| SAFEXUK Ltd |
| Registered number: |
12146909 |
| Balance Sheet |
| as at 31 August 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Current assets |
| Debtors |
4 |
|
19,189 |
|
|
47,459 |
| Cash at bank and in hand |
|
|
393 |
|
|
1,872 |
|
|
|
19,582 |
|
|
49,331 |
|
| Creditors: amounts falling due within one year |
5 |
|
(977) |
|
|
(14,354) |
|
| Net current assets |
|
|
|
18,605 |
|
|
34,977 |
|
| Total assets less current liabilities |
|
|
|
18,605 |
|
|
34,977 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(18,491) |
|
|
|
| Net assets |
|
|
|
18,605 |
|
|
16,486 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
18,505 |
|
|
16,386 |
|
| Shareholder's funds |
|
|
|
18,605 |
|
|
16,486 |
|
|
|
|
|
|
|
|
| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. |
| The member has not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. |
| The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006; and preparing financial statements which give a true and fair view of the state of the affairs of the company as at the end of each financial year and of its profit and loss for each financial year in accordance with the requirements of Sections 394 to 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| These financial statements have been prepared in accordance with the provisions applicable to companies subject the the small companies' regime. |
|
|
|
| Pauline Francis |
| Director |
| Approved by the board on 29 August 2025 |
|
|
| The notes on pages 6 - 7 form part of these financial statements. |
|
| SAFEXUK Ltd |
| Notes to the Accounts |
| for the year ended 31 August 2024 |
|
|
| 1 |
Statutory information |
|
Safexuk Ltd is a company limited by shares and registered in England and Wales under company number 12146909. The address of the registered office is First Floor, 5 High Street, Westbury-on-Trym, Bristol, BS9 3BY. |
|
| 2 |
Summary of significant accounting policies |
|
|
Basis of preparation of financial statements |
|
The financial statements have been prepared in accordance with FRS 102 The financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities and under the historical cost convention. |
|
|
Financial instruments |
|
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss. All other investments are subsequently measured ar cost less impairment. Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within profit and loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss immediately. All equity instruments, regardless of significance , and other financial assets that are individually significant, are assesed individually for impairment. Other financial assets are either assessed individually or grouped on the similar basis of credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised. |
|
| 2 |
Summary of significant accounting policies (continued) |
|
|
Taxation |
|
Current tax represents the amount of tax payable (receivable) in the respect profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws that have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable. |
|
|
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods and is recognised in respect of all timing differences; although with certain exceptions. Timing differences are differences between taxable profit and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred assets are only recognised to the extent that is probable that they will be recoverable against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and discounts. Turnover is also measured net of the estimated value of customer returns and volume rebates. |
|
| 3 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
19,189 |
|
47,459 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
9,808 |
|
Taxation and social security costs |
497 |
|
4,146 |
|
Other creditors |
480 |
|
400 |
|
|
|
|
|
|
977 |
|
14,354 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
- |
|
18,491 |
|
|
|
|
|
|
|
|
|