SAFE-TAY SECURITY SERVICES LTD

Company Registration Number:
SC351357 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

SAFE-TAY SECURITY SERVICES LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

SAFE-TAY SECURITY SERVICES LTD

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal activities of the company

Security Services



Directors

The director shown below has held office during the whole of the period from
1 March 2022 to 28 February 2023

Darren Mccann


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 November 2023

And signed on behalf of the board by:
Name: Darren Mccann
Status: Director

SAFE-TAY SECURITY SERVICES LTD

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 7,215 1,120
Total fixed assets: 7,215 1,120
Current assets
Debtors: 4 98,289 123,593
Cash at bank and in hand: 60,429 192,270
Total current assets: 158,718 315,863
Creditors: amounts falling due within one year: 5 ( 96,216 ) ( 247,076 )
Net current assets (liabilities): 62,502 68,787
Total assets less current liabilities: 69,717 69,907
Provision for liabilities: ( 135 ) ( 135 )
Total net assets (liabilities): 69,582 69,772
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 69,482 69,672
Total Shareholders' funds: 69,582 69,772

The notes form part of these financial statements

SAFE-TAY SECURITY SERVICES LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 November 2023
and signed on behalf of the board by:

Name: Darren Mccann
Status: Director

The notes form part of these financial statements

SAFE-TAY SECURITY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied. It is recognised to the extent that it is probable that the economic benefit will flow to the Company and the turnover can be reliably measured. The following criteria must also be met before turnover is recognised:Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

    Tangible fixed assets depreciation policy

    At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that these assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss (if Any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. The recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value, using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

    Other accounting policies

    Judgements and key sources of estimated uncertaintyThe preparation of the financial statements requires management to make judgements estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstancesCorporation TaxThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Financial InstrumentsThe company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

SAFE-TAY SECURITY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 165 160

SAFE-TAY SECURITY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 7,200 7,200
Additions 8,500 8,500
Disposals
Revaluations
Transfers
At 28 February 2023 15,700 15,700
Depreciation
At 1 March 2022 6,080 6,080
Charge for year 2,405 2,405
On disposals
Other adjustments
At 28 February 2023 8,485 8,485
Net book value
At 28 February 2023 7,215 7,215
At 28 February 2022 1,120 1,120

SAFE-TAY SECURITY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023 2022
£ £
Trade debtors 96,560 121,682
Other debtors 1,729 1,911
Total 98,289 123,593

SAFE-TAY SECURITY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 36,270 45,836
Trade creditors 3,979 98,430
Taxation and social security 52,654 79,087
Accruals and deferred income 1,747 22,893
Other creditors 1,566 830
Total 96,216 247,076