Company No: SC690859 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	44,032		58,447
		44,032		58,447
Current assets
Debtors	5	52,759		23,567
Cash at bank and in hand		23,713		20,837
		76,472		44,404
Creditors: amounts falling due within one year	6	( 138,027)		( 172,136)
Net current liabilities		(61,555)		(127,732)
Total assets less current liabilities		(17,523)		(69,285)
Net liabilities		( 17,523)		( 69,285)
Capital and reserves
Called-up share capital	7	10,200		10,200
Profit and loss account		( 27,723 )		( 79,485 )
Total shareholders' deficit		( 17,523)		( 69,285)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Closed Door Security Ltd (registered number: SC690859) were approved and authorised for issue by the Board of Directors on 22 May 2026. They were signed on its behalf by:

William Wright Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Closed Door Security Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the company's registered office is Unit 4 Habost Workshops, Habost, HS2 9QB, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for at least twelve months from the date of signing the financial statements. This assumption is based upon assurances received from the directors that it is their intention to provide such assistance as is required to enable the Company to meet its financial commitments. If the Company were unable to continue to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.

Prior year adjustment

During the year the company identified errors in the previously issued financial statements following their issue, for the year ended 31 March 2024. These errors have been corrected for by way of prior year adjustments in accordance with FRS 102.

The adjustments arise from the following:

• Recognition of share capital issued 2 March 2023;
• Correction to the accounting treatment of motor vehicles to recognise additions at net book value and adjust associated depreciation;
• Recognition of trade creditors omitted from the prior year financial statements;
• Correction to Hire Purchase (HP) liabilities and finance charges relating to motor vehicles held under HP; and
• Correction to social security and other taxes and other creditors to reflect the correct liability position as at 31 March 2024.

The impact of the prior year adjustments are disclosed in note 2 to the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.	2 - 3 years straight line
	15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Prior year adjustment

Following the submission of the prior year financial statements, the called-up share capital of £100 of B class Ordinary shares and £100 of C class Ordinary shares issued on 2 March 2023 were excluded.
This has been corrected by way of restatement of the prior year results where Called-up share capital and Other debtors have increased by £200.
As a result of the restatement, there was no effect on the Company's Profit for the financial year ended 31 March 2024 with Net assets increased by £200 as at 31 March 2024.

Following the submission of the prior year financial statements, Tangible fixed assets, Debtors and Creditors: amounts falling due within one year were incorrectly disclosed. These have been corrected by way of restatement of the prior year results as follows:

		As previously reported		Adjustment		As restated
Year ended 31 March 2024		£		£		£
Called-up share capital		(10,000)		(200)		(10,200)
Trade creditors		0		(33,113)		(33,113)
Taxation and social security		(65,679)		3,957		(61,722)
Obligations under finance leases and hire purchase contracts		(47,508)		4,518		(42,990)
Other creditors		(13,880)		(20,431)		(34,311)
Other debtors		9,513		473		9,986
Plant and machinery etc - Cost		87,156		(1,986)		85,170
Plant and machinery etc - Depreciation		(33,693)		6,970		(26,723)

The cumulative effect of the adjustments are recognised as a reduction in the Profit and loss account of £39,813.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	7		14

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	85,170		85,170
Additions	2,348		2,348
At 31 March 2025	87,518		87,518
Accumulated depreciation
At 01 April 2024	26,723		26,723
Charge for the financial year	16,763		16,763
At 31 March 2025	43,486		43,486
Net book value
At 31 March 2025	44,032		44,032
At 31 March 2024	58,447		58,447

The year to 31 March 2024 is restated from the previously reported results. The monetary effect of the prior year restatement is disclosed in note 2 of the financial statements.

5. Debtors

	2025		2024
	£		£
Trade debtors	33,217		13,581
Corporation tax	2,138		0
Other debtors	17,404		9,986
	52,759		23,567

The year to 31 March 2024 is restated from the previously reported results. The monetary effect of the prior year restatement is disclosed in note 2 of the financial statements.

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	11,826		33,113
Corporation tax	13,485		11,523
Other taxation and social security	20,633		50,199
Obligations under finance leases and hire purchase contracts	37,449		42,990
Other creditors	54,634		34,311
	138,027		172,136

The year to 31 March 2024 is restated from the previously reported results. The monetary effect of the prior year restatement is disclosed in note 2 of the financial statements.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10,000 A Ordinary shares of £ 1.00 each	10,000		10,000
100 B Ordinary shares of £ 1.00 each	100		100
100 C Ordinary shares of £ 1.00 each	100		100
	10,200		10,200

All shares rank pari passu.

The year to 31 March 2024 is restated from the previously reported results. The monetary effect of the prior year restatement is disclosed in note 2 of the financial statements.

8. Related party transactions

Other related party transactions

	2025		2024
	£		£
Sales	109,767		59,019
Purchases	77,917		15,727
Amounts due from other related parties	384		0
Amounts due to other related parties	5,138		0

The year to 31 March 2024 is restated from the previously reported results. The monetary effect of the prior year restatement is disclosed in note 2 of the financial statements.