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REGISTERED NUMBER: SC202376 (Scotland)















Financial Statements for the Year Ended 31 January 2023

for

AEGIS PROPERTY CARE LIMITED

AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 73,732 97,864

Current assets
Work in progress 59,403 33,703
Debtors 5 121,601 75,754
Cash at bank and in hand 178,768 228,144
359,772 337,601
Creditors
Amounts falling due within one year 6 (195,455 ) (210,681 )
Net current assets 164,317 126,920
Total assets less current liabilities 238,049 224,784

Creditors
Amounts falling due after more than one
year

7

(6,667

)

(18,149

)

Provisions for liabilities (3,827 ) (7,641 )
Net assets 227,555 198,994

Capital and reserves
Called up share capital 8 100 100
Retained earnings 227,455 198,894
Shareholders' funds 227,555 198,994

AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

Balance Sheet - continued
31 January 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





D Ward - Director


AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. Statutory information

Aegis Property Care Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC202376

Registered office: 115 Liberton Brae
Edinburgh
EH16 6LE

The presentation currency of the financial statements is the Pound Sterling (£).


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, net of discounts and value added taxes.

Turnover is revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the assets capable of operating as intended.

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

Plant & machinery - 15% reducing balance
Motor vehicles - 25% reducing balance
Fittings & equipment - 15% reducing balance
Computer equipment - 3 years straight line
Leasehold improvements - 5 years straight line

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stock and work in progress
Stocks have been valued at the lower of cost or net realisable value. Work in progress has been valued at the cost price of materials and direct labour.


AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


2. Accounting policies - continued
Taxation
Current taxation represents the amount of taxation payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation represents the future taxation consequences of transactions and events recognised in the
financial statements of current and previous periods. It is recognised in respect of all timing differences, with
certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved taxation losses and other deferred taxation assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred taxation liabilities or other future taxable profits.

Deferred taxation is measured using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits
The company operates money purchase (defined contribution) pension scheme. Contributions are charged against profits on the amounts payable for the year.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Bank and cash
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Hire purchase and leases
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 payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 13 (2022 - 14 ) .

AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. Tangible fixed assets
Leasehold Plant & Motor Fittings
improvements machinery vehicles & equipment Totals
£    £    £    £    £   
Cost
At 1 February 2022 49,625 15,207 164,732 9,096 238,660
Additions - 755 - - 755
Disposals - - (10,650 ) - (10,650 )
At 31 January 2023 49,625 15,962 154,082 9,096 228,765
Depreciation
At 1 February 2022 49,625 6,678 79,069 5,424 140,796
Charge for year - 1,307 22,395 1,185 24,887
Written back on disposals - - (10,650 ) - (10,650 )
At 31 January 2023 49,625 7,985 90,814 6,609 155,033
Net book value
At 31 January 2023 - 7,977 63,268 2,487 73,732
At 31 January 2022 - 8,529 85,663 3,672 97,864

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 114,431 75,686
Other debtors and prepayments 7,170 68
121,601 75,754

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 11,481 14,919
Trade creditors 44,855 33,303
Other creditors & accruals 63,825 90,419
Corporation tax 15,901 19,012
Other taxation & social security 54,393 53,028
Director's loan account 5,000 -
195,455 210,681

The director's loan is unsecured, interest free and carries no schedule of repayment.

The hire purchase contracts are secured over the assets concerned.

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 6,667 18,149

The hire purchase contracts are secured over the assets concerned.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100