Registration number: 11108403

Safe SFX Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 7

Safe SFX Ltd

Company Information

Director

C A Dalton

Registered office

4-5 The Green Sutton Courtenay Abingdon Oxfordshire OX14 4AE

Safe SFX Ltd

(Registration number: 11108403)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	12,293	11,780
Current assets
Debtors		-	6,271
Cash at bank and in hand		38,819	40,930
		38,819	47,201
Creditors: Amounts falling due within one year		(38,723)	(29,186)
Net current assets		96	18,015
Net assets		12,389	29,795
Capital and reserves
Called up share capital		10	10
Retained earnings		12,379	29,785
Shareholders' funds		12,389	29,795

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 18 September 2025
 

Safe SFX Ltd

(Registration number: 11108403)
Abridged Balance Sheet as at 31 December 2024

......................................... C A Dalton Director

Safe SFX Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Safe SFX Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicle	25% reducing balance
Plant and machinery	25% reducing balance
Computer equipment	33.3% straight line
Fixtures, fittings & equipment	25% reducing balance

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Safe SFX Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

3	Tangible assets

	Properties under construction  £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 January 2024	-	794	14,957	4,591	32,880
Additions	1,099	-	3,564	236	-
At 31 December 2024	1,099	794	18,521	4,827	32,880
Depreciation
At 1 January 2024	-	199	11,598	3,963	25,682
Charge for the year	-	148	1,731	707	1,800
At 31 December 2024	-	347	13,329	4,670	27,482
Carrying amount
At 31 December 2024	1,099	447	5,192	157	5,398
At 31 December 2023	-	595	3,359	628	7,198

	Total £
Cost or valuation
At 1 January 2024	53,222
Additions	4,899
At 31 December 2024	58,121
Depreciation
At 1 January 2024	41,442
Charge for the year	4,386
At 31 December 2024	45,828
Carrying amount
At 31 December 2024	12,293
At 31 December 2023	11,780

Safe SFX Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	10	10	10	10