IRIS Accounts Production v23.4.0.336 SC404886 Board of Directors Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4048862022-08-31SC4048862023-08-31SC4048862022-09-012023-08-31SC4048862021-08-31SC4048862021-09-012022-08-31SC4048862022-08-31SC404886ns15:Scotland2022-09-012023-08-31SC404886ns14:PoundSterling2022-09-012023-08-31SC404886ns10:Director12022-09-012023-08-31SC404886ns10:Director22022-09-012023-08-31SC404886ns10:PrivateLimitedCompanyLtd2022-09-012023-08-31SC404886ns10:SmallEntities2022-09-012023-08-31SC404886ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-31SC404886ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-31SC404886ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-31SC404886ns10:FullAccounts2022-09-012023-08-31SC404886ns10:RegisteredOffice2022-09-012023-08-31SC404886ns5:CurrentFinancialInstruments2023-08-31SC404886ns5:CurrentFinancialInstruments2022-08-31SC404886ns5:Non-currentFinancialInstruments2023-08-31SC404886ns5:Non-currentFinancialInstruments2022-08-31SC404886ns5:ShareCapital2023-08-31SC404886ns5:ShareCapital2022-08-31SC404886ns5:RetainedEarningsAccumulatedLosses2023-08-31SC404886ns5:RetainedEarningsAccumulatedLosses2022-08-31SC404886ns5:PlantMachinery2022-09-012023-08-31SC404886ns5:MotorVehicles2022-09-012023-08-31SC404886ns5:ComputerEquipment2022-09-012023-08-31SC404886ns5:PlantMachinery2022-08-31SC404886ns5:MotorVehicles2022-08-31SC404886ns5:ComputerEquipment2022-08-31SC404886ns5:PlantMachinery2023-08-31SC404886ns5:MotorVehicles2023-08-31SC404886ns5:ComputerEquipment2023-08-31SC404886ns5:PlantMachinery2022-08-31SC404886ns5:MotorVehicles2022-08-31SC404886ns5:ComputerEquipment2022-08-31SC404886ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31SC404886ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31SC4048861ns10:Director12022-08-31SC4048861ns10:Director12021-08-31SC4048861ns10:Director12022-09-012023-08-31SC4048861ns10:Director12021-09-012022-08-31SC4048861ns10:Director12023-08-31SC4048861ns10:Director12022-08-31SC404886ns10:Director222022-08-31SC404886ns10:Director222021-08-31SC404886ns10:Director222022-09-012023-08-31SC404886ns10:Director222021-09-012022-08-31SC404886ns10:Director222023-08-31SC404886ns10:Director222022-08-31
REGISTERED NUMBER: SC404886 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TYGER SECURITY LIMITED

TYGER SECURITY LIMITED (REGISTERED NUMBER: SC404886)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TYGER SECURITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: J Jeffrey
P Begley



REGISTERED OFFICE: Stanley House
69/71 Hamilton Road
Motherwell
ML1 3DG



REGISTERED NUMBER: SC404886 (Scotland)



ACCOUNTANTS: McDaid & Partners
Stanley House
69/71 Hamilton Road
Motherwell
Lanarkshire
ML1 3DG



TRADING ADDRESS: 58
The Loaning
Motherwell
ML1 3HE

TYGER SECURITY LIMITED (REGISTERED NUMBER: SC404886)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,379 76,236
Investment property 5 164,786 119,376
232,165 195,612

CURRENT ASSETS
Stocks 93,500 93,500
Debtors 6 93,451 86,210
Cash at bank and in hand 26,596 45,716
213,547 225,426
CREDITORS
Amounts falling due within one year 7 77,493 66,198
NET CURRENT ASSETS 136,054 159,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,219

354,840

CREDITORS
Amounts falling due after more than one
year

8

(51,238

)

(92,714

)

PROVISIONS FOR LIABILITIES (13,941 ) (14,485 )
NET ASSETS 303,040 247,641

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 302,940 247,541
SHAREHOLDERS' FUNDS 303,040 247,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

TYGER SECURITY LIMITED (REGISTERED NUMBER: SC404886)

BALANCE SHEET - continued
31 AUGUST 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:




P Begley - Director



J Jeffrey - Director


TYGER SECURITY LIMITED (REGISTERED NUMBER: SC404886)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Tyger 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 stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of total contract value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33.33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Trade debtors
Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors
Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash
Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.


TYGER SECURITY LIMITED (REGISTERED NUMBER: SC404886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Government grant
Government grants are eligible for recognition within the financial statements once they become receivable

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant & Motor Office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 25,555 79,507 3,133 108,195
Additions 10,000 - 1,073 11,073
At 31 August 2023 35,555 79,507 4,206 119,268
DEPRECIATION
At 1 September 2022 9,114 19,798 3,047 31,959
Charge for year 4,735 14,927 268 19,930
At 31 August 2023 13,849 34,725 3,315 51,889
NET BOOK VALUE
At 31 August 2023 21,706 44,782 891 67,379
At 31 August 2022 16,441 59,709 86 76,236

TYGER SECURITY LIMITED (REGISTERED NUMBER: SC404886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 119,376
Additions 45,410
At 31 August 2023 164,786
NET BOOK VALUE
At 31 August 2023 164,786
At 31 August 2022 119,376

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 90,751 83,302
Other debtors 2,700 2,908
93,451 86,210

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 4,000 10,000
Hire purchase contracts 9,499 11,738
Trade creditors 15,173 12,132
Taxation and social security 42,759 29,322
Other creditors 6,062 3,006
77,493 66,198

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 6,113
Hire purchase contracts 24,075 33,673
Other creditors 27,163 52,928
51,238 92,714

TYGER SECURITY LIMITED (REGISTERED NUMBER: SC404886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
P Begley
Balance outstanding at start of year 20,486 24,949
Amounts advanced 7,662 1,662
Amounts repaid (7,050 ) (6,125 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,098 20,486

J Jeffrey
Balance outstanding at start of year 32,442 37,755
Amounts advanced 6,312 312
Amounts repaid (32,689 ) (5,625 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,065 32,442

Loans are interest free and repayable upon demand.