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REGISTERED NUMBER: SC367066 (Scotland)















POL-SCOT CONTRACTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






POL-SCOT CONTRACTS LIMITED (REGISTERED NUMBER: SC367066)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POL-SCOT CONTRACTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: A Kisiel
A Polujan





SECRETARY: A Polujan





REGISTERED OFFICE: 67 Kelvin Drive
Airdrie
ML6 6HS





REGISTERED NUMBER: SC367066 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

POL-SCOT CONTRACTS LIMITED (REGISTERED NUMBER: SC367066)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 50,208 37,822
Cash at bank 96 4
50,304 37,826
CREDITORS
Amounts falling due within one year 5 38,952 32,045
NET CURRENT ASSETS 11,352 5,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,352

5,781

CREDITORS
Amounts falling due after more than one
year

6

23,683

17,767
NET LIABILITIES (12,331 ) (11,986 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (12,333 ) (11,988 )
SHAREHOLDERS' FUNDS (12,331 ) (11,986 )

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.

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 20 November 2024 and were signed on its behalf by:




A Polujan - Director


POL-SCOT CONTRACTS LIMITED (REGISTERED NUMBER: SC367066)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Pol-Scot Contracts 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.

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 represents sales of goods and services provided in the year, excluding value added tax.

Financial instruments
Basic financial instruments, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current taxation. 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 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.

Going concern
The directors have prepared the accounts on a going concern basis despite there being net liabilities at the balance sheet date as the company has continued to trade since the year end and is meeting its liabilities as they fall due.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 50,208 37,822

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,918 4,779
Directors' loan account 4,486 -
Taxation and social security 25,423 25,141
Other creditors 2,125 2,125
38,952 32,045

POL-SCOT CONTRACTS LIMITED (REGISTERED NUMBER: SC367066)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 23,683 17,767

The company's directors have provided personal guarantees to one of the company's loan providers.

7. RELATED PARTY DISCLOSURES

At 31 March 2024 the company's directors had provided interest free loans to the company totalling £4,486 (2023, £0). There are no fixed repayment terms for these loans.