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REGISTERED NUMBER: SC365622 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

MCS Safety Systems Limited

MCS Safety Systems Limited (Registered number: SC365622)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCS Safety Systems Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M M Cowley





REGISTERED OFFICE: 16 Lady Lane
Paisley
PA1 2LJ





REGISTERED NUMBER: SC365622 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

MCS Safety Systems Limited (Registered number: SC365622)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,412 70,522
Investments 5 41,000 41,000
183,412 111,522

CURRENT ASSETS
Stocks 25,458 -
Debtors 6 131,924 188,615
Cash at bank and in hand 126,167 161,032
283,549 349,647
CREDITORS
Amounts falling due within one year 7 60,790 89,204
NET CURRENT ASSETS 222,759 260,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,171

371,965

CREDITORS
Amounts falling due after more than one year 8 (44,548 ) -

PROVISIONS FOR LIABILITIES (27,360 ) (16,810 )
NET ASSETS 334,263 355,155

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 333,263 354,155
SHAREHOLDERS' FUNDS 334,263 355,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MCS Safety Systems Limited (Registered number: SC365622)

Balance Sheet - continued
30 September 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 director and authorised for issue on 26 June 2025 and were signed by:





M M Cowley - Director


MCS Safety Systems Limited (Registered number: SC365622)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

MCS Safety Systems 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MCS Safety Systems Limited (Registered number: SC365622)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 129,697
Additions 98,919
Disposals (8,576 )
At 30 September 2024 220,040
DEPRECIATION
At 1 October 2023 59,175
Charge for year 22,538
Eliminated on disposal (4,085 )
At 30 September 2024 77,628
NET BOOK VALUE
At 30 September 2024 142,412
At 30 September 2023 70,522

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 41,000
NET BOOK VALUE
At 30 September 2024 41,000
At 30 September 2023 41,000

MCS Safety Systems Limited (Registered number: SC365622)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 66,621 125,180
Other debtors 1,094 1,000
67,715 126,180

Amounts falling due after more than one year:
Amounts owed by associates 64,209 62,435

Aggregate amounts 131,924 188,615

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 15,502 12,481
Trade creditors 3,647 -
Taxation and social security 35,064 65,513
Other creditors 6,577 11,210
60,790 89,204

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 44,548 -

9. SECURED DEBTS

The Royal Bank of Scotland PLC holds a floating charge over the assets of the company.

10. RELATED PARTY DISCLOSURES

Amounts due from group undertakings of £64,209 are unsecured and interest free.

11. ULTIMATE CONTROLLING PARTY

The controlling party is M M Cowley.