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REGISTERED NUMBER: 05563895 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Safe and Sound Haulage Limited

Safe and Sound Haulage Limited (Registered number: 05563895)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Safe and Sound Haulage Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: S S Freeman





SECRETARY: S S Freeman





REGISTERED OFFICE: Unit 3 Millards Way
Standerwick
Nr Frome
BA11 2PL





REGISTERED NUMBER: 05563895 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Safe and Sound Haulage Limited (Registered number: 05563895)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 19,618 24,327

CURRENT ASSETS
Inventories 53,756 44,532
Debtors 5 536,789 693,564
Cash at bank 916,633 1,110,774
1,507,178 1,848,870
CREDITORS
Amounts falling due within one year 6 400,892 405,049
NET CURRENT ASSETS 1,106,286 1,443,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,125,904

1,468,148

PROVISIONS FOR LIABILITIES 2,944 3,841
NET ASSETS 1,122,960 1,464,307

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 1,122,860 1,464,207
SHAREHOLDERS' FUNDS 1,122,960 1,464,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Safe and Sound Haulage Limited (Registered number: 05563895)

Statement of Financial Position - continued
31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 June 2025 and were signed by:





S S Freeman - Director


Safe and Sound Haulage Limited (Registered number: 05563895)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Safe and Sound Haulage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.


Safe and Sound Haulage Limited (Registered number: 05563895)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 11,204 13,200 26,810 51,214
Additions - - 707 707
At 31 December 2024 11,204 13,200 27,517 51,921
DEPRECIATION
At 1 January 2024 2,242 7,407 17,238 26,887
Charge for year 1,121 869 3,426 5,416
At 31 December 2024 3,363 8,276 20,664 32,303
NET BOOK VALUE
At 31 December 2024 7,841 4,924 6,853 19,618
At 31 December 2023 8,962 5,793 9,572 24,327

Safe and Sound Haulage Limited (Registered number: 05563895)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 536,789 643,564
Directors' current accounts - 50,000
536,789 693,564

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 103,241 126,766
Tax 114,155 86,953
Social security and other taxes 27,764 26,110
VAT 88,314 93,606
Other creditors 15 -
Wages control 14,758 26,457
Safe & Sound UK Ltd 40 -
Pension creditor 2,724 2,394
Directors' current accounts 536 -
Accrued expenses 49,345 42,763
400,892 405,049

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2024 1,464,207
Profit for the year 338,653
Dividends (680,000 )
At 31 December 2024 1,122,860

Safe and Sound Haulage Limited (Registered number: 05563895)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £340,000 (2023 - £272,935) were paid to the director .

S S Freeman
Director

2024 2023

Capital introduced/(Withdrawn) 50,536 (50,076 )

At the year end the amount due to the director was £536 (2023 - due from the director £50,000).


Safe and Sound UK Limited
S Freeman is a shareholder and director.
2024 2023

Recharged admin costs from related company 46,800 46,800

At the year end the amount due to the related party was £40 (2023 - £Nil)

10. ULTIMATE CONTROLLING PARTY

The controlling party is S S Freeman.