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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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SAFE ONE LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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FOR |
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SAFE ONE LIMITED |
SAFE ONE LIMITED (REGISTERED NUMBER: 03542806) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 September 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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SAFE ONE LIMITED |
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COMPANY INFORMATION |
for the year ended 30 September 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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SAFE ONE LIMITED (REGISTERED NUMBER: 03542806) |
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BALANCE SHEET |
30 September 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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SAFE ONE LIMITED (REGISTERED NUMBER: 03542806) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 September 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents income receivable for management and marketing services, the use, |
development and maintenance of software and sailing fees. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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The hull of the boat is being depreciated over 30 years. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to the profit and loss account in the period to which they |
relate. |
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Going concern |
The financial statements have been prepared on the going concern basis owing to the continued |
financial support of the directors. Cambridge Market Intelligence, a company controlled by Mr D.H. |
Sidwell, has also undertaken to provide financial support for the foreseeable future. |
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2. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2015 |
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Additions |
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Disposals | ( |
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At 30 September 2016 |
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DEPRECIATION |
At 1 October 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other debtors |
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SAFE ONE LIMITED (REGISTERED NUMBER: 03542806) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 September 2016 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Other creditors |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary shares | 1 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended |
30 September 2016 and 30 September 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Balance outstanding at end of year |
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7. | RELATED PARTY DISCLOSURES |
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During the year the company received fees of £10,000 (2015 £10,000) in respect of management |
consultancy from E Sidwell Limited, a company in which Mr D.H. Sidwell is a director. At 30 |
September 2016 £109,920 was due by E Sidwell Limited. |
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During the year the company received fees of £100,198 (2015: £45,510) in respect of licence fees |
and other charges from Cambridge Market Intelligence Limited, a company in which Mr D.H. Sidwell |
is a director. At 30 September 2016 £575,063 (2015: £730,926) was due to Cambridge Market |
Intelligence Limited. |
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8. | ULTIMATE CONTROLLING PARTY |
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The company is under the control of Mr D.H. Sidwell. |