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REGISTERED NUMBER: SC292591 (Scotland)















SECURITY SCOTLAND LTD.

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023






SECURITY SCOTLAND LTD. (REGISTERED NUMBER: SC292591)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SECURITY SCOTLAND LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: E Tobin (Deceased)
M J Thorburn
J E Glackin
C E Tobin
P C Callaghan





REGISTERED OFFICE: First Floor
159 Broad Street
Glasgow
G40 2QR





REGISTERED NUMBER: SC292591 (Scotland)





ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT

SECURITY SCOTLAND LTD. (REGISTERED NUMBER: SC292591)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,645 19,527

CURRENT ASSETS
Debtors 5 1,205,905 963,228
Cash at bank and in hand 612,281 415,130
1,818,186 1,378,358
CREDITORS
Amounts falling due within one year 6 1,480,008 1,078,441
NET CURRENT ASSETS 338,178 299,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,823

319,444

CREDITORS
Amounts falling due after more than one
year

7

(77,500

)

(107,500

)

PROVISIONS FOR LIABILITIES (4,947 ) (4,947 )
NET ASSETS 270,376 206,997

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 270,276 206,897
SHAREHOLDERS' FUNDS 270,376 206,997

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

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

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.

SECURITY SCOTLAND LTD. (REGISTERED NUMBER: SC292591)

BALANCE SHEET - continued
31ST OCTOBER 2023



The financial statements were approved by the Board of Directors and authorised for issue on 15th October 2024 and were signed on its behalf by:





C E Tobin - Director


SECURITY SCOTLAND LTD. (REGISTERED NUMBER: SC292591)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

Security Scotland Ltd. 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 reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 599 (2022 - 438 ) .

SECURITY SCOTLAND LTD. (REGISTERED NUMBER: SC292591)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022
and 31st October 2023 48,191
DEPRECIATION
At 1st November 2022 28,664
Charge for year 4,882
At 31st October 2023 33,546
NET BOOK VALUE
At 31st October 2023 14,645
At 31st October 2022 19,527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,055,581 814,607
Other debtors 150,324 148,621
1,205,905 963,228

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 96,323 98,491
Taxation and social security 355,903 257,232
Other creditors 997,782 692,718
1,480,008 1,078,441

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 77,500 107,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Factoring Facility 876,786 572,416

SECURITY SCOTLAND LTD. (REGISTERED NUMBER: SC292591)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
J E Glackin
Balance outstanding at start of year 26,035 -
Amounts advanced 564 41,035
Amounts repaid - (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,599 26,035

P C Callaghan
Balance outstanding at start of year 44,370 -
Amounts advanced 962 44,370
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,332 44,370

Interest of £1,526 was charged on the above loans during the year.

10. RELATED PARTY DISCLOSURES

During the year management charges of £62,833 (2022: £82,372) were paid to Cleaning Scotland Ltd., a company which is controlled by C. Tobin, director. Other debtors includes a balance due from this company of £50,594 (2022: £50,594).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Tobin, director, who owns 51% of the issued share capital.