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REGISTERED NUMBER: SC598146 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022

FOR

ASC ENGINEERING SERVICES LTD

ASC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC598146)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASC ENGINEERING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2022







DIRECTOR: G Louttit





REGISTERED OFFICE: 4 Loirston Manor
Cove Bay
Aberdeen
AB12 3HD





REGISTERED NUMBER: SC598146 (Scotland)





ACCOUNTANTS: GWAS Limited
Unit 4, Jardine House
1C Claremont Road
Teddington
Middlesex
TW11 8DH

ASC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC598146)

BALANCE SHEET
31 MAY 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 4,133

CURRENT ASSETS
Debtors 5 1,147 6,216
Cash at bank - 15,505
1,147 21,721
CREDITORS
Amounts falling due within one year 6 4 8,470
NET CURRENT ASSETS 1,143 13,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143

17,384

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 1,142 17,383
SHAREHOLDERS' FUNDS 1,143 17,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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.

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 29 July 2023 and were signed by:





G Louttit - Director


ASC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC598146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022


1. STATUTORY INFORMATION

ASC Engineering Services 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.
Plant and machinery etc - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

ASC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC598146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2021 6,200
Disposals (6,200 )
At 31 May 2022 -
DEPRECIATION
At 1 June 2021 2,067
Charge for year 1,033
Eliminated on disposal (3,100 )
At 31 May 2022 -
NET BOOK VALUE
At 31 May 2022 -
At 31 May 2021 4,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Trade debtors - 6,216
Other debtors 1,147 -
1,147 6,216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Taxation and social security - 7,161
Other creditors 4 1,309
4 8,470

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.5.22 31.5.21
value: £    £   
100 Ordinary £0.01 1 1

ASC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC598146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2022 and 31 May 2021:

31.5.22 31.5.21
£    £   
G Louttit
Balance outstanding at start of year (49 ) (825 )
Amounts advanced 46 33,963
Amounts repaid - (33,187 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3 ) (49 )