REGISTERED NUMBER: SC131633 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Aardee Security Shutters Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Dunbar

M K Meikle

SECRETARY:

M K Meikle

REGISTERED OFFICE:

5 Dalsholm Avenue

Dawsholm Industrial Estate

Glasgow

G20 0TS

REGISTERED NUMBER:

SC131633 (Scotland)

ACCOUNTANTS:

McEwen & Company CA

2 Broadcroft

Kirkintilloch

Glasgow

G66 1HP

FIXED ASSETS

Tangible assets

4

25,924

22,948

CURRENT ASSETS

Stocks

35,357

66,105

Debtors

5

386,544

270,770

Cash at bank and in hand

120,866

182,467

542,767

519,342

CREDITORS

Amounts falling due within one year

6

283,937

268,048

NET CURRENT ASSETS

258,830

251,294

TOTAL ASSETS LESS CURRENT LIABILITIES

284,754

274,242

CREDITORS

Amounts falling due after more than one year

7

(5,833

)

(15,833

)

PROVISIONS FOR LIABILITIES

(2,336

)

(4,360

)

NET ASSETS

276,585

254,049

CAPITAL AND RESERVES

Called up share capital

25,000

25,000

Revaluation reserve

8

5,500

5,500

Retained earnings

246,085

223,549

276,585

254,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 16 September 2025 and were signed on its behalf by:

M K Meikle - Director

1.	STATUTORY INFORMATION

Aardee Security Shutters 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

-

25% on cost and 20% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

161,330

Additions

16,781

Disposals

(13,275

)

At 31 December 2024

164,836

DEPRECIATION

At 1 January 2024

138,382

Charge for year

13,805

Eliminated on disposal

(13,275

)

At 31 December 2024

138,912

NET BOOK VALUE

At 31 December 2024

25,924

At 31 December 2023

22,948

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

153,299

119,812

Other debtors

233,245

150,958

386,544

270,770

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

129,415

128,943

Taxation and social security

30,287

20,419

Other creditors

124,235

118,686

283,937

268,048

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

5,833

15,833

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

5,500

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Company has received a loan from the Directors amounting to £97,186 (2023 : £97,186). This loan

is interest free , unsecured and with no fixed date of repayment.

10.	RELATED PARTY DISCLOSURES

The Company traded with a partnership , RCE Associates (RCE) , which is owned by the Directors. At the year end RCE owed the Company £80,599 (2023 : £75,999).

The Company also traded with Directional Data Systems Ltd (DDS) , in which the Directors have majority control. At the year end DDS owed the Company £127,199 (2023 : £63,465).