Safetynet IT Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06430303 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SAFETYNET IT LTD

Page

Company Information

1

Report of the Directors

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

Mr J Harrop

Mr D T Angell

SECRETARY:

Mrs A R Harrop

REGISTERED OFFICE:

Suite A

Unit 10 Century Park

Caspian Road

Altrincham

WA14 5HH

REGISTERED NUMBER:

06430303 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

BANKERS:

NatWest Bank Plc

Altrincham Branch

23 Stamford New Road

Altrincham

Cheshire

WA14 1D8

The directors present their report with the financial statements of the company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of computer systems maintenance and the supply of hardware, consumables and equipment.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 November 2024 to the date of this report.

The beneficial interests of the directors holding office at 31 October 2025 in the shares of the company, according to the register of directors' interests, were as follows:

31.10.25

1.11.24

Ordinary A shares of £1 each

Mr J Harrop

900

Mr D T Angell

100

Ordinary B shares of £1 each

Mr J Harrop

1

Mr D T Angell

-

Ordinary C shares of £1 each

Mr J Harrop

-

1

Mr D T Angell

-

Ordinary D shares of £1 each

Mr J Harrop

-

Mr D T Angell

1

These directors did not hold any non-beneficial interests in any of the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr J Harrop - Director

24 July 2026

FIXED ASSETS

Tangible assets

4

3,438

1,268

CURRENT ASSETS

Stocks

5,760

6,000

Debtors

5

49,535

43,929

Cash at bank and in hand

285,382

189,278

340,677

239,207

CREDITORS

Amounts falling due within one year

6

(122,549

)

(83,116

)

NET CURRENT ASSETS

218,128

156,091

TOTAL ASSETS LESS CURRENT
LIABILITIES

221,566

157,359

PROVISIONS FOR LIABILITIES

(850

)

(296

)

NET ASSETS

220,716

157,063

CAPITAL AND RESERVES

Called up share capital

1,003

Retained earnings

219,713

156,060

SHAREHOLDERS' FUNDS

220,716

157,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 24 July 2026 and were signed on its behalf by:

Mr J Harrop - Director

1.	STATUTORY INFORMATION

Safetynet IT Ltd is a private company, limited by shares , registered in England and Wales. 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 November 2024

-

6,024

Additions

1,232

1,464

2,696

At 31 October 2025

1,232

7,488

8,720

DEPRECIATION

At 1 November 2024

-

4,756

Charge for year

26

500

526

At 31 October 2025

26

5,256

5,282

NET BOOK VALUE

At 31 October 2025

1,206

2,232

3,438

At 31 October 2024

-

1,268

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

28,692

23,991

Other debtors

20,843

19,938

49,535

43,929

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade creditors

19,337

10,894

Taxation and social security

93,999

59,175

Other creditors

9,213

13,047

122,549

83,116

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.10.24

£

Within one year

20,531

-

Between one and five years

40,036

-

60,567

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

Mr D T Angell

Balance outstanding at start of year

7,000

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

7,000

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Harrop.