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REGISTERED NUMBER: SC311985 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SAFETYNET SCOTLAND LIMITED

SAFETYNET SCOTLAND LIMITED (REGISTERED NUMBER: SC311985)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

SAFETYNET SCOTLAND LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTORS: Mr C Cooper
Mrs J Cooper





REGISTERED OFFICE: Unit 2, The Venue
Grandholm Crescent
Aberdeen
AB22 8AA





REGISTERED NUMBER: SC311985 (Scotland)





ACCOUNTANTS: Acumen Accountants & Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

SAFETYNET SCOTLAND LIMITED (REGISTERED NUMBER: SC311985)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 5,410 16,508
Tangible assets 5 32,038 38,467
37,448 54,975

CURRENT ASSETS
Debtors 6 36,116 37,200
Cash at bank 342,950 328,857
379,066 366,057
CREDITORS
Amounts falling due within one year 7 91,312 82,270
NET CURRENT ASSETS 287,754 283,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,202

338,762

CREDITORS
Amounts falling due after more than one year 8 - (16,514 )

PROVISIONS FOR LIABILITIES 9 (9,362 ) (13,744 )
NET ASSETS 315,840 308,504

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 315,740 308,404
SHAREHOLDERS' FUNDS 315,840 308,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 19 May 2025 and were signed on its behalf by:





Mrs J Cooper - Director


SAFETYNET SCOTLAND LIMITED (REGISTERED NUMBER: SC311985)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Safetynet Scotland 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost and 20% on reducing balance

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 6 (2024 - 6 ) .

SAFETYNET SCOTLAND LIMITED (REGISTERED NUMBER: SC311985)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2024
and 31 March 2025 34,440
AMORTISATION
At 1 April 2024 17,932
Amortisation for year 11,098
At 31 March 2025 29,030
NET BOOK VALUE
At 31 March 2025 5,410
At 31 March 2024 16,508

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 180 41,036 40,419 12,159 93,794
Additions - - - 3,835 3,835
Reclassification/transfer - (307 ) - 308 1
At 31 March 2025 180 40,729 40,419 16,302 97,630
DEPRECIATION
At 1 April 2024 180 20,252 26,069 8,826 55,327
Charge for year - 3,566 4,791 1,908 10,265
At 31 March 2025 180 23,818 30,860 10,734 65,592
NET BOOK VALUE
At 31 March 2025 - 16,911 9,559 5,568 32,038
At 31 March 2024 - 20,784 14,350 3,333 38,467

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 29,588 29,545
Other debtors - 11
Prepayments 6,528 7,644
36,116 37,200

SAFETYNET SCOTLAND LIMITED (REGISTERED NUMBER: SC311985)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 708 10,098
Trade creditors - 447
Tax 32,333 31,021
Social security and other taxes 4,230 4,344
VAT 31,355 26,563
Other creditors 3,276 935
Directors' current accounts 16,052 5,637
Accrued expenses 3,358 3,225
91,312 82,270

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years - 10,354
Bank loans - 2-5 years - 6,160
- 16,514

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 9,362 13,744

Deferred
tax
£   
Balance at 1 April 2024 13,744
Movement (4,382 )
Balance at 31 March 2025 9,362

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr C Cooper
Balance outstanding at start of year (571 ) (305 )
Amounts advanced 20,285 46
Amounts repaid (27,740 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,026 ) (571 )

Mrs J Cooper
Balance outstanding at start of year (5,066 ) (4,765 )
Amounts advanced 5,052 11
Amounts repaid (8,012 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,026 ) (5,066 )

The directors loan is interest free with no fixed term of repayment.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SAFETYNET SCOTLAND LIMITED

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 Safetynet Scotland Limited for the year ended 31 March 2025 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 Safetynet Scotland Limited, 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 Safetynet Scotland Limited and state those matters that we have agreed to state to the Board of Directors of Safetynet Scotland Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

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 Safetynet Scotland Limited 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 Safetynet Scotland Limited. You consider that Safetynet Scotland Limited 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 Safetynet Scotland Limited. 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.






Acumen Accountants & Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


21 May 2025