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REGISTERED NUMBER: SC219630 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Pacemaker Cleaning Services Limited

Pacemaker Cleaning Services Limited (Registered number: SC219630)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Pacemaker Cleaning Services Limited

Company Information
for the year ended 31st March 2024







Directors: R Panton
L K Panton





Registered office: Unit 3b
Smithton Industrial Estate
Smithton
Inverness
Inverness-Shire
IV2 7WL





Registered number: SC219630 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pacemaker Cleaning Services Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pacemaker Cleaning Services Limited for the year ended 31st March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Pacemaker Cleaning Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pacemaker Cleaning Services Limited and state those matters that we have agreed to state to the Board of Directors of Pacemaker Cleaning Services Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pacemaker Cleaning Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pacemaker Cleaning Services Limited. You consider that Pacemaker Cleaning Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pacemaker Cleaning Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


13th January 2025

Pacemaker Cleaning Services Limited (Registered number: SC219630)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 353,122 263,544
Investments 5 - -
Investment property 6 660,286 532,216
1,013,408 795,760

Current assets
Stocks 78,653 77,546
Debtors 7 282,997 306,999
Cash at bank 61,655 137,329
423,305 521,874
Creditors
Amounts falling due within one year 8 362,596 236,899
Net current assets 60,709 284,975
Total assets less current liabilities 1,074,117 1,080,735

Creditors
Amounts falling due after more than one year 9 (30,159 ) (154,039 )

Provisions for liabilities (38,388 ) (8,923 )
Net assets 1,005,570 917,773

Pacemaker Cleaning Services Limited (Registered number: SC219630)

Balance Sheet - continued
31st March 2024

2024 2023
Notes £    £    £    £   
Capital and reserves
Called up share capital 100 100
Retained earnings 1,005,470 917,673
1,005,570 917,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th January 2025 and were signed on its behalf by:





R Panton - Director


Pacemaker Cleaning Services Limited (Registered number: SC219630)

Notes to the Financial Statements
for the year ended 31st March 2024


1. Statutory information

Pacemaker Cleaning Services 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 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.
Freehold property - Straight line over 30 years
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is measured initially at cost, which includes purchase price and any directly
attributable expenditure. Investment property is revalued to its fair value at each reporting date and any
changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is not available without undue cost or effort it shall be transferred to
tangible assets and accounted for under the cost model until it is expected that fair value will be reliably
measurable on an on-going basis.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Pacemaker Cleaning Services Limited (Registered number: SC219630)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


2. Accounting policies - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

The average number of employees during the year was 61 (2023 - 59 ) .

Pacemaker Cleaning Services Limited (Registered number: SC219630)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


4. Tangible fixed assets
Fixtures
Freehold Tenants and Motor
property improvements fittings vehicles Totals
£    £    £    £    £   
Cost
At 1st April 2023 196,372 22,756 72,355 131,300 422,783
Additions - 42,826 - 106,373 149,199
At 31st March 2024 196,372 65,582 72,355 237,673 571,982
Depreciation
At 1st April 2023 - 6,214 51,968 101,057 159,239
Charge for year 6,546 14,841 4,081 34,153 59,621
At 31st March 2024 6,546 21,055 56,049 135,210 218,860
Net book value
At 31st March 2024 189,826 44,527 16,306 102,463 353,122
At 31st March 2023 196,372 16,542 20,387 30,243 263,544

5. Fixed asset investments
Loans to
joint
ventures
£   
At 1st April 2023
and 31st March 2024 4,950

6. Investment property
Total
£   
Cost
At 1st April 2023 532,216
Additions 128,070
At 31st March 2024 660,286
Net book value
At 31st March 2024 660,286
At 31st March 2023 532,216

Pacemaker Cleaning Services Limited (Registered number: SC219630)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


6. Investment property - continued

The above investment properties have a historic cost of £660,286 (2023 £532,216). Investment properties were valued on an open market basis at 31 March 2024 by the director R Panton (38 Woodrow Road £232,000, 67 Murray Terrace £100,000, 29 Harbour Road £280,000 and 53 Culduthel Avenue £125,000).

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 266,782 260,714
Other debtors 16,215 46,285
282,997 306,999

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 144,377 28,590
Trade creditors 47,132 37,015
Taxation and social security 151,882 157,785
Other creditors 19,205 13,509
362,596 236,899

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 30,159 154,039

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Business loan 139,110 141,938
Bounce back loan 35,426 40,692
174,536 182,630

Pacemaker Cleaning Services Limited (Registered number: SC219630)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
R Panton
Balance outstanding at start of year 22,587 (3,127 )
Amounts advanced 22,175 68,639
Amounts repaid (47,500 ) (42,925 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,738 ) 22,587

L K Panton
Balance outstanding at start of year 3,726 (2,937 )
Amounts advanced 14,824 25,983
Amounts repaid (19,216 ) (19,320 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (666 ) 3,726