SAFE-TAY SECURITY SERVICES LTD

Company Registration Number:
SC351357 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

SAFE-TAY SECURITY SERVICES LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

SAFE-TAY SECURITY SERVICES LTD

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

security services



Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 28 February 2024

Darren Mccann


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 November 2024

And signed on behalf of the board by:
Name: Darren Mccann
Status: Director

SAFE-TAY SECURITY SERVICES LTD

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 5,411 7,215
Total fixed assets: 5,411 7,215
Current assets
Debtors: 4 110,440 98,289
Cash at bank and in hand: 109,325 60,429
Total current assets: 219,765 158,718
Creditors: amounts falling due within one year: 5 ( 143,815 ) ( 96,216 )
Net current assets (liabilities): 75,950 62,502
Total assets less current liabilities: 81,361 69,717
Provision for liabilities: ( 135 ) ( 135 )
Total net assets (liabilities): 81,226 69,582
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 81,126 69,482
Total Shareholders' funds: 81,226 69,582

The notes form part of these financial statements

SAFE-TAY SECURITY SERVICES LTD

Balance sheet statements

For the year ending 28 February 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 chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 November 2024
and signed on behalf of the board by:

Name: Darren Mccann
Status: Director

The notes form part of these financial statements

SAFE-TAY SECURITY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied. It is recognised to the extent that it is probable that the economic benefit will flow to the Company and the turnover can be reliably measured. The following criteria must also be met before turnover is recognised: Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

    Other accounting policies

    Judgements and key sources of estimated uncertainty The preparation of the financial statements requires management to make judgements estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances Corporation Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Financial Instruments The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

SAFE-TAY SECURITY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 172 165

SAFE-TAY SECURITY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 15,700 15,700
Additions
Disposals
Revaluations
Transfers
At 28 February 2024 15,700 15,700
Depreciation
At 1 March 2023 8,485 8,485
Charge for year 1,804 1,804
On disposals
Other adjustments
At 28 February 2024 10,289 10,289
Net book value
At 28 February 2024 5,411 5,411
At 28 February 2023 7,215 7,215

SAFE-TAY SECURITY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Debtors

2024 2023
£ £
Trade debtors 108,538 96,560
Other debtors 1,902 1,729
Total 110,440 98,289

SAFE-TAY SECURITY SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 26,464 36,270
Trade creditors 39,101 3,979
Taxation and social security 77,949 52,654
Accruals and deferred income 1,747
Other creditors 301 1,566
Total 143,815 96,216