COMPANY REGISTRATION NUMBER:
SC243854
|
Filleted Financial Statements |
|
Year ended 30 September 2025
|
Directors' responsibilities statement |
1 |
|
|
|
Statement of financial position |
2 |
|
|
|
Notes to the financial statements |
3 |
|
|
|
Directors' Responsibilities Statement |
|
Year ended 30 September 2025
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
|
Statement of Financial Position |
|
30 September 2025
Fixed assets
|
Tangible assets |
4 |
|
152,888 |
129,744 |
|
|
|
|
|
Current assets
|
Debtors |
5 |
700,449 |
|
977,049 |
|
Cash at bank and in hand |
37,370 |
|
52,395 |
|
--------- |
|
------------ |
|
737,819 |
|
1,029,444 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
320,358 |
|
484,855 |
|
--------- |
|
------------ |
|
Net current assets |
|
417,461 |
544,589 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
570,349 |
674,333 |
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
19,672 |
19,672 |
|
|
--------- |
--------- |
|
Net assets |
|
550,677 |
654,661 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
105 |
105 |
|
Profit and loss account |
|
550,572 |
654,556 |
|
|
--------- |
--------- |
|
Shareholders funds |
|
550,677 |
654,661 |
|
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 March 2026
, and are signed on behalf of the board by:
Company registration number:
SC243854
|
Notes to the Financial Statements |
|
Year ended 30 September 2025
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 300 Bath Street, Glasgow, G2 4JR.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Securigroup Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor vehicles |
- |
25% reducing balance |
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
|
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 October 2024 |
204,045 |
685 |
204,730 |
|
Additions |
70,448 |
1,748 |
72,196 |
|
Disposals |
(
29,580) |
– |
(
29,580) |
|
--------- |
------- |
--------- |
|
At 30 September 2025 |
244,913 |
2,433 |
247,346 |
|
--------- |
------- |
--------- |
|
Depreciation |
|
|
|
|
At 1 October 2024 |
74,416 |
570 |
74,986 |
|
Charge for the year |
37,976 |
297 |
38,273 |
|
Disposals |
(
18,801) |
– |
(
18,801) |
|
--------- |
------- |
--------- |
|
At 30 September 2025 |
93,591 |
867 |
94,458 |
|
--------- |
------- |
--------- |
|
Carrying amount |
|
|
|
|
At 30 September 2025 |
151,322 |
1,566 |
152,888 |
|
--------- |
------- |
--------- |
|
At 30 September 2024 |
129,629 |
115 |
129,744 |
|
--------- |
------- |
--------- |
|
|
|
|
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
422,593 |
264,758 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
246,431 |
534,125 |
|
Other debtors |
31,425 |
178,166 |
|
--------- |
--------- |
|
700,449 |
977,049 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
49,753 |
264,695 |
|
Other creditors |
270,605 |
220,160 |
|
--------- |
--------- |
|
320,358 |
484,855 |
|
--------- |
--------- |
|
|
|
7.
Summary audit opinion
The auditor's report dated
27 March 2026
was
unqualified
.
The senior statutory auditor was
Alan Woods
, for and on behalf of
Gilliland & Company
.
8.
Related party transactions
The balance due to the company from Securigroup Limited as at 30th September 2025 amounted to £246,431 (2024: £304,039). A balance of £nil was due from Group Employment Services Limited as at 30th September 2025 (2024: £230,086).
9.
Controlling party
The parent company of
Securigroup Systems Ltd
is Securigroup Limited, a company registered in Scotland. The company was under the control of the directors throughout the current period.