IRIS Accounts Production v24.2.0.383 SC412503 director 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4125032022-11-30SC4125032023-11-30SC4125032022-12-012023-11-30SC4125032021-11-30SC4125032021-12-012022-11-30SC4125032022-11-30SC412503ns15:Scotland2022-12-012023-11-30SC412503ns14:PoundSterling2022-12-012023-11-30SC412503ns10:Director12022-12-012023-11-30SC412503ns10:PrivateLimitedCompanyLtd2022-12-012023-11-30SC412503ns10:SmallEntities2022-12-012023-11-30SC412503ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-30SC412503ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-30SC412503ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-30SC412503ns10:FullAccounts2022-12-012023-11-30SC412503ns5:CurrentFinancialInstruments2023-11-30SC412503ns5:CurrentFinancialInstruments2022-11-30SC412503ns5:Non-currentFinancialInstruments2023-11-30SC412503ns5:Non-currentFinancialInstruments2022-11-30SC412503ns5:ShareCapital2023-11-30SC412503ns5:ShareCapital2022-11-30SC412503ns5:CapitalRedemptionReserve2023-11-30SC412503ns5:CapitalRedemptionReserve2022-11-30SC412503ns5:RetainedEarningsAccumulatedLosses2023-11-30SC412503ns5:RetainedEarningsAccumulatedLosses2022-11-30SC412503ns5:PlantMachinery2022-12-012023-11-30SC412503ns5:FurnitureFittings2022-12-012023-11-30SC412503ns5:MotorVehicles2022-12-012023-11-30SC412503ns5:ComputerEquipment2022-12-012023-11-30SC412503ns5:PlantMachinery2022-11-30SC412503ns5:FurnitureFittings2022-11-30SC412503ns5:MotorVehicles2022-11-30SC412503ns5:ComputerEquipment2022-11-30SC412503ns5:PlantMachinery2023-11-30SC412503ns5:FurnitureFittings2023-11-30SC412503ns5:MotorVehicles2023-11-30SC412503ns5:ComputerEquipment2023-11-30SC412503ns5:PlantMachinery2022-11-30SC412503ns5:FurnitureFittings2022-11-30SC412503ns5:MotorVehicles2022-11-30SC412503ns5:ComputerEquipment2022-11-30SC412503ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-30SC412503ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-30SC412503ns5:LeasedAssetsHeldAsLessee2022-11-30SC412503ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-012023-11-30SC412503ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-012023-11-30SC412503ns5:LeasedAssetsHeldAsLessee2022-12-012023-11-30SC412503ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-30SC412503ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-30SC412503ns5:LeasedAssetsHeldAsLessee2023-11-30SC412503ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-30SC412503ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-30SC412503ns5:LeasedAssetsHeldAsLessee2022-11-30SC412503ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-30SC412503ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30SC412503ns5:Secured2023-11-30SC412503ns5:Secured2022-11-30SC4125031ns10:Director12022-11-30SC4125031ns10:Director12021-11-30SC4125031ns10:Director12022-12-012023-11-30SC4125031ns10:Director12021-12-012022-11-30SC4125031ns10:Director12023-11-30SC4125031ns10:Director12022-11-30
REGISTERED NUMBER: SC412503 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Bonthrone Security Services Limited

Bonthrone Security Services Limited (Registered number: SC412503)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Bonthrone Security Services Limited (Registered number: SC412503)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,517 93,318

CURRENT ASSETS
Stocks 136,671 198,162
Debtors 5 188,062 305,043
Cash in hand 19 61
324,752 503,266
CREDITORS
Amounts falling due within one year 6 (701,403 ) (514,464 )
NET CURRENT LIABILITIES (376,651 ) (11,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(349,134

)

82,120

CREDITORS
Amounts falling due after more than one
year

7

(53,789

)

(220,791

)

PROVISIONS FOR LIABILITIES - (8,234 )
NET LIABILITIES (402,923 ) (146,905 )

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings (402,925 ) (146,907 )
SHAREHOLDERS' FUNDS (402,923 ) (146,905 )

Bonthrone Security Services Limited (Registered number: SC412503)

Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 18 April 2024 and were signed by:





Mr I A Bonthrone - Director


Bonthrone Security Services Limited (Registered number: SC412503)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Bonthrone Security Services Limited is a private company, limited by shares, domiciled in Scotland, registration number SC412503. The registered office is Eastfield, Forgandenny, Perthshire, PH2 9EX.

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 represents net invoiced sales of goods and services in respect of the sale of security systems, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Bonthrone Security Services Limited (Registered number: SC412503)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Going concern
The director of the company has reviewed the company's financial position for 12 months from the balance sheet signing date and it is the director's belief that the company should prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 25,726 11,087 107,125 20,789 164,727
Additions - - - 596 596
Disposals - - (53,175 ) - (53,175 )
At 30 November 2023 25,726 11,087 53,950 21,385 112,148
DEPRECIATION
At 1 December 2022 16,311 5,675 36,227 13,196 71,409
Charge for year 3,912 1,884 12,200 3,020 21,016
Eliminated on disposal - - (7,794 ) - (7,794 )
At 30 November 2023 20,223 7,559 40,633 16,216 84,631
NET BOOK VALUE
At 30 November 2023 5,503 3,528 13,317 5,169 27,517
At 30 November 2022 9,415 5,412 70,898 7,593 93,318

Bonthrone Security Services Limited (Registered number: SC412503)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 9,572 69,975 79,547
Disposals - (53,175 ) (53,175 )
At 30 November 2023 9,572 16,800 26,372
DEPRECIATION
At 1 December 2022 3,829 9,473 13,302
Charge for year 1,914 5,329 7,243
Eliminated on disposal - (7,794 ) (7,794 )
At 30 November 2023 5,743 7,008 12,751
NET BOOK VALUE
At 30 November 2023 3,829 9,792 13,621
At 30 November 2022 5,743 60,502 66,245

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 124,664 170,076
Other debtors 63,398 134,967
188,062 305,043

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 75,349 49,881
Hire purchase contracts 7,964 14,382
Trade creditors 390,220 194,754
Taxation and social security 117,554 95,423
Other creditors 110,316 160,024
701,403 514,464

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 51,686 71,670
Hire purchase contracts 2,103 49,121
Other creditors - 100,000
53,789 220,791

Bonthrone Security Services Limited (Registered number: SC412503)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank overdrafts 55,357 29,881
Bank loans 71,678 91,670
Other loans 100,000 250,000
Hire purchase contracts 10,067 63,503
237,102 435,054

The bank loan and overdraft are secured by way of a floating charge over the company's assets.

Other loans are secured by way of a personal guarantee by the director.

The amounts due on hire purchase are secured over the assets financed.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr I A Bonthrone
Balance outstanding at start of year 109,923 67,566
Amounts advanced 7,584 42,357
Amounts repaid (72,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,507 109,923