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Company Registration No. SC581037 (Scotland)
Red Circle Locksmiths Ltd Unaudited accounts for the year ended 30 November 2025
Red Circle Locksmiths Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Red Circle Locksmiths Ltd Company Information for the year ended 30 November 2025
Directors
Douglas Lark Mrs Emma Lark
Company Number
SC581037 (Scotland)
Registered Office
17 The Meadows Peebles EH45 9HZ Scotland
Accountants
Rosebery Accountants & Business Advisors 23 Melville Street Edinburgh EH3 7PE
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Red Circle Locksmiths Ltd Statement of financial position as at 30 November 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
15,000 
20,000 
Tangible assets
5
996 
1,328 
15,996 
21,328 
Current assets
Debtors
6
26,347 
45,169 
Cash at bank and in hand
69,754 
74,106 
96,101 
119,275 
Creditors: amounts falling due within one year
7
(44,414)
(65,254)
Net current assets
51,687 
54,021 
Net assets
67,683 
75,349 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
67,681 
75,347 
Shareholders' funds
67,683 
75,349 
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by
Douglas Lark Director Company Registration No. SC581037
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Red Circle Locksmiths Ltd Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Red Circle Locksmiths Ltd is a private company, limited by shares, registered in Scotland, registration number SC581037. The registered office is 17 The Meadows, Peebles, EH45 9HZ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2024
50,000 
At 30 November 2025
50,000 
Amortisation
At 1 December 2024
30,000 
Charge for the year
5,000 
At 30 November 2025
35,000 
Net book value
At 30 November 2025
15,000 
At 30 November 2024
20,000 
Intangible assets are measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
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Red Circle Locksmiths Ltd Notes to the Accounts for the year ended 30 November 2025
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2024
200 
620 
2,578 
3,398 
At 30 November 2025
200 
620 
2,578 
3,398 
Depreciation
At 1 December 2024
200 
620 
1,250 
2,070 
Charge for the year
- 
- 
332 
332 
At 30 November 2025
200 
620 
1,582 
2,402 
Net book value
At 30 November 2025
- 
- 
996 
996 
At 30 November 2024
- 
- 
1,328 
1,328 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,602 
44,708 
Accrued income and prepayments
746 
746 
Other debtors
(1)
(285)
26,347 
45,169 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
8,496 
13,433 
Trade creditors
10,929 
- 
Taxes and social security
21,647 
35,974 
Other creditors
1,672 
2,100 
Accruals
1,670 
13,747 
44,414 
65,254 
8
Average number of employees
During the year the average number of employees was 4 (2024: 5).
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