IRIS Accounts Production v24.3.0.553 SC392727 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3927272023-03-31SC3927272024-03-31SC3927272023-04-012024-03-31SC3927272022-05-31SC3927272022-06-012023-03-31SC3927272023-03-31SC392727ns15:Scotland2023-04-012024-03-31SC392727ns14:PoundSterling2023-04-012024-03-31SC392727ns10:Director12023-04-012024-03-31SC392727ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC392727ns10:SmallEntities2023-04-012024-03-31SC392727ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC392727ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC392727ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC392727ns10:FullAccounts2023-04-012024-03-31SC392727ns10:OrdinaryShareClass12023-04-012024-03-31SC392727ns10:Director22023-04-012024-03-31SC392727ns10:CompanySecretary12023-04-012024-03-31SC392727ns10:RegisteredOffice2023-04-012024-03-31SC392727ns5:CurrentFinancialInstruments2024-03-31SC392727ns5:CurrentFinancialInstruments2023-03-31SC392727ns5:ShareCapital2024-03-31SC392727ns5:ShareCapital2023-03-31SC392727ns5:RetainedEarningsAccumulatedLosses2024-03-31SC392727ns5:RetainedEarningsAccumulatedLosses2023-03-31SC392727ns5:LeaseholdImprovements2023-04-012024-03-31SC392727ns5:FurnitureFittings2023-04-012024-03-31SC392727ns5:MotorVehicles2023-04-012024-03-31SC392727ns5:ComputerEquipment2023-04-012024-03-31SC392727ns5:LeaseholdImprovements2023-03-31SC392727ns5:FurnitureFittings2023-03-31SC392727ns5:MotorVehicles2023-03-31SC392727ns5:ComputerEquipment2023-03-31SC392727ns5:LeaseholdImprovements2024-03-31SC392727ns5:FurnitureFittings2024-03-31SC392727ns5:MotorVehicles2024-03-31SC392727ns5:ComputerEquipment2024-03-31SC392727ns5:LeaseholdImprovements2023-03-31SC392727ns5:FurnitureFittings2023-03-31SC392727ns5:MotorVehicles2023-03-31SC392727ns5:ComputerEquipment2023-03-31SC392727ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC392727ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC392727ns5:DeferredTaxation2023-03-31SC392727ns5:DeferredTaxation2023-04-012024-03-31SC392727ns5:DeferredTaxation2024-03-31SC392727ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: SC392727 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pilsco Limited

Pilsco Limited (Registered number: SC392727)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pilsco Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Nigel J Kelly
Mrs Andrea Kelly





SECRETARY: Mr Nigel J Kelly





REGISTERED OFFICE: 10/16
10 Colvilles Place
East Kilbride
Glasgow
G75 0SN





REGISTERED NUMBER: SC392727 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Pilsco Limited (Registered number: SC392727)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,197 99,698

CURRENT ASSETS
Stock 148,573 183,061
Debtors 5 280,580 116,488
Cash at bank 7,511 22,977
436,664 322,526
CREDITORS
Amounts falling due within one year 6 267,907 272,981
NET CURRENT ASSETS 168,757 49,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,954

149,243

PROVISIONS FOR LIABILITIES 7 6,530 22,924
NET ASSETS 239,424 126,319

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 239,324 126,219
SHAREHOLDERS' FUNDS 239,424 126,319

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

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

Pilsco Limited (Registered number: SC392727)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





Mr Nigel J Kelly - Director


Pilsco Limited (Registered number: SC392727)

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

1. STATUTORY INFORMATION

Pilsco 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.

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, 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.
Improvements to property - 10% on cost
Fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Financial instruments
Basic financial instruments, including 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 administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Pilsco Limited (Registered number: SC392727)

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

2. ACCOUNTING POLICIES - continued
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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fittings
to and Motor Computer
property equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 4,782 18,979 109,765 4,166 137,692
Additions - - - 1,684 1,684
At 31 March 2024 4,782 18,979 109,765 5,850 139,376
DEPRECIATION
At 1 April 2023 2,391 8,569 22,868 4,166 37,994
Charge for year 478 1,562 21,724 421 24,185
At 31 March 2024 2,869 10,131 44,592 4,587 62,179
NET BOOK VALUE
At 31 March 2024 1,913 8,848 65,173 1,263 77,197
At 31 March 2023 2,391 10,410 86,897 - 99,698

Pilsco Limited (Registered number: SC392727)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 67,816 103,835
Other debtors 212,764 12,653
280,580 116,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 45,041 32,155
Amounts owed to group undertakings 121,000 121,000
Taxation and social security 83,702 107,528
Other creditors 18,164 12,298
267,907 272,981

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,530 22,924

Deferred
tax
£   
Balance at 1 April 2023 22,924
Credit to Statement of Income and Retained Earnings during year (16,394 )
Balance at 31 March 2024 6,530

8. CALLED UP SHARE CAPITAL

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

9. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of SRX Holdings Limited, a company registered in Scotland.