Safe Installations London Limited Accounts

Safe Installations London Limited Accounts

SAFE INSTALLATIONS LONDON LIMITED - Company Information

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Safe Installations London Limited Filleted Accounts Cover
Safe Installations London Limited
Company No. 10582424
Information for Filing with The Registrar
31 December 2022
Safe Installations London Limited Balance Sheet Registrar
at
31 December 2022
Company No.
10582424
Notes
2022
2021
£
£
Fixed assets
Tangible assets
4
28,7291,994
28,7291,994
Current assets
Debtors
5
3,3141,105
Cash at bank and in hand
76,54425,301
79,85826,406
Creditors: Amount falling due within one year
6
(54,772)
(15,573)
Net current assets
25,08610,833
Total assets less current liabilities
53,81512,827
Creditors: Amounts falling due after more than one year
7
(9,405)
(12,540)
Net assets
44,410287
Capital and reserves
Called up share capital
100100
Profit and loss account
8
44,310187
Total equity
44,410287
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 December 2022
And signed on its behalf by:
M. Trace
Director
31 December 2022
Safe Installations London Limited Notes to the Accounts Registrar
for the year ended 31 December 2022
1
General information
Its registered number is: 10582424
Its registered office is:
83 Fairlane Drive
South Ockendon
Essex
RM15 5FA
The functional and presentational currency of the company is Sterling . The monetary amounts in the accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
2
Accounting policies
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
20% Straight Line
Furniture, fittings and equipment
14.28% Straight Line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 January 2022
-6,7836,783
Additions
33,4861,04134,527
At 31 December 2022
33,4867,82441,310
Depreciation
At 1 January 2022
-4,7894,789
Charge for the year
6,6971,0957,792
At 31 December 2022
6,6975,88412,581
Net book values
At 31 December 2022
26,7891,94028,729
At 31 December 2021
-1,9941,994
5
Debtors
2022
2021
£
£
VAT recoverable
3,314-
Loans to directors
-1,105
3,3141,105
6
Creditors amounts falling due within one year:
2022
2021
£
£
Bank loans and overdrafts
3,1354,180
Corporation tax
7,9663,745
Other taxes and social security
-6,273
Other creditors
30,496-
Accruals and deferred income
13,1751,375
54,77215,573
7
Creditors amounts falling due after more than one year:
2022
2021
£
£
Bank loans and overdrafts
9,40512,540
9,40512,540
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2022
2021
£
£
Dividends for the period:
Dividends paid in the period
28,000
15,000
28,000
15,000
Dividends by type:
Equity dividends
28,00015,000
28,000
15,000
10
Related party disclosures
At the balance sheet date £nil was owed to the company by the director.
Controlling party
Immediate controlling party
M. Trace controls the company
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