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REGISTERED NUMBER: SC134227 (Scotland)















Abridged Unaudited Financial Statements for the Year Ended 31 December 2023

for

QUEENSPARK BUILDING SERVICES LIMITED

QUEENSPARK BUILDING SERVICES LIMITED (Registered number: SC134227)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


QUEENSPARK BUILDING SERVICES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Russell
C L Farleigh





SECRETARY: Mrs J Russell





REGISTERED OFFICE: 13/15 Strathmore House
Town Centre
East Kilbride
GLASGOW
G74 1LF





REGISTERED NUMBER: SC134227 (Scotland)





ACCOUNTANTS: RAEBURN ALLISON & CO
CHARTERED ACCOUNTANTS
13/15 STRATHMORE HOUSE
TOWN CENTRE
EAST KILBRIDE
GLASGOW
G74 1LF

QUEENSPARK BUILDING SERVICES LIMITED (Registered number: SC134227)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 61,660 59,166
Investments 5 270,000 200,000
331,660 259,166

CURRENT ASSETS
Debtors 302,882 111,415
Cash at bank and in hand 267,288 585,401
570,170 696,816
CREDITORS
Amounts falling due within one year (128,907 ) (143,526 )
NET CURRENT ASSETS 441,263 553,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

772,923

812,456

CREDITORS
Amounts falling due after more than one
year

-

(120,833

)

PROVISIONS FOR LIABILITIES 6 (9,287 ) (11,242 )
NET ASSETS 763,636 680,381

CAPITAL AND RESERVES
Called up share capital 7 5,100 5,100
Retained earnings 8 758,536 675,281
SHAREHOLDERS' FUNDS 763,636 680,381

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

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

QUEENSPARK BUILDING SERVICES LIMITED (Registered number: SC134227)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 August 2024 and were signed on its behalf by:





J Russell - Director


QUEENSPARK BUILDING SERVICES LIMITED (Registered number: SC134227)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

QUEENSPARK BUILDING 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 revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services and excludes value added tax. Where services are performed gradually over time, revenue is recognised as activity progresses by reference to the value of work performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 20 ) .

QUEENSPARK BUILDING SERVICES LIMITED (Registered number: SC134227)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 217,065
Additions 27,315
At 31 December 2023 244,380
DEPRECIATION
At 1 January 2023 157,899
Charge for year 24,821
At 31 December 2023 182,720
NET BOOK VALUE
At 31 December 2023 61,660
At 31 December 2022 59,166

5. FIXED ASSET INVESTMENTS
Information on loans is as follows:
Totals
£   
At 1 January 2023 200,000
Additions 70,000
At 31 December 2023 270,000

6. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 9,287 11,242

Deferred
tax
£   
Balance at 1 January 2023 11,242
Provided during year (1,955 )
Movement in year
Balance at 31 December 2023 9,287

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
5,100 Ordinary £1 5,100 5,100

QUEENSPARK BUILDING SERVICES LIMITED (Registered number: SC134227)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RESERVES
Retained
earnings
£   

At 1 January 2023 675,281
Profit for the year 83,255
At 31 December 2023 758,536

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
J Russell
Balance outstanding at start of year 1,654 1,654
Amounts repaid (1,823 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (169 ) 1,654

The company paid rent to Mr & Mrs J Russell, totalling £22000 (2022- £24000), in respect of commercial premises owned by them, and utilised by the company.

The company sold goods and services during the year to Mr & Mrs Russell, on commercial terms, to the value of £nil (2022 - £nil)

Included in Other Creditors is an amount due to Mr J Russell of £169 (2022 - £-1654)

Mr. C L Farleigh is also the proprietor of Farleigh Associates, Chartered Surveyors. During the financial year, that firm provided professional services to the company to the value of £38036 (2022 - £28800).

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the director, Mr J Russell.