ACCOUNTS - Final Accounts preparation

Company registration number: 05222875

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JANUARY 2026

	SAFETOTS LIMITED


SAFETOTS LIMITED

COMPANY INFORMATION

Directors	P M Boast
	D Boast


Company secretary	P M Boast


Registered number	05222875


Registered office	9 Raebarn Gardens
	Arkley Barnet
	Hertfordshire
	EN5 3DB


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Herts
	SG1 3QP


SAFETOTS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 9


SAFETOTS LIMITED REGISTERED NUMBER:05222875

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Intangible assets	5		3,500		7,000
Tangible assets	6		2,730,620		2,744,351
			2,734,120		2,751,351
Current assets
Stocks		806,248		1,283,876
Debtors: amounts falling due within one year	7	470,711		293,080
Bank and cash balances		398,836		152,938
		1,675,795		1,729,894
Creditors: amounts falling due within one year	8	(601,542)		(546,050)
Net current assets			1,074,253		1,183,844
Total assets less current liabilities			3,808,373		3,935,195
Creditors: amounts falling due after more than one year	9		(850,271)		(969,089)
Provisions for liabilities
Deferred tax		(397,038)		(400,471)
			(397,038)		(400,471)
Net assets			2,561,064		2,565,635

Capital and reserves
Called up share capital	100	100
Revaluation reserve	1,168,150	1,168,150
Profit and loss account	1,392,814	1,397,385
	2,561,064	2,565,635

Page 1


SAFETOTS LIMITED REGISTERED NUMBER:05222875

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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:

................................................

P M Boast

Director

Date: 6 August 2026

The notes on pages 3 to 9 form part of these financial statements.

Page 2


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Safetots Limited 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.

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

2.Accounting policies

2.1

Basis of preparation of financial statements

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:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue 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 following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

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.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

33% and 20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.

Fair values are determined from market based evidence normally undertaken by the directors.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

2.8

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Page 5


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.8

Financial instruments (continued)

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates.

The directors do not consider that there are any critical judgements, apart from those involving estimations, that have had a significant effect on the amounts recognised in the financial statements.

The following are considered to be the key sources of estimation uncertainty:

Inventory valuation:
Inventories are stated at the lower of cost and net realisable value. The directors review inventory holdings at the reporting date and make estimates regarding the recoverability of slow-moving, obsolete or damaged stock. Changes in future demand and selling prices may result in revisions to these estimates.

Freehold property valuation:
The Company's freehold property is carried at valuation. The directors review the carrying value of the property at each reporting date and consider whether there are indicators of impairment or evidence that the carrying value differs materially from fair value. Changes in market conditions and property values could result in a material adjustment to the carrying amount of the property in future periods.

Employees

The average monthly number of employees, including directors, during the year was 13 (2025 - 15).

Page 6


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

5.	Intangible assets

		Goodwill
		£
	Cost
	At 1 February 2025	35,000
	At 31 January 2026	35,000
	Amortisation
	At 1 February 2025	28,000
	Charge for the year on owned assets	3,500
	At 31 January 2026	31,500
	Net book value
	At 31 January 2026	3,500
	At 31 January 2025	7,000

6.	Tangible fixed assets

	Freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 February 2025	2,700,000	183,017	65,240	2,948,257
Additions	-	2,988	-	2,988
At 31 January 2026	2,700,000	186,005	65,240	2,951,245
Depreciation
At 1 February 2025	-	162,107	41,799	203,906
Charge for the year on owned assets	-	9,341	7,378	16,719
At 31 January 2026	-	171,448	49,177	220,625
Net book value
At 31 January 2026	2,700,000	14,557	16,063	2,730,620
At 31 January 2025	2,700,000	20,910	23,441	2,744,351

Page 7


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Debtors

					2026	2025
					£	£


Trade debtors	451,906	279,394
Other debtors	272	7,600
Prepayments and accrued income	18,533	6,086
	470,711	293,080

8.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	112,084	100,951
Trade creditors	90,739	129,169
Corporation tax	70,580	51,127
Other taxation and social security	139,616	127,446
Other creditors	60,162	20,148
Accruals and deferred income	128,361	117,209
	601,542	546,050

9.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	850,271	969,089
	850,271	969,089

The following liabilities were secured:
	2026	2025
	£	£


Mortgages	901,394	956,381
	901,394	956,381

Details of security provided:

The company has allowed a fixed charge over the company's assets, including the freehold land and buildings
with a carrying amount of £2,700,000 (2024: £2,700,000), as security for the bank loan.

Page 8


SAFETOTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

10.	Transactions with directors

At the reporting date the company owed £35,125 (2025: £884) to the directors. The balance can be found within creditors due within one year and no interest is being charged.

Page 9