ACCOUNTS - Final Accounts preparation

Company registration number: 05222875

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JANUARY 2025

	SAFETOTS LIMITED


SAFETOTS LIMITED

COMPANY INFORMATION

Directors	P M Boast
	D Boast


Company secretary	P M Boast


Registered number	05222875


Registered office	9 Raebarn Gardens
	Arkley Barnet
	Hertfordshire
	EN5 3DB


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


SAFETOTS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 8


SAFETOTS LIMITED REGISTERED NUMBER:05222875

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		7,000		10,500
Tangible assets	5		2,744,351		2,740,043
			2,751,351		2,750,543
Current assets
Stocks		1,283,876		978,659
Debtors: amounts falling due within one year	6	293,080		314,699
Bank and cash balances		152,938		549,981
		1,729,894		1,843,339
Creditors: amounts falling due within one year	7	(546,050)		(431,351)
Net current assets			1,183,844		1,411,988
Total assets less current liabilities			3,935,195		4,162,531
Creditors: amounts falling due after more than one year	8		(969,089)		(1,073,651)
Provisions for liabilities
Deferred tax		(400,471)		(399,006)
			(400,471)		(399,006)
Net assets			2,565,635		2,689,874

Capital and reserves
Called up share capital	100	100
Revaluation reserve	1,168,150	1,168,150
Profit and loss account	1,397,385	1,521,624
	2,565,635	2,689,874

Page 1


SAFETOTS LIMITED REGISTERED NUMBER:05222875

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

P M Boast

Director

Date: 22 October 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Safetots 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

33% and 20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of

Page 5


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.7

Financial instruments (continued)

business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including directors, during the year was 15 (2024 - 16).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 February 2024	35,000
	At 31 January 2025	35,000
	Amortisation
	At 1 February 2024	24,500
	Charge for the year on owned assets	3,500
	At 31 January 2025	28,000
	Net book value
	At 31 January 2025	7,000
	At 31 January 2024	10,500

Page 6


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

5.	Tangible fixed assets

	Freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 February 2024	2,700,000	174,129	53,479	2,927,608
Additions	-	8,888	11,761	20,649
At 31 January 2025	2,700,000	183,017	65,240	2,948,257
Depreciation
At 1 February 2024	-	152,821	34,744	187,565
Charge for the year on owned assets	-	9,286	7,055	16,341
At 31 January 2025	-	162,107	41,799	203,906
Net book value
At 31 January 2025	2,700,000	20,910	23,441	2,744,351
At 31 January 2024	2,700,000	21,308	18,735	2,740,043

Debtors

					2025	2024
					£	£


Trade debtors	279,394	300,590
Other debtors	7,600	8,284
Prepayments and accrued income	6,086	5,825
	293,080	314,699

Page 7


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	50,764	46,904
Other loans	50,187	46,777
Trade creditors	129,169	87,284
Corporation tax	51,127	48,345
Other taxation and social security	127,446	97,151
Other creditors	20,148	21,919
Accruals and deferred income	117,209	82,971
	546,050	431,351

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	62,895	115,561
Other loans	200,748	187,107
Other creditors	705,446	770,983
	969,089	1,073,651

The following liabilities were secured:
	2025	2024
	£	£


Mortgages	956,381	1,004,867
	956,381	1,004,867

Details of security provided:

The company has allowed a fixed charge over the company's assets, including the freehold land and buildings
with a carrying amount of £2,700,000 (2024: £2,700,000), as security for the bank loan.

9.	Transactions with directors

At the reporting date the company owed £316 (2024: £651) to the directors. The balance can be found within creditors due within one year and no interest is being charged.

Page 8