,667

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 27,548 20,265

Hire purchase liabilities are secured over the assets they relate to.

SAFETY MUNDO LIMITED (REGISTERED NUMBER: 06735515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 125,000

12. RELATED PARTY DISCLOSURES

Barking Vale Limited
A company in which R Butcher is director and shareholder.

During the year, consultancy fees of £34.001 (2023 - £32,827) were charged by the related party.

At the balance sheet date, the related party was owed £36,279 (2022 - £25,967).

Efficacious Limited
A company in which L Sheppard is director and shareholder.

During the year, consultancy fees of £13,500 (2023 - £13,555) were charged by the related party.

At the balance sheet date, the related party was owed £16,200 (2022 - £17,447).