REGISTERED NUMBER: 13780415 (England and Wales)

SAFLA LIMITED

Financial Statements

for the Year Ended 31 December 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

Fixed assets

Intangible assets

5

238

272

Current assets

Prepayments and accrued income

1,709

1,419

Cash at bank

1,876

19,557

3,585

20,976

Creditors

Amounts falling due within one year

6

3,250

114,279

Net current assets/(liabilities)

335

(93,303

)

Total assets less current liabilities

573

(93,031

)

Capital and reserves

Called up share capital

1

1

Retained earnings

572

(93,032

)

573

(93,031

)

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:

G Foti - Director

1.	Statutory information

Safla Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13780415

Registered office:

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Going concern

The company made a loss in the period. However the directors believe it is appropriate to prepare the accounts on a going concern basis as it will begin to generate income in the subsequent period. In the meantime the company has been financed by an interest free loan which will only be called for repayment when the company is in a position to do so. The directors believe that further funding in the short term will be made available as required.

4.	Employees and directors

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

5.	Intangible fixed assets

Patents and

licences

£

Cost

At 1 January 2024

and 31 December 2024

340

Amortisation

At 1 January 2024

68

Amortisation for year

34

At 31 December 2024

102

Net book value

At 31 December 2024

238

At 31 December 2023

272

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Other loans

-

109,479

Accruals and deferred income

3,250

4,800

3,250

114,279

7.	Related party disclosures

The other loan had been provided by the shareholder and ultimate controlling party, Chris Evans. The loan had now been waived and, if required, the director will fund the company going forward.