Saftrad Limited - Accounts to registrar (filleted) - small 18.2

Saftrad Limited - Accounts to registrar (filleted) - small 18.2

SAFTRAD LIMITED - Company Information

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REGISTERED NUMBER: 11208673 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 15 FEBRUARY 2018 TO 28 FEBRUARY 2019

FOR

SAFTRAD LIMITED
SAFTRAD LIMITED (REGISTERED NUMBER: 11208673)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 FEBRUARY 2018 TO 28 FEBRUARY 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAFTRAD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 15 FEBRUARY 2018 TO 28 FEBRUARY 2019







DIRECTOR: P A Safadi





REGISTERED OFFICE: City House
Prospect Park
Queensway
Swansea
SA5 4ED





REGISTERED NUMBER: 11208673 (England and Wales)





ACCOUNTANTS: HR Harris & Partners (2010) Limited
Chartered Accountants
44 St Helens Road
Swansea
West Glamorgan
SA1 4BB
Page 1
SAFTRAD LIMITED (REGISTERED NUMBER: 11208673)

BALANCE SHEET
28 FEBRUARY 2019

Notes £    £   
FIXED ASSETS
Tangible assets 4 240,726

CURRENT ASSETS
Stocks 14,100
Debtors 5 2,851
Cash at bank 3,179
20,130
CREDITORS
Amounts falling due within one year 6 120,443
NET CURRENT LIABILITIES (100,313 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
140,413

CREDITORS
Amounts falling due after more than one
year
7
(41,142
)

PROVISIONS FOR LIABILITIES (45,738 )
NET ASSETS 53,533

RESERVES
Retained earnings 53,533
53,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The notes form part of these financial statements

Page 2 continued...
SAFTRAD LIMITED (REGISTERED NUMBER: 11208673)

BALANCE SHEET - continued
28 FEBRUARY 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 November 2019 and were signed by:





P A Safadi - Director


The notes form part of these financial statements

Page 3
SAFTRAD LIMITED (REGISTERED NUMBER: 11208673)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 FEBRUARY 2018 TO 28 FEBRUARY 2019

1. STATUTORY INFORMATION

Saftrad Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the period end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Page 4 continued...
SAFTRAD LIMITED (REGISTERED NUMBER: 11208673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15 FEBRUARY 2018 TO 28 FEBRUARY 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 280,933
At 28 February 2019 280,933
DEPRECIATION
Charge for period 40,207
At 28 February 2019 40,207
NET BOOK VALUE
At 28 February 2019 240,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 2,851

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 79,534
Trade creditors 26,310
Taxation and social security 10,693
Other creditors 3,906
120,443

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 41,142

Page 5