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Registered number: 07377491
SAFETY CARE LIMITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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SAFETY CARE LIMITED
REGISTERED NUMBER: 07377491
BALANCE SHEET
AS AT 31 MARCH 2025
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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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:
The notes on pages 3 to 7 form part of these financial statements.
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SAFETY CARE LIMITED
REGISTERED NUMBER: 07377491
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
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SAFETY CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Safety Care Limited is a private company limited by shares and incorporated in England and Wales.
The address of its registered office is Greenwood House, Greenwood Court, Skyliner Way, Bury St Edmunds, Suffolk, IP32 7GY.
2.Accounting policies
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Basis of preparation of financial statements
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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:
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the 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 financial statements have been prepared on a going concern basis as the directors believe that balances due from group undertakings are recoverable by virtue of the assurances given by the ultimate parent company on the ongoing support for this subsidiary.
Interest income is recognised in profit or loss using the effective interest method.
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.
The estimated useful lives range as follows:
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SAFETY CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
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The company does not have a tax liability for the year due to the offset of group tax losses.
The company has tax losses of £15,456 (2024 - £15,456) that are available for offset against future taxable trading profits as at 31 March 2025.
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SAFETY CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Charge for the year on owned assets
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Investments in subsidiary companies
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SAFETY CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Due after more than one year
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Amounts owed by group undertakings
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Amounts owed by group undertakings
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Allotted, called up and fully paid
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50,100 (2024 - 50,100) Ordinary shares of £1.00 each
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SAFETY CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Related party transactions
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Lalan Rubbers (Pvt) Limited:
The parent company, registered is Sri Lanka.
At the year end there was a loan balance of £100,000 (2024 - £100,000) owed by the company. The loan is interest free and no repayment terms have been agreed.
At the year end there was a balance of £2,000 (2024 - £2,000) due to the company and included in debtors.
World of Outdoors Limited:
A Subsidiary company.
At the year end there was a balance of £nil (2024 - £330,691) due to the company. During the year, interest was charged and paid of £5,268 (2024 - £9,030).
Davern Work-Wear Limited:
A Subsidiary company.
At the year end there was a balance of £240,000 (2024 - £80,000) due to the company.
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Lalan Rubbers (Pvt) Ltd (incorporated in Sri Lanka) is regarded by the directors as being the company's ultimate parent company. The main address of the company is shown below:
No 95B, Zone A
Export Processing Zone
Biyagama
Malwana
Sri Lanka
The ultimate controlling party is L P Hapangama.
The auditors' report on the financial statements for the year ended 31 March 2025 was qualified.
The qualification in the audit report was as follows:
Included in fixed asset investments is a balance of £25,084 in respect of the company's 100% holding in a subsidiary company. In our opinion the company is unlikely to recover this amount and a full provision should have been made. Accordingly the profit for the year should have decreased by £25,084 and the reserves reduced by £25,084.
The audit report was signed on 31 December 2025 by Jonathan Moore ACCA (Senior Statutory Auditor) on behalf of Whitings LLP.
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