REGISTERED NUMBER: 07907992 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Saferail Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Newton

REGISTERED OFFICE:

Unit 3

Whitting Valley Road

New Whittington

Chesterfield

Derbyshire

S41 9EY

REGISTERED NUMBER:

07907992 (England and Wales)

ACCOUNTANTS:

Hadfields Chartered Certified Accountants

Commerce House

658B Chatsworth Road

Chesterfield

Derbyshire

S40 3JZ

FIXED ASSETS

Tangible assets

4

18,200

12

CURRENT ASSETS

Stocks

23,000

7,410

Debtors

5

362,576

438,775

385,576

446,185

CREDITORS

Amounts falling due within one year

6

319,298

350,177

NET CURRENT ASSETS

66,278

96,008

TOTAL ASSETS LESS CURRENT LIABILITIES

84,478

96,020

CREDITORS

Amounts falling due after more than one year

7

23,311

19,927

NET ASSETS

61,167

76,093

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

61,067

75,993

SHAREHOLDERS' FUNDS

61,167

76,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 22 September 2025 and were signed by:

S Newton - Director

1.	STATUTORY INFORMATION

Saferail Systems 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.

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

33% 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 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2023

279

-

484

763

Additions

-

19,490

-

19,490

At 30 September 2024

279

19,490

484

20,253

DEPRECIATION

At 1 October 2023

272

-

479

751

Charge for year

2

1,299

1

1,302

At 30 September 2024

274

1,299

480

2,053

NET BOOK VALUE

At 30 September 2024

5

18,191

4

18,200

At 30 September 2023

7

-

5

12

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

129,504

126,927

Amounts owed by associates

231,053

311,848

Other debtors

2,019

-

362,576

438,775

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

21,936

18,677

Hire purchase contracts

4,872

-

Payments on account

3,632

3,632

Trade creditors

233,994

212,449

Taxation and social security

33,622

46,417

Other creditors

21,242

69,002

319,298

350,177

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

9,912

19,927

Hire purchase contracts

13,399

-

23,311

19,927

8.	RELATED PARTY DISCLOSURES

During the year:

Roof Safety Solutions Ltd made purchases of £160,415 from Saferail Systems Ltd (£349,165 - 2023).

Saferail Systems Ltd made purchases of £155,636 from Saferail Fabrications Ltd (£130,656 - 2023).

Saferail Systems Ltd made no sales to Saferail Fabrications Ltd (£6,003 - 2023)

At the end of the year, Roof Safety Solutions Limited owed £186,766 to Saferail Systems Limited (£205,670 - 2023)

At the end of the year, Saferail Fabrications Limited owed £44,287 to Saferail Systems Limited (£106,178 - 2023)