Safelock Systems Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01915898

Safelock Systems Limited

Filleted Unaudited Financial Statements

30 June 2026

Safelock Systems Limited

Statement of Financial Position

30 June 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		5,428	7,255

Current assets

Stocks		161,531	136,363
Debtors	6	144,205	193,041
Cash at bank and in hand		575,428	571,739
		---------	---------
		881,164	901,143

Creditors: amounts falling due within one year	7	68,987		98,977
		---------		---------
Net current assets			812,177	802,166
			---------	---------
Total assets less current liabilities			817,605	809,421

Provisions

Taxation including deferred tax	703	450
	---------	---------
Net assets	816,902	808,971
	---------	---------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		816,802	808,871
		---------	---------
Shareholders funds		816,902	808,971
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Safelock Systems Limited

Statement of Financial Position (continued)

30 June 2026

These financial statements were approved by the board of directors and authorised for issue on 11 September 2026 , and are signed on behalf of the board by:

Mr A Brown	Mrs J Hunt
Director	Director

Company registration number: 01915898

Safelock Systems Limited

Notes to the Financial Statements

Year ended 30 June 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gumnut Cottage, 6 Headley Common Road, Headley, Surrey, KT18 6NR, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have reviewed the anticipated level of future trading of the company for the period of 12 months from the date of signing the financial statements. Based on the forecasts the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	20% straight line
Plant and Machinery	-	25% straight line
Office equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2025: 6 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Office equipment	Total
	£	£	£	£
Cost
At 1 July 2025	5,751	50,902	78,680	135,333
Additions	–	–	2,007	2,007
	-------	--------	--------	---------
At 30 June 2026	5,751	50,902	80,687	137,340
	-------	--------	--------	---------
Depreciation
At 1 July 2025	5,751	50,902	71,425	128,078
Charge for the year	–	–	3,834	3,834
	-------	--------	--------	---------
At 30 June 2026	5,751	50,902	75,259	131,912
	-------	--------	--------	---------
Carrying amount
At 30 June 2026	–	–	5,428	5,428
	-------	--------	--------	---------
At 30 June 2025	–	–	7,255	7,255
	-------	--------	--------	---------

6. Debtors

	2026	2025
	£	£
Trade debtors	129,451	175,984
Other debtors	14,754	17,057
	---------	---------
	144,205	193,041
	---------	---------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	843	36,196
Corporation tax	12,125	290
Social security and other taxes	34,409	45,192
Barclaycard	171	205
Other creditors	21,439	17,094
	--------	--------
	68,987	98,977
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary Class A shares of £ 1 each	20	20	20	20
Ordinary Class B shares of £ 1 each	80	80	80	80
	----	----	----	----
	100	100	100	100
	----	----	----	----

9. Controlling party

The company was under the control of Mrs L Brown, Mr A Brown and Mrs J Hunt who are shareholders in the company.