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REGISTERED NUMBER: SC230356 (Scotland)















Financial Statements for the Year Ended 30 June 2024

for

JGE SECURITY SYSTEMS LIMITED

JGE SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: SC230356)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JGE SECURITY SYSTEMS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A Y Cassells
R A Rowan


REGISTERED OFFICE: 65 North Wallace Street
Glasgow
G4 0DT


REGISTERED NUMBER: SC230356 (Scotland)


SENIOR STATUTORY AUDITOR: Robert Pollock BA CA


AUDITORS: Sharles Audit Limited
Statutory Auditor
29 Brandon Street
Hamilton
ML3 6DA


BANKERS: Clydesdale Bank PLC
30 St Vincent Place
Glasgow
G1 2HL

JGE SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: SC230356)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 3,793 4,228
Debtors 7 193,915 186,606
Cash at bank and in hand 22,010 21,404
219,718 212,238
CREDITORS
Amounts falling due within one year 8 88,979 85,684
NET CURRENT ASSETS 130,739 126,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,739

126,554

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 129,739 125,554
SHAREHOLDERS' FUNDS 130,739 126,554

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 12 September 2024 and were signed on its behalf by:





A Y Cassells - Director


JGE SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: SC230356)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

JGE Security Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from the standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover and revenue recognition
Turnover is derived from the installation and maintenance of electronic security and fire systems and arises solely within the United Kingdom.

Turnover is measured at the fair value of installation and maintenance services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been amortised in full.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items 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. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

JGE SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: SC230356)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amounts of stocks recognised as an expense in the period in which the reversal occurs.

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.

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.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 5 ) .

JGE SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: SC230356)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023
and 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 6,537
DEPRECIATION
At 1 July 2023
and 30 June 2024 6,537
NET BOOK VALUE
At 30 June 2024 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,907 48,906
Other debtors 142,008 137,700
193,915 186,606

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76,112 53,217
Taxation and social security - 1,898
Other creditors 12,867 30,569
88,979 85,684

JGE SECURITY SYSTEMS LIMITED (REGISTERED NUMBER: SC230356)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

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

The Report of the Auditors was unqualified.

Robert Pollock BA CA (Senior Statutory Auditor)
for and on behalf of Sharles Audit Limited

10. CONTINGENT LIABILITIES

The company has guaranteed the bank facilities for the group in which it is a subsidiary under a cross guarantee arrangement, which involves a floating charge over the whole of the assets of the company.

11. CONTROLLING PARTY

The company's parent is Pointer Ltd, a company registered in Scotland with its registered office at 65 North Wallace Street, Glasgow, G4 0DT.