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REGISTERED NUMBER: SC326224 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 30 June 2023

for

Servtechs Limited

Servtechs Limited (Registered number: SC326224)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Servtechs Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: G Hutcheon





REGISTERED OFFICE: 14 St Michaels Crescent
Newtonhill
Aberdeenshire
AB39 3TW





REGISTERED NUMBER: SC326224 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
11 Margaret Street
Stonehaven
Aberdeenshire
AB39 2AY

Servtechs Limited (Registered number: SC326224)

Report of the Director
for the Year Ended 30 June 2023

The director presents his report with the financial statements of the company for the year ended 30 June 2023.

DIRECTOR
G Hutcheon held office during the whole of the period from 1 July 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G Hutcheon - Director


31 October 2023

Servtechs Limited (Registered number: SC326224)

Income Statement
for the Year Ended 30 June 2023

30.6.23 30.6.22
Notes £    £   

TURNOVER 83,984 90,225

Cost of sales 8,783 8,381
GROSS PROFIT 75,201 81,844

Administrative expenses 42,024 39,483
33,177 42,361

Other operating income - 2,362
OPERATING PROFIT 4 33,177 44,723

Interest receivable and similar income 27 2
33,204 44,725

Interest payable and similar expenses 248 302
PROFIT BEFORE TAXATION 32,956 44,423

Tax on profit 8,072 6,463
PROFIT FOR THE FINANCIAL YEAR 24,884 37,960

Servtechs Limited (Registered number: SC326224)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 69,281 62,171

CURRENT ASSETS
Debtors 6 385 2,398
Cash at bank 2,512 2,022
2,897 4,420
CREDITORS
Amounts falling due within one year 7 32,008 32,305
NET CURRENT LIABILITIES (29,111 ) (27,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,170

34,286

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 40,168 34,284
SHAREHOLDERS' FUNDS 40,170 34,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





G Hutcheon - Director


Servtechs Limited (Registered number: SC326224)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Servtechs 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 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 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30.6.23 30.6.22
£    £   
Depreciation - owned assets 9,305 8,142

Servtechs Limited (Registered number: SC326224)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 37,146 87,951 125,097
Additions - 16,415 16,415
At 30 June 2023 37,146 104,366 141,512
DEPRECIATION
At 1 July 2022 - 62,926 62,926
Charge for year - 9,305 9,305
At 30 June 2023 - 72,231 72,231
NET BOOK VALUE
At 30 June 2023 37,146 32,135 69,281
At 30 June 2022 37,146 25,025 62,171

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 385 2,398

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 4,421 5,259
Taxation and social security 11,089 8,633
Other creditors 16,498 18,413
32,008 32,305