RG Security Group Limited Filleted Accounts Cover
RG Security Group Limited
Company No. SC505666
Information for Filing with The Registrar
31 May 2023
RG Security Group Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 May 2023.
Principal activities
The principal activity of the company during the year under review was security services and installations.
Director
The Director who served at any time during the year was as follows:
R.H.D. Gay
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
R.H.D. Gay
Director
18 January 2024
RG Security Group Limited Balance Sheet Registrar
at
31 May 2023
Company No.
SC505666
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
--
Current assets
Debtors
5
113,05668,590
Cash at bank and in hand
31,84645,633
144,902114,223
Creditors: Amount falling due within one year
6
(100,146)
(52,451)
Net current assets
44,75661,772
Total assets less current liabilities
44,75661,772
Creditors: Amounts falling due after more than one year
7
(21,676)
(31,667)
Net assets
23,08030,105
Capital and reserves
Called up share capital
134134
Profit and loss account
8
22,94629,971
Total equity
23,08030,105
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 18 January 2024 and signed on its behalf by:
R.H.D. Gay
Director
18 January 2024
RG Security Group Limited Notes to the Accounts Registrar
for the year ended 31 May 2023
1
General information
RG Security Group Limited is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC505666
Its registered office is:
3 Braefoot Terrace
Edinburgh
EH16 6AA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
97
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 June 2022
1,7461,746
At 31 May 2023
1,7461,746
Depreciation
At 1 June 2022
1,7461,746
At 31 May 2023
1,7461,746
Net book values
At 31 May 2023
--
At 31 May 2022
-
-
5
Debtors
2023
2022
£
£
Trade debtors
52,97168,590
Loans to directors
60,085-
113,05668,590
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Other loans
10,00010,000
Trade creditors
46,67722,598
Taxes and social security
35,719
13,706
Loans from directors
-83
Other creditors
-315
Accruals and deferred income
7,7505,749
100,14652,451
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Other loans
21,67631,667
21,67631,667
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
55,000
38,000
55,000
38,000
Dividends by type:
Equity dividends
55,00038,000
55,000
38,000
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