Registered number
SC536128
TSL Services (Scotland) Ltd
Filleted Accounts
31 May 2024
TSL Services (Scotland) Ltd
Registered number: SC536128
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 104,912 29,042
Current assets
Debtors 4 2,127 1,635
Cash at bank and in hand 56,649 105,808
58,776 107,443
Creditors: amounts falling due within one year 5 (7,694) (11,886)
Net current assets 51,082 95,557
Net assets 155,994 124,599
Capital and reserves
Called up share capital 1 1
Profit and loss account 155,993 124,598
Shareholder's funds 155,994 124,599
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 member has 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.
T Lawson
Director
Approved by the board on 7 February 2025
TSL Services (Scotland) Ltd
Notes to the Accounts
for the year ended 31 May 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 rendering of services and 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.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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 period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 - 14,435 24,128 38,563
Additions 42,560 10,392 34,265 87,217
At 31 May 2024 42,560 24,827 58,393 125,780
Depreciation
At 1 June 2023 - 4,494 5,027 9,521
Charge for the year - 3,550 7,797 11,347
At 31 May 2024 - 8,044 12,824 20,868
Net book value
At 31 May 2024 42,560 16,783 45,569 104,912
At 31 May 2023 - 9,941 19,101 29,042
4 Debtors 2024 2023
£ £
Trade debtors 2,127 1,635
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,830 2,830
Taxation and social security costs 2,619 5,942
Other creditors 2,245 3,114
7,694 11,886
6 Other information
TSL Services (Scotland) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
7 Eldindean Place
Bonnyrigg
Midlothian
EH19 2EY
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