Registered number
04327961
Safety Assured Limited
Abbreviated Accounts
30 November 2013
Safety Assured Limited
Report to the director on the preparation of the unaudited abbreviated accounts of Safety Assured Limited for the year ended 30 November 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Safety Assured Limited for the year ended 30 November 2013 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Raj Consultancy Ltd
Chartered Certified Accountants
CEME Innovation Centre
Marsh Way
Rainham
Essex
RM13 8EU
12 August 2014
Safety Assured Limited
Registered number: 04327961
Abbreviated Balance Sheet
as at 30 November 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 3,599 4,306
Current assets
Stocks 6,500 6,500
Debtors 43,912 43,317
Cash at bank and in hand 17,297 41,498
67,709 91,315
Creditors: amounts falling due within one year (42,395) (57,477)
Net current assets 25,314 33,838
Net assets 28,913 38,144
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 28,813 38,044
Shareholders' funds 28,913 38,144
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
S.R. Webb
Director
Approved by the board on 12 August 2014
Safety Assured Limited
Notes to the Abbreviated Accounts
for the year ended 30 November 2013
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 December 2012 58,088
Additions 1,441
At 30 November 2013 59,529
Depreciation
At 1 December 2012 53,782
Charge for the year 2,148
At 30 November 2013 55,930
Net book value
At 30 November 2013 3,599
At 30 November 2012 4,306
3 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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