REGISTERED NUMBER: SC326307 (Scotland)

Getmie Safe Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Gettie

Mrs L J Gettie

SECRETARY:

Mrs L J Gettie

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC326307 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland

The Direct Business Bank

PO BOX 17235

Edinburgh

EH11 1YH

FIXED ASSETS

Tangible assets

4

5,021

3,229

CURRENT ASSETS

Stocks

9,840

14,839

Debtors

5

55,692

81,837

Cash at bank

56,104

62,017

121,636

158,693

CREDITORS

Amounts falling due within one year

6

16,126

45,201

NET CURRENT ASSETS

105,510

113,492

TOTAL ASSETS LESS CURRENT LIABILITIES

110,531

116,721

PROVISIONS FOR LIABILITIES

1,255

807

NET ASSETS

109,276

115,914

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

109,176

115,814

SHAREHOLDERS' FUNDS

109,276

115,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 30 July 2025 and were signed on its behalf by:

Mr D Gettie - Director

1.	STATUTORY INFORMATION

Getmie Safe 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 and revenue recognition

Turnover represents net invoiced sales of goods, excluding value added tax. In respect of service contracts turnover is recognised when the company obtains the right to consideration.

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, 25% on cost, 10% on cost and 25% - 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. All loans with related parties are all repayable on demand.

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.

Provision for liabilities

Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

46,588

Additions

3,575

Disposals

(2,214

)

At 31 March 2025

47,949

DEPRECIATION

At 1 April 2024

43,359

Charge for year

1,783

Eliminated on disposal

(2,214

)

At 31 March 2025

42,928

NET BOOK VALUE

At 31 March 2025

5,021

At 31 March 2024

3,229

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

48,779

81,178

Other debtors

6,913

659

55,692

81,837

The overdrawn director's current account will be repaid 9 months after the year end.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

12,938

39,847

Other creditors

3,188

5,354

16,126

45,201

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr D Gettie and Mr D Gettie

Balance outstanding at start of year

(670

)

447

Amounts advanced

5,029

87

Amounts repaid

(467

)

(1,204

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,892

(670

)

The director's current account is unsecured and interest free.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Gettie and Mrs L J Gettie.

Getmie Safe Limited is a wholly owned subsidiary of Wyvis Stocker Limited, a company registered in Scotland and whose registered office is 9 Ainslie Place, Edinburgh, EH3 6AT.