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REGISTERED NUMBER: SC526884 (Scotland)









SAFER SCOTLAND LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






SAFER SCOTLAND LTD (REGISTERED NUMBER: SC526884)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SAFER SCOTLAND LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: R Clark
P Bunting
A W Russell





REGISTERED OFFICE: 272 Bath Street
Glasgow
G2 4JR





BUSINESS ADDRESS: Units 1-2 Building C
Kelburn Business Park
Port Glasgow
PA14 6BL





REGISTERED NUMBER: SC526884 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SAFER SCOTLAND LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Safer Scotland Ltd for the year ended 29th February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Safer Scotland Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Safer Scotland Ltd and state those matters that we have agreed to state to the Board of Directors of Safer Scotland Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Safer Scotland Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Safer Scotland Ltd. You consider that Safer Scotland Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Safer Scotland Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


28th November 2024

SAFER SCOTLAND LTD (REGISTERED NUMBER: SC526884)

BALANCE SHEET
29TH FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 278,213 235,549
Tangible assets 5 2,665,029 1,698,995
2,943,242 1,934,544

CURRENT ASSETS
Stocks 347,439 22,118
Debtors 6 3,153,060 1,126,050
Cash at bank and in hand 77,545 230,010
3,578,044 1,378,178
CREDITORS
Amounts falling due within one year 7 2,233,089 1,563,170
NET CURRENT ASSETS/(LIABILITIES) 1,344,955 (184,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,288,197

1,749,552

CREDITORS
Amounts falling due after more than one
year

8

(177,331

)

(113,086

)

PROVISIONS FOR LIABILITIES (715,614 ) (176,127 )
NET ASSETS 3,395,252 1,460,339

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 3,395,251 1,460,338
SHAREHOLDERS' FUNDS 3,395,252 1,460,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

SAFER SCOTLAND LTD (REGISTERED NUMBER: SC526884)

BALANCE SHEET - continued
29TH FEBRUARY 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 28th November 2024 and were signed on its behalf by:





A W Russell - Director


SAFER SCOTLAND LTD (REGISTERED NUMBER: SC526884)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Safer 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.

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


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.

Going Concern
The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover
The turnover shown in the profit and loss account represents the sales value for the provision of security services and equipment during the year, exclusive of Value Added Tax.

Research and development
Research and development expenditure on clearly defined projects whose outcome can be assessed with reasonable certainty is capitalised and amortisation is commenced in the year the product is released. All other research and development expenditure is written off in the year in which it is incurred.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Research and development- 25% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - 25% straight line
Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Motor vehicles - 25% straight line
Computer equipment - 25% straight line

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
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


SAFER SCOTLAND LTD (REGISTERED NUMBER: SC526884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 54 (2023 - 40 ) .

SAFER SCOTLAND LTD (REGISTERED NUMBER: SC526884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1st March 2023 266,829
Additions 107,235
At 29th February 2024 374,064
AMORTISATION
At 1st March 2023 31,280
Amortisation for year 64,571
At 29th February 2024 95,851
NET BOOK VALUE
At 29th February 2024 278,213
At 28th February 2023 235,549

The amounts capitalised relate to development work on the Safer Pods S1, S3, S4 and S7.

These costs have been capitalised in order to match the costs incurred against the significant revenues that are generated from these products.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 2,451,443
Additions 1,794,394
Disposals (132,515 )
At 29th February 2024 4,113,322
DEPRECIATION
At 1st March 2023 752,448
Charge for year 761,955
Eliminated on disposal (66,110 )
At 29th February 2024 1,448,293
NET BOOK VALUE
At 29th February 2024 2,665,029
At 28th February 2023 1,698,995

SAFER SCOTLAND LTD (REGISTERED NUMBER: SC526884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st March 2023 261,446
Additions 214,430
Disposals (48,162 )
Transfer to ownership (1,867 )
At 29th February 2024 425,847
DEPRECIATION
At 1st March 2023 72,103
Charge for year 82,163
Eliminated on disposal (22,751 )
Transfer to ownership (1,226 )
At 29th February 2024 130,289
NET BOOK VALUE
At 29th February 2024 295,558
At 28th February 2023 189,343

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,404,377 1,107,280
Other debtors 748,683 18,770
3,153,060 1,126,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts 91,071 52,876
Trade creditors 1,079,713 565,767
Taxation and social security 449,104 189,932
Other creditors 603,201 744,595
2,233,089 1,563,170

SAFER SCOTLAND LTD (REGISTERED NUMBER: SC526884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 12,500 22,500
Hire purchase contracts 164,831 90,586
177,331 113,086

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,500 12,500

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 255,902 143,462
Amount owed to bank 339,193 625,745
595,095 769,207

There is a floating charge over the assets of the company to secure any future sums and obligations due or become due from time to time by the company to Aldermore Bank Plc.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number: Class: Nominal 28.02.22 28.02.21
value: £    £   

76 A Ordinary 0.01p 0.76 0.76
24 B Ordinary 0.01p 0.24 0.24
1 1

12. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £122,298 (2023: £90,167)

SAFER SCOTLAND LTD (REGISTERED NUMBER: SC526884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29th February 2024 and 28th February 2023:

29.2.24 28.2.23
£    £   
P Bunting
Balance outstanding at start of year - -
Amounts advanced 30,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,000 -

This amount bears no interest

14. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr R Clark throughout the current and previous year.