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REGISTERED NUMBER: SC326307 (Scotland)




















Getmie Safe Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Getmie Safe Limited (Registered number: SC326307)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Getmie Safe Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D Gettie
Mrs L J Gettie



SECRETARY: Mrs L J Gettie



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC326307 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
The Direct Business Bank
PO BOX 17235
Edinburgh
EH11 1YH

Getmie Safe Limited (Registered number: SC326307)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,229 2,454

CURRENT ASSETS
Stocks 14,839 12,560
Debtors 5 81,837 33,910
Cash at bank 62,017 67,910
158,693 114,380
CREDITORS
Amounts falling due within one year 6 45,201 81,648
NET CURRENT ASSETS 113,492 32,732
TOTAL ASSETS LESS CURRENT LIABILITIES 116,721 35,186

PROVISIONS FOR LIABILITIES 807 614
NET ASSETS 115,914 34,572

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 115,814 34,472
SHAREHOLDERS' FUNDS 115,914 34,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Getmie Safe Limited (Registered number: SC326307)

Balance Sheet - continued
31 March 2024


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 1 November 2024 and were signed on its behalf by:





Mr D Gettie - Director


Getmie Safe Limited (Registered number: SC326307)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Getmie Safe 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 and revenue recognition
Turnover represents net invoiced sales of goods, excluding value added tax. In respect of service contracts turnover is recognised when the company obtains the right to consideration.

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 - 33% on cost, 25% on cost, 10% on cost and 25% - 33% on cost

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. All loans with related parties are all repayable on demand.

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.


Getmie Safe Limited (Registered number: SC326307)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Provision for liabilities
Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

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

Getmie Safe Limited (Registered number: SC326307)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 55,345
Additions 2,606
Disposals (11,363 )
At 31 March 2024 46,588
DEPRECIATION
At 1 April 2023 52,891
Charge for year 1,350
Eliminated on disposal (10,882 )
At 31 March 2024 43,359
NET BOOK VALUE
At 31 March 2024 3,229
At 31 March 2023 2,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,178 32,876
Other debtors 659 1,034
81,837 33,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 49,705
Taxation and social security 39,847 25,302
Other creditors 5,354 6,641
45,201 81,648

The director's current account balance is unsecured, interest free and have no fixed term of repayment.

Getmie Safe Limited (Registered number: SC326307)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Gettie and Mrs L J Gettie.

Getmie Safe Limited is a wholly owned subsidiary of Wyvis Stocker Limited, a company registered in Scotland and whose registered office is 9 Ainslie Place, Edinburgh, EH3 6AT.