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REGISTERED NUMBER: SC131633 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Aardee Security Shutters Limited

Aardee Security Shutters Limited (Registered number: SC131633)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aardee Security Shutters Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Dunbar
M K Meikle





SECRETARY: M K Meikle





REGISTERED OFFICE: 5 Dalsholm Avenue
Dawsholm Industrial Estate
Glasgow
G20 0TS





REGISTERED NUMBER: SC131633 (Scotland)





ACCOUNTANTS: McEwen & Company CA
2 Broadcroft
Kirkintilloch
Glasgow
G66 1HP

Aardee Security Shutters Limited (Registered number: SC131633)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,948 19,428

CURRENT ASSETS
Stocks 66,105 60,365
Debtors 5 270,770 241,969
Cash at bank and in hand 182,467 130,826
519,342 433,160
CREDITORS
Amounts falling due within one year 6 268,048 255,913
NET CURRENT ASSETS 251,294 177,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,242

196,675

CREDITORS
Amounts falling due after more than one year 7 (15,833 ) (27,604 )

PROVISIONS FOR LIABILITIES (4,360 ) (3,691 )
NET ASSETS 254,049 165,380

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Revaluation reserve 8 5,500 5,500
Retained earnings 223,549 134,880
254,049 165,380

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

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

Aardee Security Shutters Limited (Registered number: SC131633)

Balance Sheet - continued
31 December 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 11 September 2024 and were signed on its behalf by:





M K Meikle - Director


Aardee Security Shutters Limited (Registered number: SC131633)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Aardee Security Shutters 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 and 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

Aardee Security Shutters Limited (Registered number: SC131633)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 149,382
Additions 13,598
Disposals (1,650 )
At 31 December 2023 161,330
DEPRECIATION
At 1 January 2023 129,954
Charge for year 10,078
Eliminated on disposal (1,650 )
At 31 December 2023 138,382
NET BOOK VALUE
At 31 December 2023 22,948
At 31 December 2022 19,428

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 119,812 151,443
Other debtors 150,958 90,526
270,770 241,969

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 128,943 125,172
Taxation and social security 20,419 13,940
Other creditors 118,686 116,801
268,048 255,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 15,833 27,604

Aardee Security Shutters Limited (Registered number: SC131633)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 5,500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Company has received a loan from the Directors amounting to £97,186 (2022 : £97,186). This loan
is interest free , unsecured and with no fixed date of repayment.

10. RELATED PARTY DISCLOSURES

The Company traded with a partnership , RCE Associates (RCE) , which is owned by the Directors. At the year end RCE owed the Company £75,999 (2022 : £66,729).

The Company also traded with Directional Data Systems Ltd (DDS) , in which the Directors have majority control. At the year end DDS owed the Company £63,465 (2022 : £9,309).