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REGISTERED NUMBER: 11127639 (England and Wales)












SAFEGUARD SOLUTIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






SAFEGUARD SOLUTIONS LTD (REGISTERED NUMBER: 11127639)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SAFEGUARD SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs S Williams
D Williams
H Agustsson
M Levitt





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 11127639 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Commerce House
18 West Street
Bourne
Lincolnshire
PE10 9NE

SAFEGUARD SOLUTIONS LTD (REGISTERED NUMBER: 11127639)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 177,467 207,062

CURRENT ASSETS
Stocks 30,000 80,290
Debtors 555,079 245,690
Cash at bank and in hand 186,481 32,368
771,560 358,348
CREDITORS
Amounts falling due within one year 206,286 56,873
NET CURRENT ASSETS 565,274 301,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

742,741

508,537

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 742,641 508,437
742,741 508,537

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 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.

SAFEGUARD SOLUTIONS LTD (REGISTERED NUMBER: 11127639)

ABRIDGED BALANCE SHEET - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





Mrs S Williams - Director


SAFEGUARD SOLUTIONS LTD (REGISTERED NUMBER: 11127639)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 stocks 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 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SAFEGUARD SOLUTIONS LTD (REGISTERED NUMBER: 11127639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 311,809
Additions 102,583
Disposals (97,691 )
At 31 December 2024 316,701
DEPRECIATION
At 1 January 2024 104,747
Charge for year 52,804
Eliminated on disposal (18,317 )
At 31 December 2024 139,234
NET BOOK VALUE
At 31 December 2024 177,467
At 31 December 2023 207,062

4. ULTIMATE CONTROLLING PARTY

The controlling party is Globus (Shetland) Limited.

Globus (Shetland) Limited gained ownership of 60% of Safeguard Solutions Ltd shares on 24 June 2021, the director D Williams owns the remaining 40%.