REGISTERED NUMBER:
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SAFETY FIRST MANUFACTURING COMPANY |
LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 JUNE 2015 |
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REGISTERED NUMBER:
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SAFETY FIRST MANUFACTURING COMPANY |
LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 JUNE 2015 |
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SAFETY FIRST MANUFACTURING COMPANY |
LIMITED (REGISTERED NUMBER: 03213061) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
SAFETY FIRST MANUFACTURING COMPANY |
LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2015 |
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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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BANKERS: |
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SAFETY FIRST MANUFACTURING COMPANY |
LIMITED (REGISTERED NUMBER: 03213061) |
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ABBREVIATED BALANCE SHEET |
30 JUNE 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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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
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(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
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SAFETY FIRST MANUFACTURING COMPANY |
LIMITED (REGISTERED NUMBER: 03213061) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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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 April 2008). |
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Turnover |
Turnover represents invoiced sales of safety and protective clothing and associated safety products, net of value added tax. |
Turnover is recognised upon delivery of the products. |
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Goodwill and intangible assets |
Goodwill, which represents the excess of cost of acquisitions of businesses over the value attributed to their net assets, is |
amortised through the profit and loss account by equal instalments over its estimated useful economic life of 20 years. |
Goodwill previously eliminated against reserves has not been reinstated and will only be charged to the profit and loss |
account on the subsequent disposal of any business to which it related. |
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Trade marks are amortised through the profit and loss account by equal instalments over their estimated useful economic |
life of 10 years. |
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Tangible fixed assets |
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Leasehold improvements | - |
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Equipment | - |
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Fixtures and fittings | - |
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Office equipment & furniture | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different |
from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences |
which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply |
when the timing differences reverse, based on current tax rates and laws. |
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Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
commitment to sell the asset. |
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Deferred tax assets and liabilities are not discounted. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
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Property partnership investment |
Amounts in Property Partnership Investment are valued at cost less amounts written off in respect of a permanent |
diminution in value. |
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Contributions to pension funds |
The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in |
respect of pension costs is the contributions payable in the year. Differences between contributions payable in the year and |
contributions actually paid are shown as either accruals or prepayments in the balance sheet. |
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Government grants |
Revenue based grants are included in other income for the period to which they relate. |
SAFETY FIRST MANUFACTURING COMPANY |
LIMITED (REGISTERED NUMBER: 03213061) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
and 30 June 2015 |
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AMORTISATION |
At 1 July 2014 |
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Amortisation for year |
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At 30 June 2015 |
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NET BOOK VALUE |
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At 30 June 2015 |
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At 30 June 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
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Additions |
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At 30 June 2015 |
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DEPRECIATION |
At 1 July 2014 |
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Charge for year |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 July 2014 |
and 30 June 2015 | 73,171 |
NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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SAFETY FIRST MANUFACTURING COMPANY |
LIMITED (REGISTERED NUMBER: 03213061) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary A | £1 |
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Ordinary B | £1 |
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1,000 | 1,000 |
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6. | ULTIMATE PARENT COMPANY |
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At the year end the company was a wholly owned subsidiary of
incorporated in England. |
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The company's latest financial period will end on 30 June 2015, and when the accounts have been submitted they will be |
available from Companies House, Crown Way, Cardiff. |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 30 June 2015 and 30 June 2014: |
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2015 | 2014 |
£ | £ |
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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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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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