Floor Safe Solutions Ltd 28/02/2025 iXBRL

Company registration number: SC418959

Floor Safe Solutions Ltd

Unaudited filleted financial statements

28 February 2025

Floor Safe Solutions Ltd

Statement of financial position

28 February 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	41,917		7,937
		_______		_______
			41,917		7,937

Current assets
Debtors	6	288,832		311,582
Cash at bank and in hand		78,717		67,218
		_______		_______
		367,549		378,800
Creditors: amounts falling due
within one year	7	( 194,044)		( 231,624)
		_______		_______
Net current assets			173,505		147,176
			_______		_______
Total assets less current liabilities			215,422		155,113

Creditors: amounts falling due
after more than one year	8		( 33,529)		( 13,333)
			_______		_______
Net assets			181,893		141,780
			_______		_______

Capital and reserves
Called up share capital	9		100		100
Profit and loss account			181,793		141,680
			_______		_______
Shareholders funds			181,893		141,780
			_______		_______

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 02 December 2025 , and are signed on behalf of the board by:

Mr Lee Jarvis

Director

Company registration number: SC418959

Floor Safe Solutions Ltd

Notes to the financial statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in Scotland (SC481859). The address of the registered office is 12 Ian Rankin Court, Cardenden, Lochgelly, Fife, KY5 ODR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable after the deduction of trade discounts and value added tax and represents amounts chargeable to customers for services provided throughout the year. In respect of contracts for on-going services, turnover is recognised based on the percentage of work completed at the year end, based on the selling price. Provision is made for contingencies and anticipated future losses on contracts.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Hire purchase and finance leases

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.Cash at bank and in hand includes cash and short term highly liquid investments.Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 29 February 2024	22,943	25,993	48,936
Additions	9,077	39,211	48,288
	_______	_______	_______
At 28 February 2025	32,020	65,204	97,224
	_______	_______	_______
Depreciation
At 29 February 2024	21,175	19,825	41,000
Charge for the year	2,962	11,345	14,307
	_______	_______	_______
At 28 February 2025	24,137	31,170	55,307
	_______	_______	_______
Carrying amount
At 28 February 2025	7,883	34,034	41,917
	_______	_______	_______
At 28 February 2024	1,768	6,168	7,936
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	261,688	278,815
Other debtors	27,144	32,767
	_______	_______
	288,832	311,582
	_______	_______

Other debtors

Prepayments and accrued income 3,995 12,641

Other 23,149 20,126

_______ | _______ |

27,144 32,767

_______ | _______ |

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	19,630
Trade creditors	65,812	139,137
Corporation tax	23,237	27,537
Social security and other taxes	8,040	4,262
Other creditors	86,955	41,058
	_______	_______
	194,044	231,624
	_______	_______

Other creditors

Accruals and deferred income 51,475 27,157

Other 35,480 13,901

_______ | _______ |

86,955 41,058

_______ | _______ |

Secured creditors 14,254 19,630

_______ | _______ |

Bank loans and overdrafts are secured.

HP creditors and obligations under finance leases are secured over the relevant assets.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,333	13,333
Other creditors	30,196	-
	_______	_______
	33,529	13,333
	_______	_______

Secured creditors 33,529 13,333

_______ | _______ |

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

10. Related party transactions

Included in creditors is a loan from the spouse of the director of £ 676 (2024 debtor £515). The loan is interest free and repayable on demand.