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REGISTERED NUMBER: SC144241 (Scotland)















Financial Statements for the Year Ended 31 October 2022

for

WESTGUARD SECURITY LIMITED

WESTGUARD SECURITY LIMITED (REGISTERED NUMBER: SC144241)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


WESTGUARD SECURITY LIMITED

Company Information
for the Year Ended 31 October 2022







DIRECTOR: J McMullan





SECRETARY: S Russell





REGISTERED OFFICE: 136 Strathmore Road
Balmore Industrial Estate
Possil
Glasgow
G22 7DW





REGISTERED NUMBER: SC144241 (Scotland)





AUDITORS: Watson & Company
Oakfield House
378 Brandon Street
Motherwell
NORTH LANARKSHIRE
ML1 1XA

WESTGUARD SECURITY LIMITED (REGISTERED NUMBER: SC144241)

Abridged Balance Sheet
31 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,981

CURRENT ASSETS
Debtors 750,619 794,424
Cash at bank 11,006 91,695
761,625 886,119
CREDITORS
Amounts falling due within one year 63,484 190,959
NET CURRENT ASSETS 698,141 695,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,141

698,141

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 638,141 638,141
698,141 698,141

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 3 October 2023 and were signed by:





J McMullan - Director


WESTGUARD SECURITY LIMITED (REGISTERED NUMBER: SC144241)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Westguard Security Limited 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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Going concern
The company ceased trading on 31 October 2021 and the going concern basis is not appropriate.

WESTGUARD SECURITY LIMITED (REGISTERED NUMBER: SC144241)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

2. ACCOUNTING POLICIES - continued

General provisions
The company accounts for income and expenditure in the period to which the service has taken place, rather than when cash payments are received or made. Where income and expenditure has been recognised but cash has not been received or paid, a debtor or creditor for the relevant amount is recorded in the Balance Sheet. Equally, where cash has been received or paid which is not yet recognised as income or expenditure, a creditor (income in advance) or debtor (payment in advance) is recorded in the Balance Sheet.

Impairment of assets
At each reporting date fixed and intangible assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 32 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2021 75,600
Disposals (75,600 )
At 31 October 2022 -
DEPRECIATION
At 1 November 2021 72,619
Eliminated on disposal (72,619 )
At 31 October 2022 -
NET BOOK VALUE
At 31 October 2022 -
At 31 October 2021 2,981

5. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   

A security by way of a bond and floating charge over the assets of the company is held by The Royal Bank of Scotland for all amounts due and becoming due.

WESTGUARD SECURITY LIMITED (REGISTERED NUMBER: SC144241)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Watson BA CA (Senior Statutory Auditor)
for and on behalf of Watson & Company

7. RELATED PARTY DISCLOSURES

The company held non-trading balances with its related parties (under common control and ownership). The amounts are included in the debtors and creditors totals. The relevant balances are as follows : Debtors - Allander Security Ltd : £437,784. Allander Cleaning Services Ltd : £312,835. Creditors - Possil Community Business Ltd : £63,484.

8. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Possil Community Business Limited. The ultimate control is therefore with the trustees of that organisation.