REGISTERED NUMBER: 05309017 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SAFE SPACE LOCKERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D M Hyett

REGISTERED OFFICE:

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

REGISTERED NUMBER:

05309017 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Intangible assets

4

6,996

8,996

Tangible assets

5

34,288

39,106

41,284

48,102

CURRENT ASSETS

Stocks

6

59,163

51,898

Debtors

7

487,156

465,104

Cash at bank

309,914

97,736

856,233

614,738

CREDITORS

Amounts falling due within one year

8

918,473

713,484

NET CURRENT LIABILITIES

(62,240

)

(98,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,956

)

(50,644

)

CREDITORS

Amounts falling due after more than one year

9

(2,171

)

(11,241

)

PROVISIONS FOR LIABILITIES

11

(7,095

)

(7,962

)

NET LIABILITIES

(30,222

)

(69,847

)

CAPITAL AND RESERVES

Called up share capital

12

105

105

Capital redemption reserve

95

95

Retained earnings

(30,422

)

(70,047

)

SHAREHOLDERS' FUNDS

(30,222

)

(69,847

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2026 and were signed by:

D M Hyett - Director

1.	STATUTORY INFORMATION

Safe Space Lockers 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.

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 recieved 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference of 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 18% reducing balance

Motor Vehicles - 25% straight line

Improvements to prop - 4% straight line

Plant and machinery - 33.33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling prices less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. All assets are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

19,995

AMORTISATION

At 1 January 2025

10,999

Charge for year

2,000

At 31 December 2025

12,999

NET BOOK VALUE

At 31 December 2025

6,996

At 31 December 2024

8,996

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

56,578

Additions

2,163

At 31 December 2025

58,741

DEPRECIATION

At 1 January 2025

17,472

Charge for year

6,981

At 31 December 2025

24,453

NET BOOK VALUE

At 31 December 2025

34,288

At 31 December 2024

39,106

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

14,995

DEPRECIATION

At 1 January 2025

5,311

Charge for year

3,748

At 31 December 2025

9,059

NET BOOK VALUE

At 31 December 2025

5,936

At 31 December 2024

9,684

6.

STOCKS

31.12.25

31.12.24

£

£

Stocks

59,163

51,898

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

387,941

406,821

Other debtors

29,500

24,500

Prepayments and accrued income

69,715

33,783

487,156

465,104

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

5,000

10,000

Hire purchase contracts (see note 10)

4,070

3,731

Trade creditors

422,418

379,437

Taxation and social security

166,147

80,107

Other creditors

320,838

240,209

918,473

713,484

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

5,000

Hire purchase contracts (see note 10)

2,171

6,241

2,171

11,241

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

4,070

3,731

Between one and five years

2,171

6,241

6,241

9,972

11.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

7,095

7,962

Deferred

tax

£

Balance at 1 January 2025

7,962

Provided during year

(867

)

Balance at 31 December 2025

7,095

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

95

A Ordinary

£1

95

95

95

B Ordinary

£1

-

-

10

C Ordinary

£1

10

10

105

105

The shares shall rank pari passu in all respects except the ''C'' shares shall have no voting rights and the directors shall have the right to declare dividends at different rates or declare no dividend in respect of each class of share separately.

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.25

31.12.24

£

£

Director

Balance outstanding at start of year

(1,527

)

(1,527

)

Amounts advanced

160,960

-

Amounts repaid

(160,400

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(967

)

(1,527

)

Interest has been charged on the directors loan account.