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REGISTERED NUMBER: SC241331 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

MARKETING SERVICES (SCOTLAND) LIMITED

MARKETING SERVICES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC241331)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MARKETING SERVICES (SCOTLAND) LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: L E Duncan





SECRETARY: L E Duncan





REGISTERED OFFICE: 13 Hope Street
Lanark
Lanarkshire
ML11 7NL





REGISTERED NUMBER: SC241331 (Scotland)





ACCOUNTANTS: G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
Lanarkshire
ML11 7NL

MARKETING SERVICES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC241331)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 80,928 66,602
80,928 66,602

CURRENT ASSETS
Debtors 6 - 8,368
Cash at bank 206,486 209,272
206,486 217,640
CREDITORS
Amounts falling due within one year 7 67,918 48,169
NET CURRENT ASSETS 138,568 169,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,496

236,073

CREDITORS
Amounts falling due after more than one
year

8

(82,379

)

(108,366

)

PROVISIONS FOR LIABILITIES (353 ) (1,272 )
NET ASSETS 136,764 126,435

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 136,564 126,235
SHAREHOLDERS' FUNDS 136,764 126,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

MARKETING SERVICES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC241331)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 July 2024 and were signed by:





L E Duncan - Director


MARKETING SERVICES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC241331)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Marketing Services (Scotland) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

MARKETING SERVICES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC241331)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023
and 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 57,840 78,705 136,545
Additions - 26,342 26,342
At 31 March 2024 57,840 105,047 162,887
DEPRECIATION
At 1 April 2023 12,133 57,810 69,943
Charge for year 914 11,102 12,016
At 31 March 2024 13,047 68,912 81,959
NET BOOK VALUE
At 31 March 2024 44,793 36,135 80,928
At 31 March 2023 45,707 20,895 66,602

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 8,368

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,971 3,860
Taxation and social security 21,199 1,736
Other creditors 44,748 42,573
67,918 48,169

MARKETING SERVICES (SCOTLAND) LIMITED (REGISTERED NUMBER: SC241331)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 78,718 102,733
Hire purchase contracts 3,661 5,633
82,379 108,366

The bank business term loan is secured by a fixed charge over the company buildings and a floating charge over the company assets.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of LE Duncan throughout the current period.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Marketing Services (Scotland) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marketing Services (Scotland) Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Marketing Services (Scotland) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marketing Services (Scotland) Limited and state those matters that we have agreed to state to the director of Marketing Services (Scotland) Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Marketing Services (Scotland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marketing Services (Scotland) Limited. You consider that Marketing Services (Scotland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marketing Services (Scotland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
Lanarkshire
ML11 7NL


8 July 2024