Racam Security & Communications Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC244093 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Racam Security & Communications Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Brian Maguire

Calum Maguire

REGISTERED OFFICE:

15 Edison Street

Hillington Park

Glasgow

G52 4JW

REGISTERED NUMBER:

SC244093 (Scotland)

ACCOUNTANTS:

WALLACE BARRON

CHARTERED ACCOUNTANTS

15 Sandpiper Road

Lochwinnoch

PA12 4NB

FIXED ASSETS

Tangible assets

4

60,314

48,510

CURRENT ASSETS

Stocks

5

18,350

17,210

Debtors

6

247,984

224,342

Cash at bank and in hand

142,457

158,882

408,791

400,434

CREDITORS

Amounts falling due within one year

7

256,929

255,956

NET CURRENT ASSETS

151,862

144,478

TOTAL ASSETS LESS CURRENT
LIABILITIES

212,176

192,988

CREDITORS

Amounts falling due after more than one
year

8

31,548

31,720

NET ASSETS

180,628

161,268

CAPITAL AND RESERVES

Called up share capital

10

40,000

Retained earnings

140,628

121,268

SHAREHOLDERS' FUNDS

180,628

161,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2026 and were signed on its behalf by:

Brian Maguire - Director

Calum Maguire - Director

1.	STATUTORY INFORMATION

Racam Security & Communications 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks 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 stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2025

18,021

17,832

86,352

122,205

Additions

-

31,600

At 31 March 2026

18,021

17,832

117,952

153,805

DEPRECIATION

At 1 April 2025

17,586

13,195

42,914

73,695

Charge for year

110

927

18,759

19,796

At 31 March 2026

17,696

14,122

61,673

93,491

NET BOOK VALUE

At 31 March 2026

325

3,710

56,279

60,314

At 31 March 2025

435

4,637

43,438

48,510

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

51,558

Additions

31,600

At 31 March 2026

83,158

DEPRECIATION

At 1 April 2025

12,889

Charge for year

17,567

At 31 March 2026

30,456

NET BOOK VALUE

At 31 March 2026

52,702

At 31 March 2025

38,669

5.

STOCKS

2026

2025

£

Stocks

6,200

5,810

Work-in-progress

12,150

11,400

18,350

17,210

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

247,224

224,342

Other debtors

760

-

247,984

224,342

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other loans

1,769

10,468

Hire purchase contracts

24,049

15,743

Trade creditors

140,666

111,370

Corporation tax

9,444

12,468

Social security and other taxes

10,045

7,886

VAT

33,312

38,795

Pension contributions

1,960

1,617

Directors' current accounts

-

19,240

Deferred income

27,829

33,041

Accrued expenses

7,855

5,328

256,929

255,956

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Other loans - 2-5 years

-

1,769

Hire purchase contracts

31,548

29,951

31,548

31,720

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Hire purchase contracts

55,597

45,694

Hire purchase contracts are secured by the assets concerned

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

40,000

Ordinary

£1

40,000

11.	RELATED PARTY DISCLOSURES

The company is under the control of the directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Racam Security & Communications Ltd for the year ended 31 March 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Racam Security & Communications Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Racam Security & Communications Ltd and state those matters that we have agreed to state to the Board of Directors of Racam Security & Communications Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Racam Security & Communications Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Racam Security & Communications Ltd. You consider that Racam Security & Communications Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Racam Security & Communications Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WALLACE BARRON

CHARTERED ACCOUNTANTS

15 Sandpiper Road

Lochwinnoch

PA12 4NB

Date: ................ October 2026