iso4217:GBP
xbrli:pure
xbrli:shares
iso4217:GBP
xbrli:shares
SC031638
2024-11-30
SC031638
2023-11-30
SC031638
2023-12-01
2024-11-30
SC031638
2022-12-01
2023-11-30
SC031638
bus:Director1
2023-12-01
2024-11-30
SC031638
bus:SmallEntities
2023-12-01
2024-11-30
SC031638
bus:AuditExemptWithAccountantsReport
2023-12-01
2024-11-30
SC031638
bus:FilletedAccounts
2023-12-01
2024-11-30
SC031638
bus:Director1
2023-12-01
2024-11-30
SC031638
2023-12-01
2024-11-30
SC031638
bus:PrivateLimitedCompanyLtd
2023-12-01
2024-11-30
AUTOMATION AND GENERAL SECURITIES LIMITED
Registration Number SC031638 (Scotland)
Filleted Unaudited Financial Statements
for the year ended 30 November 2024
AUTOMATION AND GENERAL SECURITIES LIMITED
Financial Statements for the year ended 30 November 2024
STATEMENT OF FINANCIAL POSITION
Tangible assets
2
1,746,203
1,785,872
Investments
3
275,175
264,547
Cash at bank and in hand
50,062
16,111
Creditors: amounts falling due within one year
5
221,480
226,820
Net current liabilities
(93,106)
(92,397)
Total assets less current liabilities
1,928,272
1,958,022
Provision for liabilities
(103,161)
(101,535)
Net assets
1,825,111
1,856,487
Called up share capital
6,000
6,000
Revaluation reserve
1,235,997
1,235,997
Capital redemption reserve
4,000
4,000
Profit and loss account
579,114
610,490
Shareholder's funds
1,825,111
1,856,487
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements and reports have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the statement of comprehensive income has been taken.
For the year ended 30 November 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its accounts for the year ended 30 November 2024 in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities for complying with the requirments of the Companies Act 2006 with respect ot accounting records and the preparation of accounts.
AUTOMATION AND GENERAL SECURITIES LIMITED
Financial Statements for the year ended 30 November 2024
STATEMENT OF FINANCIAL POSITION
The financial statements were approved and authorised for issue by the Board of Directors on 2 August 2025.
Signed on behalf of the Board of Directors
The notes on pages 3 to 6 form part of these accounts.
Company registration number: SC031638
AUTOMATION AND GENERAL SECURITIES LIMITED
Financial Statements for the year ended 30 November 2024
NOTES TO THE FINANCIAL STATEMENTS
1.
Summary of significant accounting policies
1.1
General information and basis of preparation
Automation and General Securities Limited is a private company limited by shares, registered in Scotland. The address of the registered office and registration number are as below:
These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006.
The financial statements are prepared in sterling (£) which is the functional currency of the company and rounded to the nearest £.
The financial statement have been prepared on the historical basis, as modified by the revaluation of certain financial assets.
The financial statements are prepared on a going concern basis and comply with the financial reporting standards of FRC including FRS102, "The Financial Reporting Standards applicable in the UK and Ireland" as adapted by Section 1A.
1.2
Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Asset class
Useful life / depreciation rate
Freehold property
2% straight line
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is valued to its fair value at each reporting date and any changes in fair value are recognised in profit and loss.
The methods and significant assumptions used to ascertain the fair value of £ and fair value movement of £ included in the profit / loss for the year / period are as follows:
Listed investments are measured at fair value with changes in fair value being recognised in profit and loss.
AUTOMATION AND GENERAL SECURITIES LIMITED
Financial Statements for the year ended 30 November 2024
NOTES TO THE FINANCIAL STATEMENTS
1.4
Financial instruments
The Company has chosen to adopt Section 11 of FRS102 in respect of financial instruments.
Other financial assets, including trade debtors for goods sold to customers on short-term credit, are initially measured at the transaction price including transaction costs, and are subsequently measured at the transaction price plus transaction costs not yet recognised, cumulative interest income less repayments and impairment, where there is evidence of impairment.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Other financial liabilities
Other financial liabilities, including trade creditors, are initially measured at transaction price less transaction costs, and are subsequently measured at the transaction price less transaction costs not yet recognised in profit or loss and repayments plus cumulative interest expenses incurred.
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.
AUTOMATION AND GENERAL SECURITIES LIMITED
Financial Statements for the year ended 30 November 2024
NOTES TO THE FINANCIAL STATEMENTS
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.
Balances at year end and movements for the year
At 30 November 2024
1,983,461
At 01 December 2023
(197,589)
Charge for the year
(39,669)
At 30 November 2024
(237,258)
At 01 December 2023
1,785,872
At 30 November 2024
1,746,203
Investment property included in freehold property was valued by the directors, on 30 November 2024. The historic cost of the invetsment property is £331,912 (2023 - £331,912)
AUTOMATION AND GENERAL SECURITIES LIMITED
Financial Statements for the year ended 30 November 2024
NOTES TO THE FINANCIAL STATEMENTS
Other invetsments other than loans investments
£
At 01 December 2023
264,547
At 30 November 2024
275,175
At 30 November 2023
264,547
At 30 November 2024
275,175
Other debtors
78,312
118,312
5.
Creditors: amounts falling due within one year
Creditors: amounts falling due within one year comprise:
Other creditors
220,888
226,383
Appendix - Additional XBRL Tags and Values
Accounting standards applied
Accounts status, audited or unaudited
Average number of employees during the period
Average number of employees during the period
Date of authorisation of financial statements for issue
Director signing Directors' Report
Director signing financial statements
End date for period covered by report
Entity current legal or registered name
Automation and General Securities Limited
Entity is dormant [true/false]
Name of individual auditor
Name of production software
Start date for period covered by report
UK Companies House registered number