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REGISTERED NUMBER: SC412503 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Bonthrone Security Services Limited

Bonthrone Security Services Limited (Registered number: SC412503)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Bonthrone Security Services Limited (Registered number: SC412503)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,446 27,517

CURRENT ASSETS
Stocks 169,170 136,671
Debtors 5 223,675 188,062
Cash in hand 20 19
392,865 324,752
CREDITORS
Amounts falling due within one year 6 (770,122 ) (701,403 )
NET CURRENT LIABILITIES (377,257 ) (376,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(366,811

)

(349,134

)

CREDITORS
Amounts falling due after more than one
year

7

(31,694

)

(53,789

)
NET LIABILITIES (398,505 ) (402,923 )

CAPITAL AND RESERVES
Called up share capital 100 1
Capital redemption reserve 1 1
Retained earnings (398,606 ) (402,925 )
SHAREHOLDERS' FUNDS (398,505 ) (402,923 )

Bonthrone Security Services Limited (Registered number: SC412503)

Balance Sheet - continued
30 November 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 16 April 2025 and were signed by:





Mr I A Bonthrone - Director


Bonthrone Security Services Limited (Registered number: SC412503)

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

1. STATUTORY INFORMATION

Bonthrone Security Services Limited is a private company, limited by shares, domiciled in Scotland, registration number SC412503. The registered office is Eastfield, Forgandenny, Perthshire, PH2 9EX.

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 represents net invoiced sales of goods and services in respect of the sale of security systems, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Bonthrone Security Services Limited (Registered number: SC412503)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Going concern
The director of the company has reviewed the company's financial position for 12 months from the balance sheet signing date and it is the director's belief that the company should prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 112,148
Additions 3,080
Disposals (16,800 )
At 30 November 2024 98,428
DEPRECIATION
At 1 December 2023 84,631
Charge for year 14,559
Eliminated on disposal (18,866 )
Transfer to ownership 7,658
At 30 November 2024 87,982
NET BOOK VALUE
At 30 November 2024 10,446
At 30 November 2023 27,517

Bonthrone Security Services Limited (Registered number: SC412503)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023 26,372
Disposals (16,800 )
Transfer to ownership (9,572 )
At 30 November 2024 -
DEPRECIATION
At 1 December 2023 12,751
Charge for year 6,115
Eliminated on disposal (18,866 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 13,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 220,245 124,664
Other debtors 3,430 63,398
223,675 188,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 70,956 75,349
Hire purchase contracts - 7,964
Trade creditors 142,216 390,220
Taxation and social security 207,796 117,554
Other creditors 349,154 110,316
770,122 701,403

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 31,694 51,686
Hire purchase contracts - 2,103
31,694 53,789

Bonthrone Security Services Limited (Registered number: SC412503)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank overdrafts 50,964 55,357
Bank loans 51,686 71,678
Other loans - 100,000
Hire purchase contracts - 10,067
102,650 237,102

The bank loan and overdraft are secured by way of a floating charge over the company's assets.

Other loans are secured by way of a personal guarantee by the director.

The amounts due on hire purchase are secured over the assets financed.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
Mr I A Bonthrone
Balance outstanding at start of year 45,507 109,923
Amounts advanced - 7,584
Amounts repaid (45,507 ) (72,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 45,507