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REGISTERED NUMBER: SC202376 (Scotland)















Financial Statements for the Year Ended 31 January 2024

for

AEGIS PROPERTY CARE LIMITED

AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 98,809 73,732

Current assets
Work in progress 28,703 59,403
Debtors 5 131,602 121,601
Cash at bank and in hand 203,362 178,768
363,667 359,772
Creditors
Amounts falling due within one year 6 (164,039 ) (195,455 )
Net current assets 199,628 164,317
Total assets less current liabilities 298,437 238,049

Creditors
Amounts falling due after more than one
year

7

(12,831

)

(6,667

)

Provisions for liabilities (10,811 ) (3,827 )
Net assets 274,795 227,555

Capital and reserves
Called up share capital 9 100 100
Retained earnings 274,695 227,455
Shareholders' funds 274,795 227,555

AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

Balance Sheet - continued
31 January 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





D Ward - Director


AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

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


1. Statutory information

Aegis Property Care Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC202376

Registered office: 115 Liberton Brae
Edinburgh
EH16 6LE

The presentation currency of the financial statements is the Pound Sterling (£).


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, net of discounts and value added taxes.

Turnover is revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the assets capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its expected useful life.

Plant & machinery - 15% reducing balance
Motor vehicles - 25% reducing balance
Fittings & equipment - 15% reducing balance
Computer equipment - 3 years straight line
Leasehold improvements - 5 years straight line

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stock and work in progress
Stocks have been valued at the lower of cost or net realisable value. Work in progress has been valued at the cost price of materials and direct labour.


AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

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


2. Accounting policies - continued
Taxation
Current taxation represents the amount of taxation payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation represents the future taxation consequences of transactions and events recognised in the
financial statements of current and previous periods. It is recognised in respect of all timing differences, with
certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved taxation losses and other deferred taxation assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred taxation liabilities or other future taxable profits.

Deferred taxation is measured using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits
The company operates money purchase (defined contribution) pension scheme. Contributions are charged against profits on the amounts payable for the year.

Hire purchase and leases
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.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Bank and cash
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Hire purchase and leases
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.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 13 (2023 - 13 ) .

AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

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


4. Tangible fixed assets
Leasehold Plant & Motor Fittings
improvements machinery vehicles & equipment Totals
£    £    £    £    £   
Cost
At 1 February 2023 49,625 15,962 154,082 9,096 228,765
Additions - - 50,495 374 50,869
Disposals - - (18,570 ) (624 ) (19,194 )
At 31 January 2024 49,625 15,962 186,007 8,846 260,440
Depreciation
At 1 February 2023 49,625 7,985 90,814 6,609 155,033
Charge for year - 1,197 13,262 1,333 15,792
Written back on disposals - - (8,570 ) (624 ) (9,194 )
At 31 January 2024 49,625 9,182 95,506 7,318 161,631
Net book value
At 31 January 2024 - 6,780 90,501 1,528 98,809
At 31 January 2023 - 7,977 63,268 2,487 73,732

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 115,876 114,431
Other debtors and prepayments 15,726 7,170
131,602 121,601

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 13,665 11,481
Trade creditors 76,627 44,855
Other creditors & accruals 24,861 63,825
Corporation tax 14,089 15,901
Other taxation & social security 34,797 54,393
Director's loan account - 5,000
164,039 195,455

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 12,831 6,667

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 26,496 -

The hire purchase contracts are secured over the assets concerned.

AEGIS PROPERTY CARE LIMITED (REGISTERED NUMBER: SC202376)

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


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100