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REGISTERED NUMBER: SC303839 (Scotland)















Financial Statements for the Year Ended 5 April 2024

for

Reid Turbine Services Ltd

Reid Turbine Services Ltd (Registered number: SC303839)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Reid Turbine Services Ltd

Company Information
for the Year Ended 5 April 2024







DIRECTOR: W Reid





SECRETARY: Miss F W Keller





REGISTERED OFFICE: Ostler House
Waulkmill Farm
Kinharrachie
Ellon
Aberdeenshire
AB41 8PS





REGISTERED NUMBER: SC303839 (Scotland)





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

Reid Turbine Services Ltd (Registered number: SC303839)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,156 8,212

CURRENT ASSETS
Debtors 5 1,300 10,070
Cash at bank 534 11,745
1,834 21,815
CREDITORS
Amounts falling due within one year 6 7,749 14,811
NET CURRENT (LIABILITIES)/ASSETS (5,915 ) 7,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

241

15,216

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 141 15,116
SHAREHOLDERS' FUNDS 241 15,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 29 October 2024 and were signed by:



W Reid - Director


Reid Turbine Services Ltd (Registered number: SC303839)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Reid Turbine 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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 36,346
DEPRECIATION
At 6 April 2023 28,134
Charge for year 2,056
At 5 April 2024 30,190
NET BOOK VALUE
At 5 April 2024 6,156
At 5 April 2023 8,212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors - 8,770
Other debtors 1,300 1,300
1,300 10,070

Reid Turbine Services Ltd (Registered number: SC303839)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Taxation and social security 5,231 12,121
Other creditors 2,518 2,690
7,749 14,811

7. RELATED PARTY DISCLOSURES

During the year the director Mr William Reid advanced the company net amounts totalling £646. This amount remained outstanding at 5th April 2024 and is included within other creditors in the notes to the accounts..

8. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr William Reid by virtue of his 70% holding in the ordinary share capital of the company.