Registration number: 02047838

Safecontrol Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Safecontrol Limited

Company Information

Directors

D Abell L A Bankhurst A Thomas

Registered office

Tattershall Way Fairfield Industrial Estate Louth Lincolnshire LN11 0YZ

Safecontrol Limited

(Registration number: 02047838)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	220,932	251,714
Current assets
Stocks	6	26,000	46,000
Debtors	7	325,297	296,407
Cash at bank and in hand		12,272	42,505
		363,569	384,912
Creditors: Amounts falling due within one year	8	(268,552)	(261,078)
Net current assets		95,017	123,834
Total assets less current liabilities		315,949	375,548
Creditors: Amounts falling due after more than one year	8	(48,946)	(58,758)
Provisions for liabilities		(49,709)	(57,052)
Net assets		217,294	259,738
Capital and reserves
Called up share capital		100	100
Retained earnings		217,194	259,638
Shareholders' funds		217,294	259,738

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 9 December 2025 and signed on its behalf by:
 

......................................... D Abell Director

......................................... L A Bankhurst Director

......................................... A Thomas Director

Safecontrol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 02047838.

The address of its registered office is:
Tattershall Way
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0YZ
England

These financial statements cover the individual entity, Safecontrol Limited.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Safecontrol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	25% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Safecontrol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 22 (2024 - 22).

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	67,560	61,076

Safecontrol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	159,387	371,411	530,798
Additions	-	44,765	44,765
Disposals	-	(30,291)	(30,291)
At 31 August 2025	159,387	385,885	545,272
Depreciation
At 1 September 2024	146,181	132,903	279,084
Charge for the year	3,583	63,977	67,560
Eliminated on disposal	-	(22,304)	(22,304)
At 31 August 2025	149,764	174,576	324,340
Carrying amount
At 31 August 2025	9,623	211,309	220,932
At 31 August 2024	13,206	238,508	251,714

6

Stocks

	2025 £	2024 £
Work in progress	24,000	44,000
Finished goods and goods for resale	2,000	2,000
	26,000	46,000

7

Debtors

Current	2025 £	2024 £
Trade debtors	294,195	262,634
Prepayments	2,621	6,236
Other debtors	28,481	27,537
	325,297	296,407

Safecontrol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	51,865	46,765
Trade creditors		126,911	169,826
Social security and other taxes		22,382	27,840
Outstanding defined contribution pension costs		484	1,114
Other payables		19,606	12,140
Accruals		14,664	3,393
Income tax liability		32,640	-
		268,552	261,078
Due after one year
Loans and borrowings	9	48,946	58,758

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £44,470 (2024 -£45,794).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	48,946	58,758

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £48,946 (2024 - £58,758).

9	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Hire purchase contracts	48,946	58,758

	2025 £	2024 £
Current loans and borrowings
Hire purchase contracts	44,470	45,794
Other borrowings	7,395	971
	51,865	46,765

Safecontrol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

10	Related party transactions

Transactions with Directors

2025	At 1 September 2024 £	Advances to Director £	Repayments by Director £	At 31 August 2025 £
DLA	(7,264)	(125,569)	124,625	(8,208)

2024	At 1 September 2023 £	Advances to Director £	Repayments by Director £	At 31 August 2024 £
DLA	(346)	(92,243)	85,325	(7,264)