REGISTERED NUMBER: 01387726 (England and Wales)

ASPLI SAFETY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J S Heaton

Mrs J S Lowery

Mr S J Warner

SECRETARY:

Mrs J S Lowery

REGISTERED OFFICE:

211 Hunslet Road

Leeds

West Yorkshire

LS10 1PF

REGISTERED NUMBER:

01387726 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

BANKERS:

HSBC Bank Plc

2 Cloth Hall Street

Huddersfield

HD1 2ES

SOLICITORS:

Bailey Smailes Heap Marshall

6 New North Parade

Huddersfield

HD1 5JP

FIXED ASSETS

Tangible assets

4

364,128

377,372

CURRENT ASSETS

Stocks

312,391

324,639

Debtors

5

113,500

170,470

Cash at bank and in hand

289,977

432,783

715,868

927,892

CREDITORS

Amounts falling due within one year

6

(441,377

)

(615,241

)

NET CURRENT ASSETS

274,491

312,651

TOTAL ASSETS LESS CURRENT LIABILITIES

638,619

690,023

CREDITORS

Amounts falling due after more than one year

7

(4,409

)

(14,806

)

PROVISIONS FOR LIABILITIES

9

(6,484

)

(9,107

)

NET ASSETS

627,726

666,110

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserves

10

202,580

202,580

Capital redemption reserve

10,000

10,000

Retained earnings

415,046

453,430

SHAREHOLDERS' FUNDS

627,726

666,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr J S Heaton - Director

1.	STATUTORY INFORMATION

Aspli 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of accounting

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 as modified by the revaluation of certain assets.

Turnover

Turnover is recognised on the supply of goods to the customer net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, and accruals are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

453,518

293,877

747,395

Additions

-

11,165

11,165

Disposals

-

(26,990

)

(26,990

)

At 31 December 2024

453,518

278,052

731,570

DEPRECIATION

At 1 January 2024

123,115

246,908

370,023

Charge for year

7,251

14,456

21,707

Eliminated on disposal

-

(24,288

)

(24,288

)

At 31 December 2024

130,366

237,076

367,442

NET BOOK VALUE

At 31 December 2024

323,152

40,976

364,128

At 31 December 2023

330,403

46,969

377,372

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2007

450,000

-

450,000

Cost

3,518

278,052

281,570

453,518

278,052

731,570

If freehold property had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

274,007

274,007

Aggregate depreciation

67,008

63,278

Freehold property was valued on an open market basis on 16 November 2007 by Eddisons .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

102,552

161,274

Other debtors

10,948

9,196

113,500

170,470

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,397

10,140

Trade creditors

262,522

331,854

Taxation and social security

100,621

203,880

Other creditors

67,837

69,367

441,377

615,241

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,409

14,806

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

14,806

24,946

Mr C & Mrs B Heaton

6,441

11,888

21,247

36,834

Bounceback loans are secured by the government.

The loans from Mr C & Mrs B Heaton are secured against the property.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Excess of taxation allowances over depreciation on fixed assets

6,484

9,107

Deferred

tax

£

Balance at 1 January 2024

9,107

Provided during year

(2,623

)

Balance at 31 December 2024

6,484

10.

RESERVES

Non-distributable

reserves

£

At 1 January 2024

and 31 December 2024

202,580

11.	RELATED PARTY DISCLOSURES

Directors loans totalling £23,622 (2023: £20,472) were due to the Directors at 31 December 2024, and will be repaid when funds permit.

Loans totalling £6,441 (2023: £11,888) were due to shareholders at 31 December 2024 and will be repaid when funds permit. Interest is paid on the loans at a commercial rate.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J S Heaton.