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REGISTERED NUMBER: SC166311 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

P.B.P. SERVICES (SCOTLAND) LTD

P.B.P. SERVICES (SCOTLAND) LTD (REGISTERED NUMBER: SC166311)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.B.P. SERVICES (SCOTLAND) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: P Bruce
Mrs D Bruce





SECRETARY: Brown & McRae





REGISTERED OFFICE: c/o P.B.P. Services (Scotland) Ltd
Harbour Road
Fraserburgh
Aberdeenshire
AB43 9TB





REGISTERED NUMBER: SC166311 (Scotland)

P.B.P. SERVICES (SCOTLAND) LTD (REGISTERED NUMBER: SC166311)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,669,609 1,268,240
Investments 7 350,303 442,024
Investment property 8 51,429 51,429
2,071,341 1,761,693

CURRENT ASSETS
Stocks 354,305 874,913
Debtors 9 4,815,760 3,866,413
Cash at bank and in hand 798,014 1,022,536
5,968,079 5,763,862
CREDITORS
Amounts falling due within one year 10 692,752 533,558
NET CURRENT ASSETS 5,275,327 5,230,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,346,668

6,991,997

CREDITORS
Amounts falling due after more than one
year

11

(71,831

)

(83,972

)

PROVISIONS FOR LIABILITIES (70,244 ) (67,582 )
NET ASSETS 7,204,593 6,840,443

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 7,104,593 6,740,443
SHAREHOLDERS' FUNDS 7,204,593 6,840,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

P.B.P. SERVICES (SCOTLAND) LTD (REGISTERED NUMBER: SC166311)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





P Bruce - Director


P.B.P. SERVICES (SCOTLAND) LTD (REGISTERED NUMBER: SC166311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

P.B.P. Services (Scotland) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on cost and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

P.B.P. SERVICES (SCOTLAND) LTD (REGISTERED NUMBER: SC166311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. ACCOUNTING POLICIES - continued

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Investments
The company has a participating interest in a limited liability partnership, which is an associated undertaking. The financial statements include the company's share of partnership profits or losses to the last accounting date of the partnership. All drawings from the limited liability partnership are included in the financial statements.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 37 ) .

P.B.P. SERVICES (SCOTLAND) LTD (REGISTERED NUMBER: SC166311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 329,000
AMORTISATION
At 1 November 2022
and 31 October 2023 329,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 900,597 1,840,094 2,740,691
Additions 503,120 112,593 615,713
Disposals - (40,833 ) (40,833 )
At 31 October 2023 1,403,717 1,911,854 3,315,571
DEPRECIATION
At 1 November 2022 153,501 1,318,950 1,472,451
Charge for year 31,033 183,311 214,344
Eliminated on disposal - (40,833 ) (40,833 )
At 31 October 2023 184,534 1,461,428 1,645,962
NET BOOK VALUE
At 31 October 2023 1,219,183 450,426 1,669,609
At 31 October 2022 747,096 521,144 1,268,240

P.B.P. SERVICES (SCOTLAND) LTD (REGISTERED NUMBER: SC166311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. FIXED ASSET INVESTMENTS
Share in
limited
liability Other
partnership investments Totals
£    £    £   
COST
At 1 November 2022 326,772 115,252 442,024
Additions - 22,586 22,586
Disposals (300,000 ) - (300,000 )
Share of profit/(loss) 185,693 - 185,693
At 31 October 2023 212,465 137,838 350,303
NET BOOK VALUE
At 31 October 2023 212,465 137,838 350,303
At 31 October 2022 326,772 115,252 442,024

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 51,429
NET BOOK VALUE
At 31 October 2023 51,429
At 31 October 2022 51,429

The investment properties were valued at fair value on 31 October 2022 by the directors.

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,706,463 1,312,185
Other debtors 3,109,297 2,554,228
4,815,760 3,866,413

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 310,734 260,470
Taxation and social security 219,757 109,987
Other creditors 162,261 163,101
692,752 533,558

P.B.P. SERVICES (SCOTLAND) LTD (REGISTERED NUMBER: SC166311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 71,831 83,972

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 23,269 35,410

12. ULTIMATE CONTROLLING PARTY

The controlling party is P Bruce.