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REGISTERED NUMBER: 01543445 (England and Wales)















SAFE ALBUMS (U.K.) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025






SAFE ALBUMS (U.K.) LIMITED (REGISTERED NUMBER: 01543445)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAFE ALBUMS (U.K.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2025







DIRECTORS: C F Carter
J E Carter



SECRETARY: M T Carter



REGISTERED OFFICE: 16 Falcon Business Park
Hogwood Lane Industrial Estate
Finchampstead
Berkshire
RG40 4QQ



REGISTERED NUMBER: 01543445 (England and Wales)



ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG



SOLICITORS: Clifton Ingram Solicitors
24 Braod Street
Wokingham
Berkshire
RG40 1BA

SAFE ALBUMS (U.K.) LIMITED (REGISTERED NUMBER: 01543445)

BALANCE SHEET
30TH JUNE 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,772 30,783

CURRENT ASSETS
Stocks 567,114 435,918
Debtors 5 181,771 240,409
Cash at bank and in hand 262,544 218,104
1,011,429 894,431
CREDITORS
Amounts falling due within one year 6 290,080 233,226
NET CURRENT ASSETS 721,349 661,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

750,121

691,988

CREDITORS
Amounts falling due after more than one
year

7

(23,082

)

(26,380

)

PROVISIONS FOR LIABILITIES (7,193 ) (7,696 )
NET ASSETS 719,846 657,912

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 719,796 657,862
SHAREHOLDERS' FUNDS 719,846 657,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 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.

SAFE ALBUMS (U.K.) LIMITED (REGISTERED NUMBER: 01543445)

BALANCE SHEET - continued
30TH JUNE 2025


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th August 2025 and were signed on its behalf by:





C F Carter - Director


SAFE ALBUMS (U.K.) LIMITED (REGISTERED NUMBER: 01543445)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2025

1. STATUTORY INFORMATION

Safe Albums (U.K.) 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.

Significant judgements and estimates
There are no significant judgements that have a material effect on the financial statements nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

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 - 20% on cost
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SAFE ALBUMS (U.K.) LIMITED (REGISTERED NUMBER: 01543445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2025

2. ACCOUNTING POLICIES - continued

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 8 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st July 2024 49,221 37,895 87,116
Additions 7,687 - 7,687
At 30th June 2025 56,908 37,895 94,803
DEPRECIATION
At 1st July 2024 46,859 9,474 56,333
Charge for year 2,593 7,105 9,698
At 30th June 2025 49,452 16,579 66,031
NET BOOK VALUE
At 30th June 2025 7,456 21,316 28,772
At 30th June 2024 2,362 28,421 30,783

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 153,750 232,774
Other debtors - 4,455
Prepayments 28,021 3,180
181,771 240,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 12,500 22,500
Hire purchase contracts (see note 8) 3,598 3,599
Trade creditors 195,501 163,151
Corporation tax payable 19,440 8,758
Social security and other taxes 41,504 16,627
Other creditors - 798
Directors' current accounts 9,531 10,432
Accrued expenses 8,006 7,361
290,080 233,226

SAFE ALBUMS (U.K.) LIMITED (REGISTERED NUMBER: 01543445)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 23,082 26,380

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 3,598 3,599
Between one and five years 23,082 26,380
26,680 29,979

Non-cancellable
operating leases
2025 2024
£    £   
Within one year 3,598 3,599
Between one and five years 23,082 26,380
26,680 29,979