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REGISTERED NUMBER: SC236428 (Scotland)















Financial Statements for the Year Ended 30 November 2023

for

Emco Services Ltd

Emco Services Ltd (Registered number: SC236428)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Emco Services Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: R Emslie





SECRETARY: Mrs K King





REGISTERED OFFICE: Linkshill Farm
Udny
Ellon
Aberdeenshire
AB41 6SJ





REGISTERED NUMBER: SC236428 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

Emco Services Ltd (Registered number: SC236428)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,150,056 1,652,602

CURRENT ASSETS
Stocks 45,653 42,193
Debtors 5 545,721 435,170
Cash at bank 893,044 2,266,709
1,484,418 2,744,072
CREDITORS
Amounts falling due within one year 6 220,368 441,788
NET CURRENT ASSETS 1,264,050 2,302,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,414,106

3,954,886

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 4,413,906 3,954,686
SHAREHOLDERS' FUNDS 4,414,106 3,954,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Emco Services Ltd (Registered number: SC236428)

Balance Sheet - continued
30 November 2023


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 22 August 2024 and were signed by:





R Emslie - Director


Emco Services Ltd (Registered number: SC236428)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Emco 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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 11 (2022 - 8 ) .

Emco Services Ltd (Registered number: SC236428)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 - 3,886,688 3,886,688
Additions 1,276,025 646,400 1,922,425
Disposals - (46,000 ) (46,000 )
At 30 November 2023 1,276,025 4,487,088 5,763,113
DEPRECIATION
At 1 December 2022 - 2,234,086 2,234,086
Charge for year - 412,436 412,436
Eliminated on disposal - (33,465 ) (33,465 )
At 30 November 2023 - 2,613,057 2,613,057
NET BOOK VALUE
At 30 November 2023 1,276,025 1,874,031 3,150,056
At 30 November 2022 - 1,652,602 1,652,602

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 390,582 427,576
Other debtors 155,139 7,594
545,721 435,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 78,936 307,290
Taxation and social security 76,435 64,915
Other creditors 64,997 69,583
220,368 441,788

7. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr R Emslie by virtue of his 90% holding in the ordinary share capital of the company.