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REGISTERED NUMBER: SC463928 (Scotland)















Abridged Unaudited Financial Statements for the Year Ended 30 November 2021

for

Argee Building Services Limited

Argee Building Services Limited (Registered number: SC463928)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Argee Building Services Limited

Company Information
for the Year Ended 30 November 2021







DIRECTOR: R Gallagher





SECRETARY: M F Gallagher





REGISTERED OFFICE: 2 Croftbank Gate
Bothwell
G71 8AN





REGISTERED NUMBER: SC463928 (Scotland)





ACCOUNTANTS: RAEBURN ALLISON & CO
CHARTERED ACCOUNTANTS
13/15 STRATHMORE HOUSE
TOWN CENTRE
EAST KILBRIDE
GLASGOW
G74 1LF

Argee Building Services Limited (Registered number: SC463928)

Abridged Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,385 57,662

CURRENT ASSETS
Stocks 42,512 36,483
Debtors 3,702 65,353
Cash at bank 382,147 192,522
428,361 294,358
CREDITORS
Amounts falling due within one year 229,462 118,160
NET CURRENT ASSETS 198,899 176,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,284

233,860

CREDITORS
Amounts falling due after more than one
year

(7,884

)

(13,884

)

PROVISIONS FOR LIABILITIES 6 (2,837 ) (1,566 )
NET ASSETS 249,563 218,410

CAPITAL AND RESERVES
Called up share capital 7 5 5
Retained earnings 249,558 218,405
SHAREHOLDERS' FUNDS 249,563 218,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Argee Building Services Limited (Registered number: SC463928)

Abridged Balance Sheet - continued
30 November 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 August 2022 and were signed by:





R Gallagher - Director


Argee Building Services Limited (Registered number: SC463928)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Argee Building Services 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 represents revenue recognised in the accounts, excludes value added tax and is adjusted for work-in-progress movement.
Revenue is recognised when the company fulfils its obligations to customers by supplying goods and services.
Customer retentions are accounted for when received.

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 - 15% 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 allowance for obsolete and slow moving items.

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.

Argee Building Services Limited (Registered number: SC463928)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

2. ACCOUNTING POLICIES - continued

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.

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

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 6 (2020 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2020 116,361
Additions 23,857
At 30 November 2021 140,218
DEPRECIATION
At 1 December 2020 58,699
Charge for year 20,134
At 30 November 2021 78,833
NET BOOK VALUE
At 30 November 2021 61,385
At 30 November 2020 57,662

Argee Building Services Limited (Registered number: SC463928)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 December 2020
and 30 November 2021 60,310
DEPRECIATION
At 1 December 2020 23,346
Charge for year 9,241
At 30 November 2021 32,587
NET BOOK VALUE
At 30 November 2021 27,723
At 30 November 2020 36,964

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.11.21 30.11.20
£    £   
Net obligations repayable:
Within one year 6,000 6,000
Between one and five years 7,884 13,884
13,884 19,884

Non-cancellable operating leases
30.11.21 30.11.20
£    £   
Within one year 6,000 6,000

6. PROVISIONS FOR LIABILITIES
30.11.21 30.11.20
£    £   
Deferred tax 2,837 1,566

Deferred
tax
£   
Balance at 1 December 2020 1,566
Provided during year 1,271
Balance at 30 November 2021 2,837

Argee Building Services Limited (Registered number: SC463928)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.11.21 30.11.20
value: £    £   
5 Ordinary 1 5 5

8. ULTIMATE CONTROLLING PARTY

The controlling party is R Gallagher.

The ultimate controlling party is R Gallagher.