REGISTERED NUMBER: 13829256 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SAFETYRESPECT UK LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

317,702

155,462

CURRENT ASSETS

Stocks

530,719

535,022

Debtors

5

301,871

317,327

Cash at bank

64,792

27,799

897,382

880,148

CREDITORS

Amounts falling due within one year

6

1,050,014

932,673

NET CURRENT LIABILITIES

(152,632

)

(52,525

)

TOTAL ASSETS LESS CURRENT LIABILITIES

165,070

102,937

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

164,970

102,837

SHAREHOLDERS' FUNDS

165,070

102,937

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 and authorised for issue by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

T J Gardner - Director

1.	STATUTORY INFORMATION

SafetyRespect UK 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:

13829256

Registered office:

Unit 16

Forge Trading Estate

Mucklow Hill

Halesowen

B62 8TP

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.

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 etc

-

33% on cost and 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 Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

166,397

Additions

217,225

At 31 December 2024

383,622

DEPRECIATION

At 1 January 2024

10,935

Charge for year

54,985

At 31 December 2024

65,920

NET BOOK VALUE

At 31 December 2024

317,702

At 31 December 2023

155,462

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

280,671

292,498

Other debtors

14,714

14,714

Prepayments and accrued income

6,486

10,115

301,871

317,327

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

925,835

811,262

Social security and other taxes

10,123

27,783

Other creditors

467

528

Intercompany loan

109,389

88,900

Accruals and deferred income

4,200

4,200

1,050,014

932,673

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Gibson LLB(hons) FCCA (Senior Statutory Auditor)

for and on behalf of Gibson Schofield Chartered Certified Accountants

9.	RELATED PARTY DISCLOSURES

As at the year end the company owed a loan of £109,389 (2023:£88,900) to its parent company, SafetyRespect AB.

As at the year end the company was owed a trading balance of £28,813 (2023:£15,610) from SafetyRespect AB, £4,170 (2023:£4,170) from Vivatec GMBH, £17,114 (2023:£nil) from SafetyRespect UAB, and £174 (2023:£174) from SafetyRespect Inc.

As at the year end the company owed a trading balance of £267,438 (2023:£159,196) to SafetyRespect AB, £nil (2023:£29,912) to SafetyRespect GMBH, £60,885 (2023:£58,150) to SafetyRespect Lithuania, £21,285 (2023:£21,285) to SafetyRespect TR and £299,137 (2023:£357,325) to Vivatec Safety Limited and £277,544 (2003:£152,841) to Omsa Metal Sanayi.

The above companies are related by common control.

The controlling party is SafetyRespect AB.