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REGISTERED NUMBER: SC688212 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

AS - Utilities Scotland Limited

AS - Utilities Scotland Limited (Registered number: SC688212)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AS - Utilities Scotland Limited

COMPANY INFORMATION
for the Year Ended 28 February 2024







DIRECTORS: Mr A C Strain
C M Kelly
S C Peters
Mrs C L Strain





REGISTERED OFFICE: Unit 17 Colvilles Park
Kelvin Industrial Estate
East Kilbride
G75 0GZ





REGISTERED NUMBER: SC688212 (Scotland)





ACCOUNTANTS: R.A.M.
Unit 17, Colvilles Park
Kelvin Industrial Estate
East Kilbride
South Lanarkshire
G75 0GZ

AS - Utilities Scotland Limited (Registered number: SC688212)

BALANCE SHEET
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,369 12,192

CURRENT ASSETS
Stocks - 135,419
Debtors 5 497,004 279,291
Cash at bank 293,792 143,646
790,796 558,356
CREDITORS
Amounts falling due within one year 6 707,695 487,241
NET CURRENT ASSETS 83,101 71,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,470

83,307

PROVISIONS FOR LIABILITIES 4,060 2,317
NET ASSETS 100,410 80,990

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 100,400 80,980
100,410 80,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

AS - Utilities Scotland Limited (Registered number: SC688212)

BALANCE SHEET - continued
28 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





Mr A C Strain - Director


AS - Utilities Scotland Limited (Registered number: SC688212)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2024


1. STATUTORY INFORMATION

AS - Utilities 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.

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 - 25% 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.

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.

AS - Utilities Scotland Limited (Registered number: SC688212)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2023 17,645 - 17,645
Additions 3,930 9,781 13,711
At 28 February 2024 21,575 9,781 31,356
DEPRECIATION
At 1 March 2023 5,453 - 5,453
Charge for year 4,030 504 4,534
At 28 February 2024 9,483 504 9,987
NET BOOK VALUE
At 28 February 2024 12,092 9,277 21,369
At 28 February 2023 12,192 - 12,192

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 466,998 213,917
Other debtors 30,006 65,374
497,004 279,291

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade creditors 258,601 149,204
Taxation and social security (38,541 ) (115,975 )
Other creditors 487,635 454,012
707,695 487,241

7. RELATED PARTY DISCLOSURES

As at 28 February 2024, there is an amount owed of £234,293 (2023 - £448,012) to an entity of which Mr Strain is a director and shareholder.