Registered number
SC376461
Total Energy Solutions Scotland Limited
Filleted Accounts
5 April 2024
Total Energy Solutions Scotland Limited
Registered number: SC376461
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 14,250 16,625
Tangible assets 4 7,339 17,857
21,589 34,482
Current assets
Stocks 5,000 5,000
Debtors 5 41,780 27,798
Cash at bank and in hand 8,770 13,342
55,550 46,140
Creditors: amounts falling due within one year 6 (50,257) (27,803)
Net current assets 5,293 18,337
Total assets less current liabilities 26,882 52,819
Creditors: amounts falling due after more than one year 7 (25,900) (37,934)
Net assets 982 14,885
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (18) 13,885
Shareholders' funds 982 14,885
The director is 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 director acknowledges his 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.
S Edwards
Director
Approved by the board on 5 January 2025
Total Energy Solutions Scotland Limited
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 6 April 2023 47,500
At 5 April 2024 47,500
Amortisation
At 6 April 2023 30,875
Provided during the year 2,375
At 5 April 2024 33,250
Net book value
At 5 April 2024 14,250
At 5 April 2023 16,625
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Other tangible assets Motor vehicles Total
£ £ £
Cost
At 6 April 2023 5,849 52,594 58,443
At 5 April 2024 5,849 52,594 58,443
Depreciation
At 6 April 2023 5,849 34,737 40,586
Charge for the year - 10,518 10,518
At 5 April 2024 5,849 45,255 51,104
Net book value
At 5 April 2024 - 7,339 7,339
At 5 April 2023 - 17,857 17,857
5 Debtors 2024 2023
£ £
Trade debtors 14,419 9,775
Other debtors 27,361 18,023
41,780 27,798
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,396 8,149
Taxation and social security costs 9,936 (3,067)
Other creditors 27,925 22,721
50,257 27,803
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 13,368 20,844
Obligations under finance lease and hire purchase contracts 12,532 17,090
25,900 37,934
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