REGISTERED NUMBER: SC396030 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Safetygrip Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Watt

S McWilliam

REGISTERED OFFICE:

Unit 1 Cairnrobin Pipeyard

Marywell

Portlethen

Aberdeen City

AB12 4SB

REGISTERED NUMBER:

SC396030 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

FIXED ASSETS

Tangible assets

4

99,286

44,393

CURRENT ASSETS

Stocks

49,550

43,390

Debtors

5

277,154

228,463

Cash at bank

87,796

25,056

414,500

296,909

CREDITORS

Amounts falling due within one year

6

149,719

82,871

NET CURRENT ASSETS

264,781

214,038

TOTAL ASSETS LESS CURRENT LIABILITIES

364,067

258,431

CREDITORS

Amounts falling due after more than one year

7

11,085

-

NET ASSETS

352,982

258,431

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

352,970

258,419

SHAREHOLDERS' FUNDS

352,982

258,431

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by:

M Watt - Director

1.	STATUTORY INFORMATION

Safetygrip Solutions Ltd is a private company, limited by shares , registered in Scotland. 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.

Short leasehold

-

20% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 11 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

42,544

186,250

228,794

Additions

-

84,544

84,544

Disposals

-

(21,378

)

(21,378

)

At 31 March 2025

42,544

249,416

291,960

DEPRECIATION

At 1 April 2024

42,544

141,857

184,401

Charge for year

-

27,035

27,035

Eliminated on disposal

-

(18,762

)

(18,762

)

At 31 March 2025

42,544

150,130

192,674

NET BOOK VALUE

At 31 March 2025

-

99,286

99,286

At 31 March 2024

-

44,393

44,393

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

269,593

196,325

Other debtors

7,561

32,138

277,154

228,463

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,764

1,853

Hire purchase contracts

3,300

-

Trade creditors

59,479

42,002

Taxation and social security

68,252

30,255

Other creditors

7,924

8,761

149,719

82,871

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

4,485

-

Hire purchase contracts

6,600

-

11,085

-

8.	RELATED PARTY DISCLOSURES

During the year the director Mark Watt advanced the company net amounts totalling £706. This amount remained outstanding at 31/03/2025 and is included within other creditors in the notes to the accounts.