A1 Safety Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC407834 (Scotland)

Financial Statements for the Year Ended 31 August 2020

for

A1 SAFETY SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J H Martin

J G Murphy

REGISTERED OFFICE:

12 Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC407834 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

515

686

CURRENT ASSETS

Debtors

5

22

-

Cash at bank

59,162

86,625

59,184

86,625

CREDITORS

Amounts falling due within one year

6

21,598

33,925

NET CURRENT ASSETS

37,586

52,700

TOTAL ASSETS LESS CURRENT LIABILITIES

38,101

53,386

PROVISIONS FOR LIABILITIES

98

130

NET ASSETS

38,003

53,256

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

37,997

53,250

SHAREHOLDERS' FUNDS

38,003

53,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 January 2021 and were signed on its behalf by:

W J H Martin - Director

1.	STATUTORY INFORMATION

A1 Safety Solutions Ltd is a private company, limited by shares , registered in Scotland. 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.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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 year 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 year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2019

and 31 August 2020

1,564

DEPRECIATION

At 1 September 2019

878

Charge for year

171

At 31 August 2020

1,049

NET BOOK VALUE

At 31 August 2020

515

At 31 August 2019

686

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

22

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

5,042

16,411

Other creditors

16,556

17,514

21,598

33,925

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £36,610 (2019 - £38,400) were paid to the directors .

The company was under the control of W J H Martin and J G Murphy, the directors, throughout the current and previous year.

During the year the company repaid the directors net amounts totalling £964. As at 31 August 2019 included within other creditors is a balance outstanding due to the directors of £15,467 (2019 - £16,431). No interest has been paid on this loan.