2023-06-01 2024-05-31 false Capium Accounts Production 1.1 SC229044 2023-06-01 2024-05-31 SC229044 bus:FullAccounts 2023-06-01 2024-05-31 SC229044 bus:FRS102 2023-06-01 2024-05-31 SC229044 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC229044 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC229044 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC229044 2023-06-01 2024-05-31 SC229044 2024-05-31 SC229044 bus:RegisteredOffice 2023-06-01 2024-05-31 SC229044 core:WithinOneYear 2024-05-31 SC229044 core:AfterOneYear 2024-05-31 SC229044 1 2023-06-01 2024-05-31 SC229044 bus:Director1 2023-06-01 2024-05-31 SC229044 bus:Director1 2024-05-31 SC229044 bus:Director1 2022-06-01 2023-05-31 SC229044 2022-06-01 SC229044 bus:CompanySecretary1 2023-06-01 2024-05-31 SC229044 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 SC229044 2022-06-01 2023-05-31 SC229044 2023-05-31 SC229044 core:WithinOneYear 2023-05-31 SC229044 core:AfterOneYear 2023-05-31 SC229044 bus:EntityAccountantsOrAuditors 2022-06-01 2023-05-31 SC229044 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC229044 bus:OrdinaryShareClass1 2024-05-31 SC229044 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 SC229044 bus:OrdinaryShareClass1 2023-05-31 SC229044 core:PlantMachinery 2023-06-01 2024-05-31 SC229044 core:PlantMachinery 2024-05-31 SC229044 core:PlantMachinery 2023-05-31 SC229044 core:MotorCars 2023-06-01 2024-05-31 SC229044 core:MotorCars 2024-05-31 SC229044 core:MotorCars 2023-05-31 SC229044 core:FurnitureFittings 2023-06-01 2024-05-31 SC229044 core:FurnitureFittings 2024-05-31 SC229044 core:FurnitureFittings 2023-05-31 SC229044 core:ComputerEquipment 2023-06-01 2024-05-31 SC229044 core:ComputerEquipment 2024-05-31 SC229044 core:ComputerEquipment 2023-05-31 SC229044 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-05-31 SC229044 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-05-31 SC229044 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 SC229044 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 SC229044 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 SC229044 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 SC229044 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 SC229044 core:Non-currentFinancialInstruments 2024-05-31 SC229044 core:Non-currentFinancialInstruments 2023-05-31 SC229044 core:ShareCapital 2024-05-31 SC229044 core:ShareCapital 2023-05-31 SC229044 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC229044 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC229044 dpl:Item1 2023-06-01 SC229044 dpl:Item1 2024-05-31 SC229044 dpl:Item1 2022-06-01 SC229044 dpl:Item1 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC229044
Scotland

 

 

 

AIR COMPRESSOR SERVICES (SCOTLAND) LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Stuart Dunn
Registered Number SC229044
Registered Office Unit 12
Crompton Road, Southfield Industrial Estate
Glenrothes
Fife
KY6 2SF
Accountants M & S Accountancy and Taxation
Unit 26, Dunfermline Business Centre
Izatt Avenue
Dunfermline
Fife
KY11 3BZ
Secretary Lorraine Bathgate
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 75,383    75,233 
75,383    75,233 
Current assets      
Stocks 4 25,542    71,439 
Debtors 5 164,634    97,282 
Cash at bank and in hand 186,877    245,028 
377,053    413,749 
Creditors: amount falling due within one year 6 (268,803)   (308,794)
Net current assets 108,250    104,955 
 
Total assets less current liabilities 183,633    180,188 
Creditors: amount falling due after more than one year 7   (1,208)
Provisions for liabilities 8 (18,846)   (14,294)
Net assets 164,787    164,686 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 164,687    164,586 
Shareholders' funds 164,787    164,686 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 25 February 2025 and were signed by:


-------------------------------
Stuart Dunn
Director
2
General Information
Air Compressor Services (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC229044, registration address Unit 12, Crompton Road, Southfield Industrial Estate, Glenrothes, Fife, KY6 2SF.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts. Turnover is recognised on the accruals basis.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The companys liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Employees


Average number of employees during the year was 4 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 June 2023 101,062    93,270    1,076    4,327    199,735 
Additions   25,380      551    25,931 
Disposals (13,195)       (340)   (13,535)
At 31 May 2024 87,867    118,650    1,076    4,538    212,131 
Depreciation
At 01 June 2023 55,207    64,970    1,015    3,313    124,505 
Charge for year 9,580    8,120    16    309    18,025 
On disposals (5,537)       (245)   (5,782)
At 31 May 2024 59,250    73,090    1,031    3,377    136,748 
Net book values
Closing balance as at 31 May 2024 28,617    45,560    45    1,161    75,383 
Opening balance as at 01 June 2023 45,855    28,302    61    1,015    75,233 


4.

Stocks

2024
£
  2023
£
Finished Goods 25,542    71,439 
25,542    71,439 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 157,214    89,831 
Provision for Doubtful Debts (7,960)   (2,656)
Prepayments & Accrued Income 15,380    6,403 
VAT   3,704 
164,634    97,282 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 131,420    168,862 
Bank Loans & Overdrafts 856    6,820 
Corporation Tax 2,884    10,157 
PAYE & Social Security 978    521 
Accrued Expenses 6,724    17,661 
Other Creditors 22,195    21,752 
Directors' Current Accounts 101,021    83,021 
VAT 2,725   
268,803    308,794 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts   1,208 
  1,208 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 18,846    14,294 
18,846    14,294 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

10.

Director’s loan

Key Management Personnel

Amounts owed to directors  
£
Ian Wallace 44,950 
Mark Doey
44,956 

3