Allander Security Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC102943 (Scotland)

Financial Statements for the Year Ended 31 October 2020

for

ALLANDER SECURITY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J McMullan

SECRETARY:

S Russell

REGISTERED OFFICE:

136 Strathmore Road

Balmore Insudtrial Estate

Glasgow

G22 7DW

REGISTERED NUMBER:

SC102943 (Scotland)

AUDITORS:

Watson & Company

Oakfield House

378 Brandon Street

Motherwell

NORTH LANARKSHIRE

ML1 1XA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

13,366

10,527

13,366

10,527

CURRENT ASSETS

Debtors

6

1,715,238

1,674,350

Cash at bank

786,377

573,757

2,501,615

2,248,107

CREDITORS

Amounts falling due within one year

7

955,450

830,462

NET CURRENT ASSETS

1,546,165

1,417,645

TOTAL ASSETS LESS CURRENT LIABILITIES

1,559,531

1,428,172

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

1,459,531

1,328,172

1,559,531

1,428,172

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2021 and were signed by:

J McMullan - Director

1.	STATUTORY INFORMATION

Allander Security Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash at bank and in hand

Cash at bank and in hand 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 current liabilities.

Going concern

The company prepares its accounts on the basis that it remains a going concern; that is that there is the assumption that the functions of the company will continue in operational existence.

General provisions

The company accounts for income and expenditure in the period to which the service has taken place, rather than when cash payments are received or made. Where income and expenditure has been recognised but cash has not been received or paid, a debtor or creditor for the relevant amount is recorded in the Balance Sheet. Equally, where cash has been received or paid which is not yet recognised as income or expenditure, a creditor (income in advance) or debtor (payment in advance) is recorded in the Balance Sheet.

Impairment of assets

At each reporting date fixed and intangible assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 150 (2019 - 201 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2019

and 31 October 2020

20,000

AMORTISATION

At 1 November 2019

and 31 October 2020

20,000

NET BOOK VALUE

At 31 October 2020

-

At 31 October 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2019

127,390

Additions

14,089

Disposals

(6,584

)

At 31 October 2020

134,895

DEPRECIATION

At 1 November 2019

116,863

Charge for year

10,657

Eliminated on disposal

(5,991

)

At 31 October 2020

121,529

NET BOOK VALUE

At 31 October 2020

13,366

At 31 October 2019

10,527

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

680,142

758,201

Other debtors

1,035,096

916,149

1,715,238

1,674,350

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

61,355

28,635

Taxation and social security

335,657

354,121

Other creditors

558,438

447,706

955,450

830,462

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

A security by way of a bond and floating charge over the assets of the company is held by The Royal Bank of Scotland for all amounts due and becoming due.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Watson BA CA (Senior Statutory Auditor)

for and on behalf of Watson & Company

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY