Company registration number 02323040 (England and Wales)
Donut Safety Systems Limited
Unaudited financial statements
for the year ended 31 March 2025
Pages for filing with registrar
Donut Safety Systems Limited
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Donut Safety Systems Limited
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Donut Safety Systems Limited for the year ended 31 March 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the board of directors of Donut Safety Systems Limited, as a body, in accordance with the terms of our engagement letter dated 16 April 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Donut Safety Systems Limited and state those matters that we have agreed to state to the board of directors of Donut Safety Systems Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Donut Safety Systems Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Donut Safety Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Donut Safety Systems Limited. You consider that Donut Safety Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Donut Safety Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
14 July 2025
Donut Safety Systems Limited
Statement of financial position
as at 31 March 2025
2
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
2
2,500,000
2,500,000
Tangible assets
3
50,000
50,000
Investments
4
364,880
520,293
2,914,880
3,070,293
Current assets
Debtors
5,596
95,264
Cash at bank and in hand
176,637
91,910
182,233
187,174
Creditors: amounts falling due within one year
(135,444)
(315,689)
Net current assets/(liabilities)
46,789
(128,515)
Net assets
2,961,669
2,941,778
Capital and reserves
Called up share capital
100
100
Revaluation reserve
2,530,000
2,530,000
Profit and loss reserves
431,569
411,678
Total equity
2,961,669
2,941,778

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Donut Safety Systems Limited
Statement of financial position (continued)
as at 31 March 2025
3
The financial statements were approved by the board of directors and authorised for issue on 11 July 2025 and are signed on its behalf by:
John F. Hayhurst (Snr)
John F. Hayhurst (Jnr)
Director
Director
Company Registration No. 02323040
Donut Safety Systems Limited
Notes to the financial statements
for the year ended 31 March 2025
4
1
Accounting policies
Company information

Donut Safety Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is 328 Bramhall Lane South, Bramhall, Stockport, Cheshire, SH7 3DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying services, and excludes value added tax.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
4 years to 10 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Donut Safety Systems Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
1
Accounting policies (continued)
5
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Intangible fixed assets
Total
£
Cost
At 1 April 2024 and 31 March 2025
2,500,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
-
0
Carrying amount
At 31 March 2025
2,500,000
At 31 March 2024
2,500,000

During the year to 31st March 2024, the directors revalued the patents held by the company to the figure of £2,500,000.

Donut Safety Systems Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
6
3
Tangible fixed assets
Total
£
Cost
At 1 April 2024
58,579
Disposals
(8,579)
At 31 March 2025
50,000
Depreciation and impairment
At 1 April 2024
8,579
Eliminated in respect of disposals
(8,579)
At 31 March 2025
-
0
Carrying amount
At 31 March 2025
50,000
At 31 March 2024
50,000

During the year to 31st March 2024, the directors revalued a training tower owned by the company to the figure of £50,000.

4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
14,880
14,880
Other investments other than loans
350,000
505,413
364,880
520,293
Donut Safety Systems Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
4
Fixed asset investments (continued)
7
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 April 2024
14,880
505,413
520,293
Additions
-
75,981
75,981
At 31 March 2025
14,880
581,394
596,274
Impairment
At 1 April 2024
-
-
-
Impairment losses
-
231,394
231,394
At 31 March 2025
-
231,394
231,394
Carrying amount
At 31 March 2025
14,880
350,000
364,880
At 31 March 2024
14,880
505,413
520,293
5
Directors' transactions

During the year the directors entered into the following advances and credits with the company:

Description
Opening   debit   balance
Amounts advanced
Amounts repaid
Closing debit balance
£
£
£
£
John F. Hayhurst (Jnr)
664
520
(664)
520
John F. Hayhurst (Snr)
-
4,106
-
4,106
664
4,626
(664)
4,626
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