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REGISTERED NUMBER: SC654373 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ONSITE TELECOM SOLUTIONS LTD

ONSITE TELECOM SOLUTIONS LTD (REGISTERED NUMBER: SC654373)






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


ONSITE TELECOM SOLUTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: F J MacFadyen
J Macfadyen





REGISTERED OFFICE: 15 Cressland Drive
Glasgow
G45 9HR





REGISTERED NUMBER: SC654373 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

ONSITE TELECOM SOLUTIONS LTD (REGISTERED NUMBER: SC654373)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,563 89,743

CURRENT ASSETS
Debtors 5 20,071 56,560
Cash at bank and in hand 11,548 38,571
31,619 95,131
CREDITORS
Amounts falling due within one year 6 26,215 66,573
NET CURRENT ASSETS 5,404 28,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,967

118,301

CREDITORS
Amounts falling due after more than one
year

7

(36,973

)

(50,864

)

PROVISIONS FOR LIABILITIES (13,877 ) (13,107 )
NET ASSETS 47,117 54,330

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 47,017 54,230
SHAREHOLDERS' FUNDS 47,117 54,330

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.

ONSITE TELECOM SOLUTIONS LTD (REGISTERED NUMBER: SC654373)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:




F J MacFadyen - Director



J Macfadyen - Director


ONSITE TELECOM SOLUTIONS LTD (REGISTERED NUMBER: SC654373)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Onsite Telecom Solutions 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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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
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.

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.

ONSITE TELECOM SOLUTIONS LTD (REGISTERED NUMBER: SC654373)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 76,075 73,052 2,199 151,326
Additions 40,199 - - 40,199
Disposals (8,700 ) - - (8,700 )
At 31 March 2024 107,574 73,052 2,199 182,825
DEPRECIATION
At 1 April 2023 33,847 26,465 1,271 61,583
Charge for year 18,975 11,647 232 30,854
Eliminated on disposal (2,175 ) - - (2,175 )
At 31 March 2024 50,647 38,112 1,503 90,262
NET BOOK VALUE
At 31 March 2024 56,927 34,940 696 92,563
At 31 March 2023 42,228 46,587 928 89,743

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 73,052
DEPRECIATION
At 1 April 2023 26,465
Charge for year 11,647
At 31 March 2024 38,112
NET BOOK VALUE
At 31 March 2024 34,940
At 31 March 2023 46,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,500 53,350
Tax - 135
VAT 2,331 1,912
Prepayments and accrued income 240 1,163
20,071 56,560

ONSITE TELECOM SOLUTIONS LTD (REGISTERED NUMBER: SC654373)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,132 3,132
Hire purchase contracts 10,728 10,728
Trade creditors 179 17,430
Tax 2,176 10,283
Directors' current accounts 10,000 25,000
26,215 66,573

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 3,132 3,132
Bank loans - 2-5 years 9,396 9,396
Bank loans more 5 yr by instal 5,595 8,758
Hire purchase contracts 18,850 29,578
36,973 50,864

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,595 8,758

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

The company directors were owed £10,000 (2023-£25,000) at the year end. The maximum amount outstanding during the year was £25,000.