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REGISTERED NUMBER: SC206727 (Scotland)










Financial Statements

For The Year Ended 31 May 2024

for

S.I.R. GAS LTD.

S.I.R. GAS LTD. (Registered number: SC206727)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.I.R. GAS LTD.

Company Information
For The Year Ended 31 May 2024







DIRECTORS: S Maher
B C Maher





SECRETARY: S Maher





REGISTERED OFFICE: Beechlea
Solsgirth Gardens
Kirkintilloch
Glasgow
G66 3XA





REGISTERED NUMBER: SC206727 (Scotland)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

S.I.R. GAS LTD. (Registered number: SC206727)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,857 11,211

CURRENT ASSETS
Debtors 5 35,562 9,934
Cash at bank 17,220 5,913
52,782 15,847
CREDITORS
Amounts falling due within one year 6 72,096 26,699
NET CURRENT LIABILITIES (19,314 ) (10,852 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,543

359

CREDITORS
Amounts falling due after more than one
year

7

10,595

-
NET ASSETS 17,948 359

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 17,848 259
SHAREHOLDERS' FUNDS 17,948 359

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

S.I.R. GAS LTD. (Registered number: SC206727)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





S Maher - Director


S.I.R. GAS LTD. (Registered number: SC206727)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

S.I.R. GAS 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 represents the sale of gas & heating contracting services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 21,900 3,782 51,139 9,371 86,192
Additions - - 39,447 - 39,447
At 31 May 2024 21,900 3,782 90,586 9,371 125,639
DEPRECIATION
At 1 June 2023 20,377 3,406 42,130 9,068 74,981
Charge for year 380 94 2,252 75 2,801
At 31 May 2024 20,757 3,500 44,382 9,143 77,782
NET BOOK VALUE
At 31 May 2024 1,143 282 46,204 228 47,857
At 31 May 2023 1,523 376 9,009 303 11,211

S.I.R. GAS LTD. (Registered number: SC206727)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 39,447
At 31 May 2024 39,447
NET BOOK VALUE
At 31 May 2024 39,447

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,562 9,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,779 -
Trade creditors 22,157 -
Taxation and social security 11,020 19,298
Other creditors 33,140 7,401
72,096 26,699

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 10,595 -