European Safety Systems Limited in Acton, W3 7QH

Description

Data updated on: 01-11-2023

European Safety Systems Limited may be found at Impress House, Mansell Road in Acton. Its postal code is W3 7QH. European Safety Systems has existed on the market since it was registered on 1992-11-09. Its registered no. is 02763350. The firm's registered with SIC code 27900 meaning Manufacture of other electrical equipment. European Safety Systems Ltd reported its account information for the financial year up to 2022-12-31. Its most recent annual confirmation statement was submitted on 2022-11-13.

With six recruitment advert since Thursday 17th July 2014, the corporation has been a relatively active employer on the job market. On Thursday 25th January 2018, it started looking for job candidates for a full time Forklift Driver and Warehouse operative position in London, and on Thursday 17th July 2014, for the vacant position of a full time Production Assembler in London. They seek applicants for such posts as for instance: Pcb Assembler, Cleaner and Manufacturing Team Member.

In order to satisfy the clients, this company is continually directed by a group of five directors who are, amongst the rest, Michael G., John R. and Brett I.. Their mutual commitment has been of pivotal importance to the company since 2017. In order to find professional help with legal documentation, this particular company has been utilizing the expertise of Michael G. as a secretary since 2010.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	947 047	1 145 718	2 888 978	972 873	1 202 047	2 100 512	1 886 884
Current Assets	11 295 524	8 393 479	8 813 525	9 223 277	11 575 179	13 420 957	12 922 497
Debtors	8 293 662	5 113 434	3 336 204	5 036 217	7 008 708	6 940 374	6 102 917
Net Assets Liabilities	10 387 824	7 071 801	5 918 919	7 317 162	8 520 201	10 122 005	9 678 833
Other Debtors	5 981 174	869 299	508 973	879 349	1 134 741	1 263 036	1 335 361
Property Plant Equipment	358 894	399 346	375 644	378 991	461 420	492 788	865 996
Total Inventories	2 054 815	2 134 327	2 588 343	3 214 187	3 364 424	4 380 071	4 932 696

Other Financial Data
Audit Fees Expenses	10 500	11 000	17 000	17 000	22 500	24 000	21 450
Accumulated Depreciation Impairment Property Plant Equipment	1 803 296	1 935 398	2 063 260	2 155 665	2 281 423	2 341 423	2 495 310
Additions Other Than Through Business Combinations Property Plant Equipment					207 473	188 097	527 095
Administration Support Average Number Employees				29	25	27	25
Administrative Expenses	3 199 445	4 077 253	4 534 231	5 466 736	4 799 870	5 407 327	4 755 118
Amounts Owed By Related Parties				2 192 498	3 320 568	2 202 875	584 537
Amounts Owed To Related Parties				1 950 117	2 705 090	2 774 415	2 332 678
Applicable Tax Rate	20	19	19	19	19	19	19
Average Number Employees During Period	63	69	74	87	85	88	97
Balances With Banks				965 120	1 195 204	2 095 387	1 882 784
Cash Cash Equivalents				972 872	1 202 047	2 100 512	1 886 884
Cash On Hand				7 752	6 843	5 125	4 100
Comprehensive Income Expense	2 018 402	1 663 862	1 912 118	1 710 743	2 926 140	3 326 804	6 281 896
Cost Sales	4 595 786	4 941 725	5 718 073	6 951 924	6 380 103	7 738 372	10 748 433
Creditors	2 517 107	2 014 111	3 556 320	2 783 821	4 133 154	5 159 286	5 255 418
Current Tax For Period	372 888	213 342	281 338	234 972	537 044	656 512	1 471 607
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences					32 342	30 795	97 524
Depreciation Expense Property Plant Equipment	162 610	139 046	149 832	130 288	125 757	133 436	153 887
Disposals Decrease In Depreciation Impairment Property Plant Equipment		6 944	21 970	37 883		-76 800
Disposals Property Plant Equipment		12 500	32 289	60 739		-96 730
Dividend Per Share Interim		4 980	31	3	17	17	67
Dividends Paid		4 979 885	3 065 000	312 500	-1 723 100	-1 725 000	-6 725 068
Finished Goods Goods For Resale				3 214 188	3 364 424	4 380 071	4 932 696
Fixed Assets	1 829 800	927 170	926 364	1 181 013	1 485 543	2 281 383	2 654 591
Further Revenue Item Component Total Revenue				1 447	584	51	2 495
Future Minimum Lease Payments Under Non-cancellable Operating Leases	234 218	119 606	42 560	253 129	341 839	286 024
Gain Loss On Disposals Property Plant Equipment	-49	-1 556	1 300	-6 189			20 750
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss				-106 037	-102 238	34 072	354 386
Government Grant Income					23 137	20 963
Gross Profit Loss	5 499 959	5 846 965	6 597 570	7 291 159	8 235 831	9 344 957	12 542 198
Impairment Loss Reversal					-150 000
Income From Other Fixed Asset Investments				17 863	36 430	51 030	63 965
Increase Decrease In Existing Provisions					104 060	13 682	221 788
Increase From Depreciation Charge For Year Property Plant Equipment		139 046	149 832	130 288	125 758	136 800	153 887
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings				18	2	12	18
Interest Payable Similar Charges Finance Costs	3 181		5 513	18	2	12	18
Investments Fixed Assets	1 470 906	527 824	550 720	802 022	1 024 123	1 788 595	1 788 595
Investments In Associates				50 000	200 000	200 000	200 000
Investments In Group Undertakings Participating Interests				802 022	1 024 123	1 788 595	1 788 595
Investments In Subsidiaries				93 133	93 133	93 133	93 133
Net Current Assets Liabilities	8 778 417	6 379 368	5 257 205	6 439 456	7 442 025	8 261 671	7 667 079
Number Shares Issued Fully Paid		100 000	100 000	100 000	100 000	100 000	100 000
Other Creditors	58 603	238	12 870	15 390	786	626	23 181
Other Employee Expense				78 163	11 353	50 591	312 620
Other Operating Income Format1	66 000	66 000	102 000	102 000	23 137	20 963
Other Payables Accrued Expenses				359 631	392 583	652 310	627 311
Other Revenue				102 000	102 000	102 000	102 000
Ownership Interest In Associate Percent				25	25	25	25
Par Value Share		1	1	1	1	1	1
Pension Costs Defined Contribution Plan				123 781	103 520	118 893	91 532
Percentage Class Share Held In Subsidiary		100	100	100	100	100	100
Prepayments				194 466	218 922	216 148	270 542
Production Average Number Employees				39	53	54	66
Profit Loss	2 018 402	1 663 862	1 912 118	1 710 743	2 926 140	3 322 304	6 281 896
Profit Loss On Ordinary Activities Before Tax	2 391 290	1 877 204	2 193 456	1 945 715	3 495 526	4 014 111	7 851 027
Property Plant Equipment Gross Cost	2 162 190	2 334 744	2 438 904	2 534 656	1 141 959	2 834 211	3 361 306
Provisions	220 393	234 737	264 650	303 307	407 367	421 049	642 837
Provisions For Liabilities Balance Sheet Subtotal	220 393	234 737	264 650	303 307	407 367	421 049	642 837
Research Development Expense Recognised In Profit Or Loss				449 527	487 099	637 151	456 579
Selling Average Number Employees				6	7	7	6
Social Security Costs	192 419	215 333	240 058	282 082	248 622	291 068	347 479
Staff Costs Employee Benefits Expense	2 494 374	2 903 641	3 176 580	3 787 047	3 295 931	3 735 427	4 489 267
Taxation Social Security Payable				100 193	122 085	110 858	131 010
Tax Expense Credit Applicable Tax Rate	478 258	361 287	416 757	369 686	664 150	761 826	1 491 695
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit			-130 776	-129 255	-121 770	-123 500	-45 429
Tax Increase Decrease From Effect Capital Allowances Depreciation	12 203	-13 400	-3 660	-4 150	-8 023	17 116	25 341
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	7 389	8 138	2 981	1 910	2 687	1 070
Tax Increase Decrease From Other Short-term Timing Differences						30 795	97 524
Tax Increase Decrease From Other Tax Effects Tax Reconciliation			-3 964	-3 219	32 342	30 795
Tax Tax Credit On Profit Or Loss On Ordinary Activities	372 888	213 342	281 338	234 972	569 386	687 307	1 569 131
Total Assets Less Current Liabilities	10 608 217	7 306 538	6 183 569	7 620 469	8 927 568	10 543 054	10 321 670
Trade Creditors Trade Payables	236 503	264 618	609 637	276 511	648 587	1 241 278	1 331 108
Trade Debtors Trade Receivables	1 422 320	1 279 496	1 416 567	1 520 729	2 334 477	3 258 315	3 912 477
Turnover Revenue	10 095 745	10 788 690	12 315 643	14 243 083	14 615 934	17 083 329	23 290 631
Wages Salaries	2 182 259	2 593 003	2 876 069	3 381 183	2 932 436	3 274 875	3 737 636
Company Contributions To Money Purchase Plans Directors	80 560	52 704	1 715	3 614	4 138	5 706	6 564
Director Remuneration	199 312	220 950	219 614	204 729	228 298	226 758	159 061
Amount Specific Advance Or Credit Directors	8 589	1 954 911
Amount Specific Advance Or Credit Made In Period Directors	295 661	1 963 500
Amount Specific Advance Or Credit Repaid In Period Directors	304 250		1 954 911
Dividend Recommended By Directors		4 979 885	3 065 000	312 500
Number Directors Accruing Benefits Under Money Purchase Scheme	3	3	1	1
Accrued Liabilities	195 527	182 143	276 469	359 631
Amounts Owed By Associates			183 547
Amounts Owed By Group Undertakings	403 595	701 602	659 303	2 192 497
Amounts Owed To Group Undertakings			578 280
Corporation Tax Payable	289 104	75 410	123 407	81 979
Decrease In Loans Owed By Related Parties Due To Loans Repaid		753 938
Dividends Paid On Shares Interim		4 979 885	3 065 000	312 500
Finished Goods	132 384	143 783	153 957	244 112
Further Item Interest Expense Component Total Interest Expense	3 181
Further Operating Expense Item Component Total Operating Expenses	-252 081	210 162	-114 916	106 037
Income From Related Parties		968 169	933 604	853 617
Interest Expense On Bank Overdrafts			5 513	18
Investments	1 470 906	527 824	550 720	802 022
Investments In Associates Joint Ventures Participating Interests	200 000	50 000	50 000	50 000
Investments In Group Undertakings	94 605	93 133	93 133	93 133
Investments In Joint Ventures	50 000	50 000	50 000	50 000
Loans Owed By Related Parties	753 938	173 164	183 546	156 299
Loans Owed To Related Parties		-1 416 498	-1 820 730	-1 856 918
Loans To Associates Joint Ventures Participating Interests	753 938
Loans To Group Undertakings	422 363	384 691	407 587	658 889
Loans To Related Parties	1 176 301	-37 672
Merchandise	1 922 431	1 990 544	2 434 386	2 970 075
Net Assets Liabilities Associates	-3 383 772	-1 868 927	-2 344 036	-2 663 681
Operating Profit Loss	2 366 514	1 835 712	2 165 339	1 926 423
Other Interest Receivable Similar Income Finance Income	27 957	41 492	33 630	19 310
Other Taxation Social Security Payable	189 137	75 204	88 488	100 193
Payments To Related Parties		1 812 405	1 649	2 514 640
Pension Other Post-employment Benefit Costs Other Pension Costs	119 696	95 305	60 453	123 782
Percentage Class Share Held In Associate		20	20	25
Prepayments Accrued Income	208 831	205 099	223 471	194 466
Profit Loss From Continuing Operations Associates	1 056 584	317 033	475 109	319 645
Recoverable Value-added Tax	118 672	101 867	344 343	249 176
Total Additions Including From Business Combinations Property Plant Equipment		185 054	136 449	156 491