Silverfin false 31/03/2023 01/04/2022 31/03/2023 Gladys Law 23/01/2007 Hugh Law 23/01/2007 28 November 2023 The principal activity of the Company during the financial year was that of quantity surveying consultancy.

The company ceased trading on 31 March 2023 and it is the intention of the directors to wind up the company.
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Company No: SC315198 (Scotland)

TAYSIDE CONSULTANCY SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

TAYSIDE CONSULTANCY SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

TAYSIDE CONSULTANCY SERVICES LTD

BALANCE SHEET

AS AT 31 MARCH 2023
TAYSIDE CONSULTANCY SERVICES LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 0 830
0 830
Current assets
Debtors 4 11,682 17,962
Cash at bank and in hand 5 13 178,318
11,695 196,280
Creditors: amounts falling due within one year 6 ( 1,739) ( 1,619)
Net current assets 9,956 194,661
Total assets less current liabilities 9,956 195,491
Net assets 9,956 195,491
Capital and reserves
Called-up share capital 7 110 110
Capital redemption reserve 110 110
Profit and loss account 9,736 195,271
Total shareholders' funds 9,956 195,491

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Tayside Consultancy Services Ltd (registered number: SC315198) were approved and authorised for issue by the Director on 28 November 2023. They were signed on its behalf by:

Hugh Law
Director
TAYSIDE CONSULTANCY SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
TAYSIDE CONSULTANCY SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tayside Consultancy Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 66 Tay Street, Perth, PH2 8RA, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

As required by FRS102, the directors have prepared the financial statements on the basis that the company is no longer a going concern. No adjustments arose as a result of ceasing to apply the going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business until the 31 March 2023 when the company ceased trading.

Turnover is recognised when the company has the entitlement to the income in exchange for the provision of services.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 5,397 5,397
Disposals ( 5,397) ( 5,397)
At 31 March 2023 0 0
Accumulated depreciation
At 01 April 2022 4,567 4,567
Charge for the financial year 421 421
Disposals ( 4,988) ( 4,988)
At 31 March 2023 0 0
Net book value
At 31 March 2023 0 0
At 31 March 2022 830 830

4. Debtors

2023 2022
£ £
Corporation tax 447 0
Other debtors 11,235 17,962
11,682 17,962

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 13 178,318

6. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 1,739 1,619

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 A Ordinary shares of £ 1.00 each 100 100
10 C Ordinary shares of £ 1.00 each 10 10
110 110

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed by directors 11,235 16,798

Advances

Advances have been made in the year to the Directors totalling £19,282 (which includes interest of £420 at a rate of 2%). Repayments of £24,845 have been made. Directors loans are unsecured and have been repaid within 9 months of the balance sheet date.