REGISTERED NUMBER: 11857631 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Project Safety Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J B Merryweather

REGISTERED OFFICE:

97 Lundhill Road

Wombwell

Barnsley

South Yorkshire

S73 0RL

REGISTERED NUMBER:

11857631 (England and Wales)

FIXED ASSETS

Tangible assets

4

38,344

51,604

CURRENT ASSETS

Debtors

5

73,187

59,257

Cash at bank

26,387

26,094

99,574

85,351

CREDITORS

Amounts falling due within one year

6

36,280

27,966

NET CURRENT ASSETS

63,294

57,385

TOTAL ASSETS LESS CURRENT LIABILITIES

101,638

108,989

CREDITORS

Amounts falling due after more than one year

7

(32,827

)

(46,161

)

PROVISIONS FOR LIABILITIES

(8,321

)

(9,805

)

NET ASSETS

60,490

53,023

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

60,480

53,013

SHAREHOLDERS' FUNDS

60,490

53,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 29 September 2025 and were signed by:

Mr J B Merryweather - Director

1.	STATUTORY INFORMATION

Project Safety Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

56,803

Additions

1,013

At 31 March 2025

57,816

DEPRECIATION

At 1 April 2024

5,199

Charge for year

14,273

At 31 March 2025

19,472

NET BOOK VALUE

At 31 March 2025

38,344

At 31 March 2024

51,604

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

12,178

27,144

Other debtors

61,009

32,113

73,187

59,257

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,190

5,135

Hire purchase contracts and finance leases

8,131

8,131

Trade creditors

331

-

Taxation and social security

21,533

13,675

Other creditors

1,095

1,025

36,280

27,966

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,770

7,973

Hire purchase contracts and finance leases

30,057

38,188

32,827

46,161

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10

Ordinary

£1

10

10

9.

RESERVES

Retained

earnings

£

At 1 April 2024

53,013

Profit for the year

49,467

Dividends

(42,000

)

At 31 March 2025

60,480

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors is £60,710 (2024: £31,513) in respect of a loan to the director. Interest in charged on the loan at 2.25% per annum with no fixed repayment terms.