IRIS Accounts Production v23.3.0.418 SC372727 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3727272022-02-28SC3727272023-02-28SC3727272022-03-012023-02-28SC3727272021-02-28SC3727272021-03-012022-02-28SC3727272022-02-28SC372727ns16:Scotland2022-03-012023-02-28SC372727ns15:PoundSterling2022-03-012023-02-28SC372727ns11:Director12022-03-012023-02-28SC372727ns11:PrivateLimitedCompanyLtd2022-03-012023-02-28SC372727ns11:SmallEntities2022-03-012023-02-28SC372727ns11:AuditExemptWithAccountantsReport2022-03-012023-02-28SC372727ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC372727ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-28SC372727ns11:FullAccounts2022-03-012023-02-28SC372727ns11:OrdinaryShareClass12022-03-012023-02-28SC372727ns11:CompanySecretary12022-03-012023-02-28SC372727ns11:RegisteredOffice2022-03-012023-02-28SC372727ns6:CurrentFinancialInstruments2023-02-28SC372727ns6:CurrentFinancialInstruments2022-02-28SC372727ns6:ShareCapital2023-02-28SC372727ns6:ShareCapital2022-02-28SC372727ns6:FurtherSpecificReserve3ComponentTotalEquity2023-02-28SC372727ns6:FurtherSpecificReserve3ComponentTotalEquity2022-02-28SC372727ns6:RetainedEarningsAccumulatedLosses2023-02-28SC372727ns6:RetainedEarningsAccumulatedLosses2022-02-28SC372727ns6:CostValuation2022-02-28SC372727ns6:AdditionsToInvestments2023-02-28SC372727ns6:RevaluationsIncreaseDecreaseInInvestments2023-02-28SC372727ns6:CostValuation2023-02-28SC372727ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-28SC372727ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28SC372727ns6:DeferredTaxation2022-02-28SC372727ns6:DeferredTaxation2022-03-012023-02-28SC372727ns6:DeferredTaxation2023-02-28SC372727ns11:OrdinaryShareClass12023-02-28SC372727ns6:RetainedEarningsAccumulatedLosses2022-02-28SC372727ns6:FurtherSpecificReserve3ComponentTotalEquity2022-02-28SC372727ns6:RetainedEarningsAccumulatedLosses2022-03-012023-02-28SC372727ns11:Director112022-02-28SC372727ns11:Director112021-02-28SC372727ns11:Director112022-03-012023-02-28SC372727ns11:Director112021-03-012022-02-28SC372727ns11:Director112023-02-28SC372727ns11:Director112022-02-28
REGISTERED NUMBER: SC372727 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

PRO-SUB SERVICES LIMITED

PRO-SUB SERVICES LIMITED (REGISTERED NUMBER: SC372727)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

PRO-SUB SERVICES LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J A Nekrews





SECRETARY: Mrs C Nekrews





REGISTERED OFFICE: Tigh Mara Bruntland Road
Portlethen
Aberdeen
AB12 4QN





REGISTERED NUMBER: SC372727 (Scotland)





ACCOUNTANTS: Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL

PRO-SUB SERVICES LIMITED (REGISTERED NUMBER: SC372727)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 456,622 476,398

CURRENT ASSETS
Debtors 5 8,763 599,824
Cash at bank 19,313 26,121
28,076 625,945
CREDITORS
Amounts falling due within one year 6 2,289 12,364
NET CURRENT ASSETS 25,787 613,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,409

1,089,979

PROVISIONS FOR LIABILITIES 7 26,885 30,863
NET ASSETS 455,524 1,059,116

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 114,615 131,415
Retained earnings 9 340,907 927,699
SHAREHOLDERS' FUNDS 455,524 1,059,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





J A Nekrews - Director


PRO-SUB SERVICES LIMITED (REGISTERED NUMBER: SC372727)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Pro-Sub 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.

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 as modified by the revaluation of certain assets.

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.

Investments
Fixed asset investments are recorded in the balance sheet at the market value with any gain or loss on revaluation reported through the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2022 476,398
Additions 1,160
Revaluations (20,936 )
At 28 February 2023 456,622
NET BOOK VALUE
At 28 February 2023 456,622
At 28 February 2022 476,398

PRO-SUB SERVICES LIMITED (REGISTERED NUMBER: SC372727)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 28 February 2023 is represented by:

Other
investments
£   
Valuation in 2015 74,016
Valuation in 2016 (18,530 )
Valuation in 2017 82,500
Valuation in 2018 (13,363 )
Valuation in 2019 (27,550 )
Valuation in 2020 (17,809 )
Valuation in 2021 29,308
Valuation in 2022 29,588
Valuation in 2023 3,340
Cost 315,122
456,622

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tower Building Ltd - 551,776
Other debtors 8,763 23,504
Directors' current accounts - 24,544
8,763 599,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security - 8,764
Other creditors 2,289 3,600
2,289 12,364

7. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax
Other timing differences 26,885 30,863

Deferred
tax
£   
Balance at 1 March 2022 30,863
Provided during year (3,978 )
Balance at 28 February 2023 26,885

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

PRO-SUB SERVICES LIMITED (REGISTERED NUMBER: SC372727)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2022 927,699 131,415 1,059,114
Deficit for the year (575,048 ) (575,048 )
Dividends (28,544 ) (28,544 )
Fair value reserve 16,800 (16,800 ) -
At 28 February 2023 340,907 114,615 455,522

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
J A Nekrews
Balance outstanding at start of year 24,544 26,948
Amounts advanced - 10,000
Amounts repaid (24,544 ) (12,404 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,544

The loan was interest free with no fixed terms of repayment.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Pro-Sub Services Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Pro-Sub Services Limited for the year ended 28 February 2023 which comprise the Income Statement, 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Pro-Sub Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pro-Sub Services Limited and state those matters that we have agreed to state to the director of Pro-Sub Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Pro-Sub Services Limited 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 loss of Pro-Sub Services Limited. You consider that Pro-Sub Services Limited 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 Pro-Sub Services Limited. 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.






Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL


27 November 2023