REGISTERED NUMBER: 14026437 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Saferail Fabrications Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Newton

REGISTERED OFFICE:

Commerce House

658b Chatsworth Road

Chesterfield

Derbyshire

S40 3JZ

REGISTERED NUMBER:

14026437 (England and Wales)

ACCOUNTANTS:

Hadfields Chartered Certified Accountants

Commerce House

658B Chatsworth Road

Chesterfield

Derbyshire

S40 3JZ

FIXED ASSETS

Tangible assets

4

57,289

66,661

CURRENT ASSETS

Stocks

2,000

4,320

Debtors

5

254,584

191,172

Cash at bank

4,211

49,948

260,795

245,440

CREDITORS

Amounts falling due within one year

6

242,818

229,114

NET CURRENT ASSETS

17,977

16,326

TOTAL ASSETS LESS CURRENT LIABILITIES

75,266

82,987

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

75,166

82,887

75,266

82,987

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 Fabrications Ltd 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.

Plant and machinery

-

20% on reducing balance and 15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

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 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2023

82,828

3,802

208

86,838

Additions

-

-

1,013

1,013

At 30 September 2024

82,828

3,802

1,221

87,851

DEPRECIATION

At 1 October 2023

19,112

1,006

59

20,177

Charge for year

9,557

559

269

10,385

At 30 September 2024

28,669

1,565

328

30,562

NET BOOK VALUE

At 30 September 2024

54,159

2,237

893

57,289

At 30 September 2023

63,716

2,796

149

66,661

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

159,203

101,172

Amounts owed by associates

95,381

90,000

254,584

191,172

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

58,706

57,847

Amounts owed to associates

44,287

106,178

Taxation and social security

103,155

37,179

Other creditors

36,670

27,910

242,818

229,114

7.	RELATED PARTY DISCLOSURES

During the year Saferail Fabrications Ltd made sales of :

£49,913 to Roof Safety Solutions Ltd (2023 - £32,137)

£155,636 to Saferail Systems Ltd (2023 - £130,657)

During the year Saferail Fabrications Ltd made purchases of :

£nil from Saferail Systems Ltd (2023 - £6,003)

£nil from Roof Safety Solutions Ltd (2023 - £4,840)

At the end of the year, Saferail Fabrications Ltd owed :

£44,287 to Saferail Systems Ltd (2023 - £106,178)

and were owed :

£95,381 by Roof Safety Solutions Ltd (2023 - £90,000)