Safelinx Ltd Filleted accounts for Companies House (small and micro)
Safelinx Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10077647
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Financial Statements |
Year ended 31 December 2022
Contents |
Pages |
Statement of financial position |
1 to 2 |
Notes to the financial statements |
3 to 5 |
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
Fixed assets
Intangible assets |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
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Provisions |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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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
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
31 December 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
10077647
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Notes to the Financial Statements |
Year ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Waterloo Road, Wolverhampton, WV1 4DJ, England.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Provisions
Financial instruments
4.
Intangible assets
Patents, trademarks and licences |
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£ |
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Cost |
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At 1 January 2022 and 31 December 2022 |
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Amortisation |
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At 1 January 2022 |
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Charge for the year |
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At 31 December 2022 |
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Carrying amount |
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At 31 December 2022 |
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At 31 December 2021 |
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5.
Debtors
2022 |
2021 |
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£ |
£ |
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Amounts owed by group undertakings |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Amounts owed to related companies |
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Other creditors |
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7.
Creditors:
amounts falling due after more than one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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8.
Related party transactions
The company was under the control of the director throughout the current year.
9.
Controlling party
The company is a 100% owned subsidiary of 3R Capital Ltd, a company incorporated in England. The ultimate controlling party is Mr R S Dale, a director and the majority shareholder of 3R Capital Ltd.