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REGISTERED NUMBER: SC271147 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

PAISLEY JOINERY SERVICES LIMITED

PAISLEY JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC271147)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAISLEY JOINERY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: A W Brown
Mrs S Brown



SECRETARY: Mrs S Brown



REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC271147 (Scotland)



ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



BANKERS: Bank of Scotland
600 Gorgie Road
Edinburgh
EH11 3XP

PAISLEY JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC271147)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,933 51,045

CURRENT ASSETS
Debtors 5 373,761 258,831
Investments 6 40,130 -
Cash at bank 63,500 56,517
477,391 315,348
CREDITORS
Amounts falling due within one year 7 73,839 73,791
NET CURRENT ASSETS 403,552 241,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,485

292,602

PROVISIONS FOR LIABILITIES 2,315 3,055
NET ASSETS 444,170 289,547

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 444,167 289,544
SHAREHOLDERS' FUNDS 444,170 289,547

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PAISLEY JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC271147)

BALANCE SHEET - continued
31 MAY 2023


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 Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





Mrs S Brown - Director


PAISLEY JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC271147)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Paisley Joinery 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 the amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods.

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 - 25% on a reducing balance basis
Fixtures and fittings - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 33% on a straight line basis

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.

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.

Investments
Investments are stated at cost, together with subsequent capital contributions, less any provisions for impairment in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

PAISLEY JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC271147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 9,249 1,671 103,358 5,970 120,248
Additions 1,609 - 1,000 4,245 6,854
At 31 May 2023 10,858 1,671 104,358 10,215 127,102
DEPRECIATION
At 1 June 2022 6,964 1,268 55,365 5,606 69,203
Charge for year 974 101 12,248 1,643 14,966
At 31 May 2023 7,938 1,369 67,613 7,249 84,169
NET BOOK VALUE
At 31 May 2023 2,920 302 36,745 2,966 42,933
At 31 May 2022 2,285 403 47,993 364 51,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 113,038 96,772
Other debtors 260,723 162,059
373,761 258,831

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 40,130 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,001 8,541
Taxation and social security 57,838 61,465
Other creditors 5,000 3,785
73,839 73,791

8. RELATED PARTY DISCLOSURES

At 31 May 2023 the company was owed £245,470 (2022: £150,641) by Companies under common directorship.

It is the policy of the company to negotiate all related party transactions on an arm's length basis.