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Company Registration No. NI665332 (Northern Ireland)
Camsafe Ltd Unaudited accounts for the year ended 31 December 2024
Camsafe Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Current assets
Debtors
4
58,641
48,648
Cash at bank and in hand
89
5,467
58,730
54,115
Creditors: amounts falling due within one year
5
(2,237)
(3,761)
Net current assets
56,493
50,354
Net assets
56,493
50,354
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
56,393
50,254
Shareholders' funds
56,493
50,354
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2025 and were signed on its behalf by
Gavin Kearney Director Company Registration No. NI665332
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Camsafe Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Camsafe Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI665332. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, Co. Antrim, BT3 9DE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The director believes that the company Camsafe Ltd has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and revenue can be measured reliably. Revenue from a contract to provide fire and security installation services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
4
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
21
-
Trade debtors
-
48,648
Amounts due from group undertakings etc.
58,620
-
58,641
48,648
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Camsafe Ltd Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
-
568
Taxes and social security
1,445
2,663
Accruals
792
530
2,237
3,761
6
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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