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REGISTERED NUMBER: SC724069 (Scotland)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Paratus Commercial Services Ltd

Paratus Commercial Services Ltd (Registered number: SC724069)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paratus Commercial Services Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr S J Johnson





REGISTERED OFFICE: 14 Seaview Close
Bridge Of Don
Aberdeen
AB23 8RP





REGISTERED NUMBER: SC724069 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Paratus Commercial Services Ltd (Registered number: SC724069)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,125 -
Tangible assets 5 451 -
1,576 -

CURRENT ASSETS
Debtors 6 18,048 20,292
Cash at bank 56,310 28,278
74,358 48,570
CREDITORS
Amounts falling due within one year 7 28,459 19,085
NET CURRENT ASSETS 45,899 29,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,475

29,485

PROVISIONS FOR LIABILITIES 100 -
NET ASSETS 47,375 29,485

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,275 29,385
47,375 29,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Paratus Commercial Services Ltd (Registered number: SC724069)

Balance Sheet - continued
29 February 2024


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 April 2024 and were signed by:





Mr S J Johnson - Director


Paratus Commercial Services Ltd (Registered number: SC724069)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Paratus Commercial Services 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Paratus Commercial Services Ltd (Registered number: SC724069)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
COST
Additions 1,250
At 29 February 2024 1,250
AMORTISATION
Amortisation for year 125
At 29 February 2024 125
NET BOOK VALUE
At 29 February 2024 1,125

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 673
At 29 February 2024 673
DEPRECIATION
Charge for year 222
At 29 February 2024 222
NET BOOK VALUE
At 29 February 2024 451

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 8,520 9,360
Other debtors 9,528 10,932
18,048 20,292

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 1,952 -
Taxation and social security 24,911 18,267
Other creditors 1,596 818
28,459 19,085

Paratus Commercial Services Ltd (Registered number: SC724069)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29 February 2024 and the period ended 28 February 2023:

29.2.24 28.2.23
£    £   
Mr S J Johnson
Balance outstanding at start of year (270 ) -
Amounts advanced 270 379
Amounts repaid (360 ) (649 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (360 ) (270 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S J Johnson.