REGISTERED NUMBER: 04720561 (England and Wales)

Financial Statements

for the Period 1 November 2024 to 31 December 2025

for

Safety Platforms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M H Barker

Ms G Barker-Moore

A Barker-Moore

REGISTERED OFFICE:

67 Alverthorpe Road

Wakefield

West Yorkshire

WF2 9NU

REGISTERED NUMBER:

04720561 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

40,043

12,754

CURRENT ASSETS

Stocks

50,885

18,854

Debtors

5

1,593,606

1,927,011

Cash at bank

150,168

80,450

1,794,659

2,026,315

CREDITORS

Amounts falling due within one year

6

351,726

645,820

NET CURRENT ASSETS

1,442,933

1,380,495

TOTAL ASSETS LESS CURRENT LIABILITIES

1,482,976

1,393,249

CREDITORS

Amounts falling due after more than one year

7

-

(6,020

)

PROVISIONS FOR LIABILITIES

(1,646

)

(3,188

)

NET ASSETS

1,481,330

1,384,041

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,481,230

1,383,941

SHAREHOLDERS' FUNDS

1,481,330

1,384,041

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 13 October 2026 and were signed on its behalf by:

M H Barker - Director

1.	STATUTORY INFORMATION

Safety Platforms 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 represented by net invoiced sales of goods and services provided during the course of business providing safety platforms and other products. Turnover is recognised upon the completion of the order when the the obligations transfer to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

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 period 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 in which they are defrayed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 November 2024

9,416

39,897

1,848

Additions

-

516

-

Disposals

-

-

(502

)

At 31 December 2025

9,416

40,413

1,346

DEPRECIATION

At 1 November 2024

3,634

34,291

1,161

Charge for period

1,012

2,739

379

Eliminated on disposal

-

-

(466

)

At 31 December 2025

4,646

37,030

1,074

NET BOOK VALUE

At 31 December 2025

4,770

3,383

272

At 31 October 2024

5,782

5,606

687

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

15,500

13,374

80,035

Additions

41,470

3,670

45,656

Disposals

-

(10,425

)

(10,927

)

At 31 December 2025

56,970

6,619

114,764

DEPRECIATION

At 1 November 2024

15,500

12,695

67,281

Charge for period

12,095

2,072

18,297

Eliminated on disposal

-

(10,391

)

(10,857

)

At 31 December 2025

27,595

4,376

74,721

NET BOOK VALUE

At 31 December 2025

29,375

2,243

40,043

At 31 October 2024

-

679

12,754

5.

DEBTORS

31.12.25

31.10.24

£

£

Amounts falling due within one year:

Trade debtors

140,349

147,186

Other debtors

1,120,500

1,485,004

1,260,849

1,632,190

Amounts falling due after more than one year:

Other debtors

332,757

294,821

Aggregate amounts

1,593,606

1,927,011

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.10.24

£

£

Bank loans and overdrafts

-

10,357

Trade creditors

186,878

199,394

Taxation and social security

139,772

408,815

Other creditors

25,076

27,254

351,726

645,820

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.10.24

£

£

Bank loans

-

6,020

8.	LEASING AGREEMENTS

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

31.12.25

31.10.24

£

£

Within one year

32,000

12,000

Between one and five years

120,000

9,000

152,000

21,000

9.	SECURED DEBTS

The Bank Overdraft is secured by a Debenture in favour of National Westminster Bank plc giving a fixed and floating charge on the company's assets. The charge was satisfied on 1st September 2026.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.25

31.10.24

£

£

M H Barker

Balance outstanding at start of period

972,600

914,704

Amounts advanced

271,799

148,005

Amounts repaid

(163,393

)

(90,109

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

1,081,006

972,600

Interest is charged at the official rate and the loan is repayable on demand.