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FAULDS GAS SERVICES LTD

Registered Number
SC711719
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2023

FAULDS GAS SERVICES LTD
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

BENDORIS, Ashley
FAULDS, Gary

Registered Address

Mckellar Accountancy Unit 3.2
1 Macdowall Street
Paisley
PA3 2NB

Registered Number

SC711719 (Scotland)
FAULDS GAS SERVICES LTD
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets39,37212,496
9,37212,496
Current assets
Debtors413,0944,699
Cash at bank and on hand2,335292
15,4294,991
Creditors amounts falling due within one year5(54,755)(45,035)
Net current assets (liabilities)(39,326)(40,044)
Total assets less current liabilities(29,954)(27,548)
Net assets(29,954)(27,548)
Capital and reserves
Called up share capital11
Profit and loss account(29,955)(27,549)
Shareholders' funds(29,954)(27,548)
The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2024, and are signed on its behalf by:
FAULDS, Gary
Director
Registered Company No. SC711719
FAULDS GAS SERVICES LTD
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 November 2214,99514,995
At 31 October 2314,99514,995
Depreciation and impairment
At 01 November 222,4992,499
Charge for year3,1243,124
At 31 October 235,6235,623
Net book value
At 31 October 239,3729,372
At 31 October 2212,49612,496
4.Debtors: amounts due within one year

2023

2022

££
Other debtors10,4554,699
Prepayments and accrued income2,639-
Total13,0944,699
Included in debtors is tax chargeable under CTA 2010 S.455 of £2,638.24 (2022:£0.00)
5.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties49,47945,035
Taxation and social security5,276-
Total54,75545,035
Included within creditors is an amount of £49,478.79, owed to an associated company, Kebab Boy Productions Ltd. This company is associated by common control exercised by the directors.
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
FAULDS, Gary07,81707,817
07,81707,817