Company Registration No. 05692767 (England and Wales)
SAFFRON SECURITY LTD
Unaudited accounts
for the year ended 31 March 2025
SAFFRON SECURITY LTD
Unaudited accounts
Contents
SAFFRON SECURITY LTD
Company Information
for the year ended 31 March 2025
Directors
Paul Murrell
Vicki Murrell
Company Number
05692767 (England and Wales)
Registered Office
C/O COLES ACCOUNTING (CAMBRIDGE) LIMITED
NEWTON
CAMBRIDGE
CB22 7ZE
ENGLAND
Accountants
Coles Accounting (Cambridge) Limited
Newton Hall
Town Street, Newton
Cambridge
Cambridgeshire
CB22 7ZE
SAFFRON SECURITY LTD
Statement of financial position
as at 31 March 2025
Tangible assets
36,360
15,242
Cash at bank and in hand
49,457
33,540
Creditors: amounts falling due within one year
(66,629)
(56,638)
Net current assets
53,827
52,846
Total assets less current liabilities
90,187
68,088
Creditors: amounts falling due after more than one year
(16,637)
-
Provisions for liabilities
Deferred tax
(6,908)
(2,895)
Called up share capital
100
100
Profit and loss account
66,542
65,093
Shareholders' funds
66,642
65,193
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by
Paul Murrell
Director
Company Registration No. 05692767
SAFFRON SECURITY LTD
Notes to the Accounts
for the year ended 31 March 2025
SAFFRON SECURITY LTD is a private company, limited by shares, registered in England and Wales, registration number 05692767. The registered office is C/O COLES ACCOUNTING (CAMBRIDGE) LIMITED, NEWTON, CAMBRIDGE, CB22 7ZE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of the asset as follows:
Goodwill - 10% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
SAFFRON SECURITY LTD
Notes to the Accounts
for the year ended 31 March 2025
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 accounts. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill
SAFFRON SECURITY LTD
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Charge for the year
12,120
Amounts falling due within one year
Trade debtors
51,255
51,734
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
9,240
-
Trade creditors
41,645
46,806
Taxes and social security
5,022
3,593
Loans from directors
77
89
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
16,637
-
The above loans by the company to the directors are unsecured, interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 9 (2024: 8).