REGISTERED NUMBER: SC273123 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

SIM FIRE AND SECURITY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C McEwan

R Rae

REGISTERED OFFICE:

38a Clydeford Road

Cambuslang

Glasgow

Strathclyde

G72 7JF

REGISTERED NUMBER:

SC273123 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Intangible assets

4

2,680

-

Tangible assets

5

22,351

15,695

Investments

6

7,450

7,450

32,481

23,145

CURRENT ASSETS

Stocks

5,000

4,000

Debtors

742,773

468,833

Cash at bank

66,653

204,339

814,426

677,172

CREDITORS

Amounts falling due within one year

620,058

503,790

NET CURRENT ASSETS

194,368

173,382

TOTAL ASSETS LESS CURRENT LIABILITIES

226,849

196,527

CREDITORS

Amounts falling due after more than one year

(10,896

)

(23,859

)

PROVISIONS FOR LIABILITIES

(1,556

)

-

NET ASSETS

214,397

172,668

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

214,297

172,568

SHAREHOLDERS' FUNDS

214,397

172,668

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 October 2025 and were signed on its behalf by:

Ms C McEwan - Director

1.	STATUTORY INFORMATION

Sim Fire and Security 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

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.

Website 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.

Plant and machinery etc

-

33% on cost and 25% 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.

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.

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 13 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2023

13,600

Additions

2,821

At 31 October 2024

16,421

AMORTISATION

At 1 November 2023

13,600

Amortisation for year

141

At 31 October 2024

13,741

NET BOOK VALUE

At 31 October 2024

2,680

At 31 October 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2023

128,014

Additions

21,662

Disposals

(11,500

)

At 31 October 2024

138,176

DEPRECIATION

At 1 November 2023

112,319

Charge for year

12,131

Eliminated on disposal

(8,625

)

At 31 October 2024

115,825

NET BOOK VALUE

At 31 October 2024

22,351

At 31 October 2023

15,695

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.10.24

31.10.23

£

£

Investments - Painting

7,450

7,450

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24

31.10.23

£

£

Ms C McEwan

Balance outstanding at start of year

-

-

Amounts advanced

6,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,000

-

R Rae

Balance outstanding at start of year

-

-

Amounts advanced

6,000

-

Amounts repaid

(139

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,861

-

There was no interest charged on the director's loan account.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms C Campbell through Sim SecurityLimited.