THE SAFETY KNIFE CO. LTD.

Company Registration Number:
02827044 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

THE SAFETY KNIFE CO. LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

THE SAFETY KNIFE CO. LTD.

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 12,502 22,501
Tangible assets: 4 55,306 70,783
Total fixed assets: 67,808 93,284
Current assets
Stocks: 463,814 455,897
Debtors:   333,864 364,908
Cash at bank and in hand: 259,347 286,319
Total current assets: 1,057,025 1,107,124
Creditors: amounts falling due within one year: 5 (212,439) (250,949)
Net current assets (liabilities): 844,586 856,175
Total assets less current liabilities: 912,394 949,459
Total net assets (liabilities): 912,394 949,459
Capital and reserves
Called up share capital: 251 251
Other reserves: (49,951) (49,951)
Profit and loss account: 962,094 999,159
Shareholders funds: 912,394 949,459

The notes form part of these financial statements

THE SAFETY KNIFE CO. LTD.

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 September 2025
and signed on behalf of the board by:

Name: M M Critchley
Status: Director

The notes form part of these financial statements

THE SAFETY KNIFE CO. LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE SAFETY KNIFE CO. LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 17 17

THE SAFETY KNIFE CO. LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 30,000
At 31 December 2024 30,000
Amortisation
At 01 January 2024 7,499
Charge for year 9,999
At 31 December 2024 17,498
Net book value
At 31 December 2024 12,502
At 31 December 2023 22,501

THE SAFETY KNIFE CO. LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 501,749
Additions 14,687
At 31 December 2024 516,436
Depreciation
At 01 January 2024 430,966
Charge for year 30,164
At 31 December 2024 461,130
Net book value
At 31 December 2024 55,306
At 31 December 2023 70,783

THE SAFETY KNIFE CO. LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Trade Creditors £183545 Social Security and Other Taxes £15155 Other Creditors £13739