ACCOUNTS - Final Accounts

COMMITMENTS UNDER OPERATING LEASES

At 30 June 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 05331313

SAFETY DEVICES INTERNATIONAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

SAFETY DEVICES INTERNATIONAL LIMITED

REGISTERED NUMBER: 05331313

BALANCE SHEET

AS AT 30 JUNE 2025

		2025		2024
Note		£		£


CURRENT ASSETS
Stocks		511,921		587,865
Debtors: amounts falling due within one year	4	527,686		516,631
Cash at bank and in hand		155,161		76,373
		1,194,768		1,180,869
Creditors: amounts falling due within one year	5	(354,286)		(319,594)
NET CURRENT ASSETS			840,482		861,275
TOTAL ASSETS LESS CURRENT LIABILITIES			840,482		861,275
Creditors: amounts falling due after more than one year	6		(70,409)		(122,390)

NET ASSETS			770,073		738,885

CAPITAL AND RESERVES
Called up share capital	7	1,000	1,000
Profit and loss account		769,073	737,885
		770,073	738,885

Page 1

SAFETY DEVICES INTERNATIONAL LIMITED

REGISTERED NUMBER: 05331313

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2025

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:

Mr A Lloyd

Director

Date: 28 October 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

SAFETY DEVICES INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	GENERAL INFORMATION

Safety Devices International Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Cambridge House, Holborn Avenue, Mildenhall, Suffolk, IP28 7AN.

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.

2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

TURNOVER

Turnover comprises revenue recognised by the Company in respect of manufacture and resale of safety equipment to the motor sport and automotive trades and associated services supplied during the year, exclusive of Value Added Tax and trade discounts.

2.4

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

RESEARCH AND DEVELOPMENT

Research and development costs are written off to the Profit and Loss account as they are incurred.

Page 3

SAFETY DEVICES INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

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 balance sheet date in the countries where the Company operates and generates income.

2.8

STOCKS

Stocks are valued at the lower of cost and net realisable value after making due allowances for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress and finished goods include labour and attributable overheads.

2.9

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

SAFETY DEVICES INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.12

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 18 (2024 - 18).

DEBTORS

					2025	2024
					£	£


Trade debtors	342,751	391,433
Amounts owed by group undertakings	-	26,895
Other debtors	140,252	26,251
Prepayments and accrued income	44,683	72,052
	527,686	516,631

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Bank loans	51,978	56,079
Trade creditors	95,173	126,810
Amounts owed to group undertakings	66,513	-
Other taxation and social security	55,961	63,968
Other creditors	2,472	2,321
Accruals and deferred income	82,189	70,416
	354,286	319,594

Bank loans includes a Government backed 'Bounce Back' Loan of £10,311 (2024 - £10,941) which was drawn down in March 2021. This loan is 100% guaranteed by the Government and there were no fees or interest payable in the first twelve months. After twelve months, interest was charged at 2.5% per annum.
The Company also took out a Recovery Loan in December 2021. This loan is repayable over 60 months and is included in Bank loans totalling £41,667 (2024 - £45,138). The interest on the loan is variable.

Page 5

SAFETY DEVICES INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

6.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025	2024
		£	£

Bank loans	70,409	122,390
	70,409	122,390

Bank loans includes a Government backed 'Bounce Back' Loan of £7,910 (2024 - £18,223) which was drawn down in March 2021. This loan is 100% guaranteed by the Government and there were no fees or interest payable in the first twelve months. After twelve months, interest was charged at 2.5% per annum.
The Company also took out a Recovery Loan in December 2021. This loan is repayable over 60 months and is included in Bank loans totalling £62,499 (2024 - £104,167). The interest on the loan is variable.

7.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

1,000 (2024 - 1,000) Ordinary shares of £1.00 each	1,000	1,000

8.	PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in and independently administered fund. Contributions totalling £2,472 (2024 - £2,321) were payable to the fund at the balance sheet date and are included in creditors.

	Not later than 1 year	-	16,000
		-	16,000

Page 6