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REGISTERED NUMBER: SC713652 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Innes Events Safety And Security Ltd

Innes Events Safety And Security Ltd (Registered number: SC713652)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Innes Events Safety And Security Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Drew Innes





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC713652 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Innes Events Safety And Security Ltd (Registered number: SC713652)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,993 62,617

CURRENT ASSETS
Debtors 5 38,224 23,773
Cash at bank 55,725 1,910
93,949 25,683
CREDITORS
Amounts falling due within one year 6 77,311 69,868
NET CURRENT ASSETS/(LIABILITIES) 16,638 (44,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,631

18,432

PROVISIONS FOR LIABILITIES 7 870 680
NET ASSETS 68,761 17,752

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 68,661 17,652
SHAREHOLDERS' FUNDS 68,761 17,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Innes Events Safety And Security Ltd (Registered number: SC713652)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 February 2025 and were signed by:





Drew Innes - Director


Innes Events Safety And Security Ltd (Registered number: SC713652)

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

1. STATUTORY INFORMATION

Innes Events Safety And Security 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.

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.
Motor vehicles - 15% on reducing balance
Computer equipment - 20% on cost

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Innes Events Safety And Security Ltd (Registered number: SC713652)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 72,000 2,218 74,218
DEPRECIATION
At 1 November 2023 10,800 801 11,601
Charge for year 9,180 444 9,624
At 31 October 2024 19,980 1,245 21,225
NET BOOK VALUE
At 31 October 2024 52,020 973 52,993
At 31 October 2023 61,200 1,417 62,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,224 23,773

Innes Events Safety And Security Ltd (Registered number: SC713652)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 13,794 5,377
Other creditors 63,517 64,491
77,311 69,868

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 870 680

Deferred
tax
£   
Balance at 1 November 2023 680
Provided during year 190
Balance at 31 October 2024 870

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary A £1 40 40
40 Ordinary B £1 40 40
20 Ordinary C £1 20 20
100 100