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REGISTERED NUMBER: SC594274 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2021

for

AD Construction Service Ltd

AD Construction Service Ltd (Registered number: SC594274)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AD Construction Service Ltd

Company Information
for the Year Ended 31 March 2021







DIRECTOR: Andrew R Howat





REGISTERED OFFICE: Office 375
98 Woodlands Road
Glasgow
G3 6HB





REGISTERED NUMBER: SC594274 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

AD Construction Service Ltd (Registered number: SC594274)

Balance Sheet
31 March 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,400 -

CURRENT ASSETS
Debtors 5 8,574 -
Cash at bank and in hand 719 27,739
9,293 27,739
CREDITORS
Amounts falling due within one year 6 - 10,111
NET CURRENT ASSETS 9,293 17,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,693

17,628

CREDITORS
Amounts falling due after more than one
year

7

37,061

-
NET (LIABILITIES)/ASSETS (7,368 ) 17,628

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (7,468 ) 17,528
SHAREHOLDERS' FUNDS (7,368 ) 17,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

AD Construction Service Ltd (Registered number: SC594274)

Balance Sheet - continued
31 March 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 February 2024 and were signed by:





Andrew R Howat - Director


AD Construction Service Ltd (Registered number: SC594274)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

AD Construction Service Ltd 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.

Financial instruments
Basic financial instruments, including 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 administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

AD Construction Service Ltd (Registered number: SC594274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 24,000
At 31 March 2021 24,000
DEPRECIATION
Charge for year 3,600
At 31 March 2021 3,600
NET BOOK VALUE
At 31 March 2021 20,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 8,574 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security - 4,111
Other creditors - 6,000
- 10,111

AD Construction Service Ltd (Registered number: SC594274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2021 2020
£    £   
Hire purchase contracts 15,811 -
Other creditors 21,250 -
37,061 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

A. Howat's loan account was overdrawn by £8,574 at 31/03/2021.