Registered number
SC710215
Elite Cooling Services Scotland Limited
Filleted Accounts
31 March 2024
Elite Cooling Services Scotland Limited
Registered number: SC710215
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 33,650 37,500
Current assets
Debtors 4 240,200 206,800
Cash at bank and in hand 125,989 69,130
366,189 275,930
Creditors: amounts falling due within one year 5 (167,777) (164,737)
Net current assets 198,412 111,193
Total assets less current liabilities 232,062 148,693
Provisions for liabilities (8,500) (9,000)
Net assets 223,562 139,693
Capital and reserves
Called up share capital 100 100
Profit and loss account 223,462 139,593
Shareholders' funds 223,562 139,693
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Moore
Director
Approved by the board on 11 November 2024
Elite Cooling Services Scotland Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2024
1 Accounting policies
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).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 - 50,000 50,000
Additions 958 - 958
At 31 March 2024 958 50,000 50,958
Depreciation
At 1 October 2023 - 12,500 12,500
Charge for the period 120 4,688 4,808
At 31 March 2024 120 17,188 17,308
Net book value
At 31 March 2024 838 32,812 33,650
At 30 September 2023 - 37,500 37,500
4 Debtors 2024 2023
£ £
Trade debtors 80,212 165,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest 158,188 40,000
Other debtors 1,800 1,800
240,200 206,800
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 70,611 99,015
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 1,812
Taxation and social security costs 96,152 63,210
Other creditors 1,014 700
167,777 164,737
6 Related party transactions
The company made sales of £605,072 (2023: 479,481) to Elite Services Group (NW) Limited - a company under the control of L Bithell.
It also made purchases of £402,884 (2023: £213,926) from the same company.
7 Controlling party
The company is under the control or B Moore & L Bithell.
8 Other information
Elite Cooling Services Scotland Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Block 2, Unit 25
9 East Muir Street
Annick Industrial Estate
Glasgow
G32 0HS
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