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Registered number: SC383349
Code Red Safety Solutions Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/07/2026
Code Red Safety Solutions Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/07/2026
DIRECTORS
James McMahon
REGISTERED OFFICE
102 Neilston Road
Paisley
Renfrewshire
PA2 6EN
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC383349
Code Red Safety Solutions Ltd
ACCOUNTS
FOR THEYEARENDED31/07/2026
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Code Red Safety Solutions Ltd
BALANCE SHEET AT 31/07/2026
20262025
Notes££
FIXED ASSETS
Intangible assets312,50012,500
Tangible assets480,93880,854
Investment Assets5124,759119,759
218,197213,113
CURRENT ASSETS
Stock9,4225,960
Debtors79,28727,480
Cash at bank and in hand124,34217,144
143,05150,584
CREDITORS: Amounts falling due within one year853,16226,525
NET CURRENT ASSETS89,88924,059
TOTAL ASSETS LESS CURRENT LIABILITIES308,086237,172
CAPITAL AND RESERVES
Called up share capital922
Profit and loss account308,084237,170
SHAREHOLDERS' FUNDS308,086237,172
For the year ending 31/07/2026 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/09/2026 and signed on their behalf by
.............................
James McMahon
Director
Code Red Safety Solutions Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2026
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
Code Red Safety Solutions Ltd
2. EMPLOYEES
20262025
No.No.
Average number of employees55
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/08/202512,50012,500
At 31/07/202612,50012,500
Depreciation
At 31/07/2026--
Net Book Amounts
At 31/07/202612,50012,500
At 31/07/202512,50012,500
4. TANGIBLE FIXED ASSETS
Land AndLong LeaseholdCommercialFixtures
BuildingsPropertiesVehiclesand FittingsTotal
£££££
Cost
At 01/08/202540,35815,99353,6859,409119,445
Additions4,495---4,495
At 31/07/202644,85315,99353,6859,409123,940
Depreciation
At 01/08/2025--36,2042,38738,591
For the year--3,1471,2644,411
At 31/07/2026--39,3513,65143,002
Net Book Amounts
At 31/07/202644,85315,99314,3345,75880,938
At 31/07/202540,35815,99317,4817,02280,854
Code Red Safety Solutions Ltd
5. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/08/2025119,759119,759
Additions5,0005,000
At 31/07/2026124,759124,759
Amortisation
Net Book Amounts
At 31/07/2026124,759124,759
At 31/07/2025119,759119,759
6. STOCK 20262025
££
Stock comprises:
Stock9,4225,960
9,4225,960
7. DEBTORS 20262025
££
Amounts falling due within one year
Trade debtors9,28716,480
Loan M Wilson-11,000
9,28727,480
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20262025
££
UK corporation tax29,9916,695
VAT17,0887,109
CBIL Bank Loan < 1 year357,048
Directors Loans3,5503,550
Trade creditors2,4982,123
53,16226,525
Code Red Safety Solutions Ltd
9. SHARE CAPITAL 20262025
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22