THE SAFETY DEPOSIT CENTRE LTD

THE SAFETY DEPOSIT CENTRE LTD

THE SAFETY DEPOSIT CENTRE LTD - Company Information

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1 May 2018 false Taxfiler 2020.15 08476353business:PrivateLimitedCompanyLtd2018-05-012019-03-31 084763532018-04-30 084763532018-05-012019-03-31 08476353business:AuditExemptWithAccountantsReport2018-05-012019-03-31 08476353business:FullAccounts2018-05-012019-03-31 084763532019-03-31 08476353business:Director12018-05-012019-03-31 08476353business:RegisteredOffice2018-05-012019-03-31 084763532018-04-30 08476353core:WithinOneYear2019-03-31 08476353core:WithinOneYear2018-04-30 08476353core:AfterOneYear2019-03-31 08476353core:AfterOneYear2018-04-30 08476353core:ShareCapital2019-03-31 08476353core:ShareCapital2018-04-30 08476353core:RetainedEarningsAccumulatedLosses2019-03-31 08476353core:RetainedEarningsAccumulatedLosses2018-04-30 08476353business:SmallEntities2018-05-012019-03-31 08476353countries:EnglandWales2018-05-012019-03-31 08476353core:PlantMachinery2018-05-012019-03-31 08476353core:FurnitureFittings2018-05-012019-03-31 08476353core:ComputerEquipment2018-05-012019-03-31 08476353core:PlantMachinery2018-04-30 08476353core:FurnitureFittings2018-04-30 08476353core:ComputerEquipment2018-04-30 08476353core:PlantMachinery2019-03-31 08476353core:FurnitureFittings2019-03-31 08476353core:ComputerEquipment2019-03-31 08476353business:OrdinaryShareClass12018-05-012019-03-31 08476353business:OrdinaryShareClass12017-05-012018-04-30 084763532017-05-012018-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08476353 (England and Wales)
THE SAFETY DEPOSIT CENTRE LTD Unaudited accounts for the period from 1 May 2018 to 31 March 2019
THE SAFETY DEPOSIT CENTRE LTD Unaudited accounts Contents
Page
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THE SAFETY DEPOSIT CENTRE LTD Company Information for the period from 1 May 2018 to 31 March 2019
Director
Mina Kumari
Company Number
08476353 (England and Wales)
Registered Office
31A FREDERICK STREET BIRMINGHAM WEST MIDLANDS B1 3HH
Accountants
Mayfield 5 Highgate Business Centre Highgate Road Birmingham B12 8EA
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THE SAFETY DEPOSIT CENTRE LTD Statement of financial position as at 31 March 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
217,560 
230,628 
Current assets
Debtors
5
477,092 
397,687 
Cash at bank and in hand
791 
3,510 
477,883 
401,197 
Creditors: amounts falling due within one year
6
(61,846)
(52,359)
Net current assets
416,037 
348,838 
Total assets less current liabilities
633,597 
579,466 
Creditors: amounts falling due after more than one year
7
(533,874)
(504,890)
Provisions for liabilities
Deferred tax
(17,416)
- 
Net assets
82,307 
74,576 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
82,207 
74,476 
Shareholders' funds
82,307 
74,576 
For the period ending 31 March 2019 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 director acknowledges her 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 and authorised for issue on 30 September 2019 and were signed on its behalf by
Mina Kumari Director Company Registration No. 08476353
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THE SAFETY DEPOSIT CENTRE LTD Notes to the Accounts for the period from 1 May 2018 to 31 March 2019
1
Statutory information
THE SAFETY DEPOSIT CENTRE LTD is a private company, limited by shares, registered in England and Wales, registration number 08476353. The registered office is 31A FREDERICK STREET, BIRMINGHAM, WEST MIDLANDS, B1 3HH.
2
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 % on reducing balance
Fixtures & fittings
25 % on reducing balance
Computer equipment
25 % on reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2018
275,900 
38,206 
931 
315,037 
Additions
- 
5,000 
- 
5,000 
Disposals
(5,000)
- 
- 
(5,000)
At 31 March 2019
270,900 
43,206 
931 
315,037 
Depreciation
At 1 May 2018
53,901 
29,809 
699 
84,409 
Charge for the period
9,945 
3,070 
53 
13,068 
At 31 March 2019
63,846 
32,879 
752 
97,477 
Net book value
At 31 March 2019
207,054 
10,327 
179 
217,560 
At 30 April 2018
221,999 
8,397 
232 
230,628 
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THE SAFETY DEPOSIT CENTRE LTD Notes to the Accounts for the period from 1 May 2018 to 31 March 2019
5
Debtors
2019 
2018 
£ 
£ 
Amounts due from group undertakings etc.
470,422 
366,434 
Deferred tax asset
- 
25,637 
Other debtors
6,670 
5,616 
477,092 
397,687 
6
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
46,201 
45,153 
Taxes and social security
15,645 
7,056 
Other creditors
- 
150 
61,846 
52,359 
7
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Trade creditors
207,859 
178,875 
Other creditors
326,015 
326,015 
533,874 
504,890 
8
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the period the average number of employees was 3 (2018: 2).
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