REGISTERED NUMBER: SC382879 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Security and Fire Equipment Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H Millar

G Millar

M Millar

REGISTERED OFFICE:

Unit 6

Duke Street

Galashiels

Selkirkshire

TD1 1QD

REGISTERED NUMBER:

SC382879 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Intangible assets

4

5,050

6,060

Property, plant and equipment

5

121,997

169,644

127,047

175,704

CURRENT ASSETS

Inventories

82,841

124,092

Debtors

6

404,414

142,325

Cash at bank and in hand

517,364

596,709

1,004,619

863,126

CREDITORS

Amounts falling due within one year

7

290,934

192,298

NET CURRENT ASSETS

713,685

670,828

TOTAL ASSETS LESS CURRENT LIABILITIES

840,732

846,532

CREDITORS

Amounts falling due after more than one year

8

(32,521

)

(49,451

)

PROVISIONS FOR LIABILITIES

(27,000

)

(18,500

)

NET ASSETS

781,211

778,581

CAPITAL AND RESERVES

Called up share capital

18

18

Retained earnings

781,193

778,563

SHAREHOLDERS' FUNDS

781,211

778,581

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 2 April 2026 and were signed on its behalf by:

G Millar - Director

1.	STATUTORY INFORMATION

Security and Fire Equipment Services Ltd 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

Revenue 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 2010, is being amortised evenly over its estimated useful life of twenty 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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Inventories 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 inventories to their present location and condition.

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 14 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

20,200

AMORTISATION

At 1 November 2024

14,140

Amortisation for year

1,010

At 31 October 2025

15,150

NET BOOK VALUE

At 31 October 2025

5,050

At 31 October 2024

6,060

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 November 2024

9,948

3,529

9,198

Additions

-

-

-

Disposals

-

-

-

At 31 October 2025

9,948

3,529

9,198

DEPRECIATION

At 1 November 2024

-

3,156

7,908

Charge for year

-

54

200

Eliminated on disposal

-

-

-

At 31 October 2025

-

3,210

8,108

NET BOOK VALUE

At 31 October 2025

9,948

319

1,090

At 31 October 2024

9,948

373

1,290

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

190,887

17,198

230,760

Additions

26,673

-

26,673

Disposals

(45,502

)

-

(45,502

)

At 31 October 2025

172,058

17,198

211,931

DEPRECIATION

At 1 November 2024

35,524

14,528

61,116

Charge for year

43,209

1,480

44,943

Eliminated on disposal

(16,125

)

-

(16,125

)

At 31 October 2025

62,608

16,008

89,934

NET BOOK VALUE

At 31 October 2025

109,450

1,190

121,997

At 31 October 2024

155,363

2,670

169,644

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

199,620

142,325

Other debtors

204,794

-

404,414

142,325

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

13,084

24,317

Trade creditors

64,298

52,357

Tax

57,962

34,852

Social security and other taxes

6,530

6,158

VAT

69,698

39,202

Other creditors

4,543

4,248

Directors' current accounts

50,891

29,781

Accrued expenses

23,928

1,383

290,934

192,298

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

32,521

49,451