SC383349falseProvision of Fire Risk Assessment & Safety Training2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-07-31http://www.companieshouse.gov.uk/cd:Director12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-07-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-07-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-07-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-07-31http://www.companieshouse.gov.uk/2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:FRS1022023-08-012024-07-31http://www.companieshouse.gov.uk/2024-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC383349

Code Red Safety Solutions Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024


Code Red Safety Solutions Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
DIRECTORS
James McMahon
REGISTERED OFFICE
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC383349

Code Red Safety Solutions Ltd

ACCOUNTS
FOR THEYEARENDED31/07/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Code Red Safety Solutions Ltd

BALANCE SHEET AT 31/07/2024
20242023
Notes££
FIXED ASSETS
Intangible assets312,50012,500
Tangible assets477,83365,948
Investment Assets5126,583126,583
216,916205,031
CURRENT ASSETS
Stock9,5074,125
Debtors79,78121,528
Cash at bank and in hand23,28347,307
42,57172,960
CREDITORS: Amounts falling due within one year819,35536,294
NET CURRENT ASSETS23,21636,666
TOTAL ASSETS LESS CURRENT LIABILITIES240,132241,697
CREDITORS: Amounts falling due after more than one year98,26115,424
NET ASSETS231,871226,273
CAPITAL AND RESERVES
Called up share capital1022
Profit and loss account231,869226,271
SHAREHOLDERS' FUNDS231,871226,273
For the year ending 31/07/2024 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/10/2024 and signed on their behalf by
.............................
James McMahon
Director

Code Red Safety Solutions Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. 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 most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or 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 amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

Code Red Safety Solutions Ltd

2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/08/202312,50012,500
At 31/07/202412,50012,500
Depreciation
At 31/07/2024--
Net Book Amounts
At 31/07/202412,50012,500
At 31/07/202312,50012,500
4. TANGIBLE FIXED ASSETS
Land AndLong LeaseholdCommercialFixtures
BuildingsPropertiesVehiclesand FittingsTotal
£££££
Cost
At 01/08/202323,75815,99353,6851,00994,445
Additions16,600---16,600
At 31/07/202440,35815,99353,6851,009111,045
Depreciation
At 01/08/2023--27,68880928,497
For the year--4,679364,715
At 31/07/2024--32,36784533,212
Net Book Amounts
At 31/07/202440,35815,99321,31816477,833
At 31/07/202323,75815,99325,99720065,948

Code Red Safety Solutions Ltd

5. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/08/2023126,583126,583
At 31/07/2024126,583126,583
Amortisation
Net Book Amounts
At 31/07/2024126,583126,583
At 31/07/2023126,583126,583
6. STOCK 20242023
££
Stock comprises:
Stock9,5074,125
9,5074,125
7. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors7,55821,527
VAT2,223-
9,78121,527
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax5,91116,380
VAT-6,223
CBIL Bank Loan < 1 year7,0007,860
Directors Loans3,5503,550
Other Creditors886318
Trade creditors2,0081,963
19,35536,294

Code Red Safety Solutions Ltd

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr8,26115,424
8,26115,424
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22