V Safety Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

V Safety Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10447575 . The registered office is 1st Floor, Fleetsbridge House, Fleets Corner Business Park, Nuffield Road, Poole, Dorset, BH17 0LA.

The presentation currency of the financial statements is the Pound Sterling (£).

All monetary amounts are rounded to the nearest pound.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Financial Instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables or receivables are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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V Safety Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	987,927	805,385
Amounts owed by group undertakings	11,906,922	10,758,227

	12,894,849	11,563,612

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	463	79,867
Amounts owed to group undertakings	12,397,654	11,034,408
Other creditors	44,726	34,879
Taxation and social security	25,391	60,810

	12,468,234	11,209,964

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

7. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9. Ultimate Controlling Party

The company's ultimate controlling party is Poole Bay Holdings Ltd by virtue of its 100% ownership of the issued share capital. Its registered office is 1st Floor, Fleetsbridge House, Fleets Corner Business Park, Nuffield Road, Poole, Dorset, United Kingdom, BH17 0LA.

The highest level at which consolidated accounts are prepared and published is Poole Bay Holdings Ltd and these accounts are available from the company's registered office address.

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V Safety Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Audit Information

The auditor's report on the accounts of V Safety Limited for the year ended 31 March 2025 was unqualified.

The auditor's report was signed by Martin Cox (Senior Statutory Auditor) for and on behalf of mca Banbury ltd , Statutory Auditor.

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		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	12,894,849		11,563,612
Cash at bank and in hand		6,481		3,276

		12,901,330		11,566,888
Creditors: Amounts Falling Due Within One Year	5	(12,468,234 )		(11,209,964 )

NET CURRENT ASSETS (LIABILITIES)			433,096		356,924

TOTAL ASSETS LESS CURRENT LIABILITIES			433,096		356,924

NET ASSETS			433,096		356,924

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			433,095		356,923

SHAREHOLDERS' FUNDS			433,096		356,924