REGISTERED NUMBER: SC489295 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

ALLIED PERIMETER SAFETY NETTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Lonie

REGISTERED OFFICE:

First Floor, 5 Abercrombie Court

Prospect Road

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6FE

REGISTERED NUMBER:

SC489295 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

4

11,625

750

CURRENT ASSETS

Debtors

5

29,646

26,956

Cash at bank

101,802

105,997

131,448

132,953

CREDITORS

Amounts falling due within one year

6

15,746

24,840

NET CURRENT ASSETS

115,702

108,113

TOTAL ASSETS LESS CURRENT LIABILITIES

127,327

108,863

PROVISIONS FOR LIABILITIES

7

2,209

143

NET ASSETS

125,118

108,720

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

125,018

108,620

SHAREHOLDERS' FUNDS

125,118

108,720

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.

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 director and authorised for issue on 2 April 2025 and were signed by:

D Lonie - Director

1.	STATUTORY INFORMATION

Allied Perimeter Safety Netting 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

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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

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.

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2023

-

1,500

8,185

9,685

Additions

15,000

-

-

15,000

At 31 October 2024

15,000

1,500

8,185

24,685

DEPRECIATION

At 1 November 2023

-

750

8,185

8,935

Charge for year

3,750

375

-

4,125

At 31 October 2024

3,750

1,125

8,185

13,060

NET BOOK VALUE

At 31 October 2024

11,250

375

-

11,625

At 31 October 2023

-

750

-

750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

24,552

25,323

VAT

3,349

-

Prepayments

1,745

1,633

29,646

26,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade creditors

3,657

12,099

Tax

3,216

6,904

Social security and other taxes

674

913

VAT

-

2,409

Other creditors

1,973

881

Directors' current accounts

726

209

Accrued expenses

5,500

1,425

15,746

24,840

7.	PROVISIONS FOR LIABILITIES

31.10.24

31.10.23

£

£

Deferred tax

2,209

143

Deferred

tax

£

Balance at 1 November 2023

143

Provided during year

2,066

Balance at 31 October 2024

2,209

8.	RELATED PARTY DISCLOSURES

During the year a management fee has been accounted for between Allied Stevedores Ltd and Allied Perimeter Safety Netting Ltd £4,000.