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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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FOR |
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SAFE ONE LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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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 2018 |
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Page |
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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 2018 |
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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 |
One Eastwood |
Harry Weston Road |
Binley Business Park |
Coventry |
CV3 2UB |
SAFE ONE LIMITED (REGISTERED NUMBER: 03542806) |
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BALANCE SHEET |
30 September 2018 |
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2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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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 |
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Retained earnings | ( |
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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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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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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 2018 |
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1. | STATUTORY INFORMATION |
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Safe One Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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 profit or loss 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 October 2017 |
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Additions |
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At 30 September 2018 |
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DEPRECIATION |
At 1 October 2017 |
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Charge for year |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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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 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Other creditors |
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Accrued expenses |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 September 2018 |
and 30 September 2017: |
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2018 | 2017 |
£ | £ |
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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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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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8. | RELATED PARTY DISCLOSURES |
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During the year the company received fees of £10,000 (2017 £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 |
2018 £6,118 was due by E Sidwell Limited. |
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During the year the company received fees of £101,349 (2017: £98,720) 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 2018 £387,049 (2017: £361,021) was due to Cambridge Market Intelligence |
Limited. |
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9. | ULTIMATE CONTROLLING PARTY |
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The company is under the control of Mr D.H. Sidwell. |