Company Registration No. 02556771 (England and Wales)
Safety Air Services Ltd
Unaudited accounts
for the year ended 30 November 2025
Safety Air Services Ltd
Unaudited accounts
Contents
Safety Air Services Ltd
Company Information
for the year ended 30 November 2025
Directors
Mr A Hares
Mr P Hares
Company Number
02556771 (England and Wales)
Registered Office
122-128 Lake Road
Portsmouth
Hampshire
PO1 4HH
Accountants
Babcock Tax & Accountancy Services Ltd
The Florins, 8 Lulworth Close
Hayling Island
Hampshire
PO11 0NY
Safety Air Services Ltd
Statement of financial position
as at 30 November 2025
Tangible assets
17,668
21,292
Cash at bank and in hand
100,649
167,319
Creditors: amounts falling due within one year
(12,208)
(13,312)
Net current assets
107,869
176,136
Net assets
125,537
197,428
Called up share capital
100
100
Profit and loss account
125,437
197,328
Shareholders' funds
125,537
197,428
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2026 and were signed on its behalf by
Mr A Hares
Director
Company Registration No. 02556771
Safety Air Services Ltd
Notes to the Accounts
for the year ended 30 November 2025
Safety Air Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 02556771. The registered office is 122-128 Lake Road, Portsmouth, Hampshire, PO1 4HH.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery - 10% on reducing balance
Fixtures & fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Safety Air Services Ltd
Notes to the Accounts
for the year ended 30 November 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill, being the amount paid in connection with the acquisition of the business in 1991, has been amortised evenly over its useful estimated life of twenty years.
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing these financial statements.
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Intangible fixed assets
Goodwill
At 1 December 2024
148,144
At 30 November 2025
148,144
At 1 December 2024
148,144
At 30 November 2025
148,144
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2024
122,497
62,422
5,572
2,817
193,308
At 30 November 2025
122,497
62,422
5,572
2,817
193,308
At 1 December 2024
111,445
52,461
5,293
2,817
172,016
Charge for the year
1,106
2,490
28
-
3,624
At 30 November 2025
112,551
54,951
5,321
2,817
175,640
At 30 November 2025
9,946
7,471
251
-
17,668
At 30 November 2024
11,052
9,961
279
-
21,292
Safety Air Services Ltd
Notes to the Accounts
for the year ended 30 November 2025
Amounts falling due within one year
Trade debtors
12,076
15,457
Accrued income and prepayments
5,852
5,064
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,405
2,197
Taxes and social security
2,218
3,649
Loans from directors
301
301
The ultimate controlling party is Solent Divers (Portsmouth) Limited.
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Average number of employees
During the year the average number of employees was 4 (2024: 4).