REGISTERED NUMBER: SC177283 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

NW Security Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K W Bowyer

F A Crouwel

R D Kilgour

REGISTERED OFFICE:

Archibald Hope House Eskmills Park

Station Road

Musselburgh

EH21 7PQ

REGISTERED NUMBER:

SC177283 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Intangible assets

4

323,505

314,103

Tangible assets

5

64,790

87,283

388,295

401,386

CURRENT ASSETS

Stocks

92,419

114,421

Debtors

6

493,355

701,633

Cash at bank and in hand

417,581

300,842

1,003,355

1,116,896

CREDITORS

Amounts falling due within one year

7

538,410

561,561

NET CURRENT ASSETS

464,945

555,335

TOTAL ASSETS LESS CURRENT LIABILITIES

853,240

956,721

CREDITORS

Amounts falling due after more than one year

8

(16,407

)

(47,559

)

PROVISIONS FOR LIABILITIES

(94,000

)

(96,151

)

NET ASSETS

742,833

813,011

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Capital redemption reserve

1,000

1,000

Retained earnings

738,833

809,011

742,833

813,011

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 24 July 2025 and were signed on its behalf by:

F A Crouwel - Director

1.	STATUTORY INFORMATION

NW Security Group 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 five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

33% on cost

Fixtures and fittings

-

15% on cost and 15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

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 18 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

1,417,733

Additions

93,359

Disposals

(550

)

At 31 December 2024

1,510,542

AMORTISATION

At 1 January 2024

1,103,630

Amortisation for year

83,957

Eliminated on disposal

(550

)

At 31 December 2024

1,187,037

NET BOOK VALUE

At 31 December 2024

323,505

At 31 December 2023

314,103

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Motor

Computer

improvements

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

29,621

31,983

58,355

39,960

159,919

Additions

-

-

-

3,878

3,878

Disposals

(948

)

(3,707

)

-

-

(4,655

)

At 31 December 2024

28,673

28,276

58,355

43,838

159,142

DEPRECIATION

At 1 January 2024

28,498

21,268

2,158

20,712

72,636

Charge for year

636

1,778

11,239

12,464

26,117

Eliminated on disposal

(948

)

(3,453

)

-

-

(4,401

)

At 31 December 2024

28,186

19,593

13,397

33,176

94,352

NET BOOK VALUE

At 31 December 2024

487

8,683

44,958

10,662

64,790

At 31 December 2023

1,123

10,715

56,197

19,248

87,283

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

434,184

647,308

Other debtors

59,171

54,325

493,355

701,633

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

26,833

50,000

Hire purchase contracts

6,153

6,153

Trade creditors

318,890

291,594

Taxation and social security

110,002

111,385

Other creditors

76,532

102,429

538,410

561,561

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

-

25,000

Hire purchase contracts

16,407

22,559

16,407

47,559