PESTGUARD SERVICES (SCOTLAND) LIMITED SC365094 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is disinfecting and exterminating services Digita Accounts Production Advanced 6.30.9574.0 true SC365094 2023-11-01 2024-10-31 SC365094 2024-10-31 SC365094 bus:OrdinaryShareClass1 2024-10-31 SC365094 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC365094 core:ShareCapital 2024-10-31 SC365094 core:CurrentFinancialInstruments 2024-10-31 SC365094 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 SC365094 core:Non-currentFinancialInstruments 2024-10-31 SC365094 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 SC365094 core:Goodwill 2024-10-31 SC365094 core:FurnitureFittingsToolsEquipment 2024-10-31 SC365094 core:LandBuildings 2024-10-31 SC365094 core:MotorVehicles 2024-10-31 SC365094 core:ParentEntities 2024-10-31 SC365094 bus:SmallEntities 2023-11-01 2024-10-31 SC365094 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC365094 bus:FullAccounts 2023-11-01 2024-10-31 SC365094 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 SC365094 bus:RegisteredOffice 2023-11-01 2024-10-31 SC365094 bus:Director1 2023-11-01 2024-10-31 SC365094 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 SC365094 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC365094 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 SC365094 core:ShareCapital 2023-11-01 2024-10-31 SC365094 core:Goodwill 2023-11-01 2024-10-31 SC365094 core:FurnitureFittings 2023-11-01 2024-10-31 SC365094 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 SC365094 core:LandBuildings 2023-11-01 2024-10-31 SC365094 core:LeaseholdImprovements 2023-11-01 2024-10-31 SC365094 core:MotorVehicles 2023-11-01 2024-10-31 SC365094 core:OfficeEquipment 2023-11-01 2024-10-31 SC365094 core:PlantMachinery 2023-11-01 2024-10-31 SC365094 core:ParentEntities 2023-11-01 2024-10-31 SC365094 countries:Scotland 2023-11-01 2024-10-31 SC365094 2023-10-31 SC365094 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC365094 core:ShareCapital 2023-10-31 SC365094 core:Goodwill 2023-10-31 SC365094 core:FurnitureFittingsToolsEquipment 2023-10-31 SC365094 core:LandBuildings 2023-10-31 SC365094 core:MotorVehicles 2023-10-31 SC365094 core:ParentEntities 2023-10-31 SC365094 2022-11-01 2023-10-31 SC365094 2023-10-31 SC365094 bus:OrdinaryShareClass1 2023-10-31 SC365094 core:CurrentFinancialInstruments 2023-10-31 SC365094 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 SC365094 core:Non-currentFinancialInstruments 2023-10-31 SC365094 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 SC365094 core:FurnitureFittingsToolsEquipment 2023-10-31 SC365094 core:LandBuildings 2023-10-31 SC365094 core:MotorVehicles 2023-10-31 SC365094 core:ParentEntities 2023-10-31 SC365094 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 SC365094 core:ShareCapital 2022-11-01 2023-10-31 SC365094 core:ParentEntities 2022-11-01 2023-10-31 SC365094 2022-10-31 SC365094 core:RetainedEarningsAccumulatedLosses 2022-10-31 SC365094 core:ShareCapital 2022-10-31 SC365094 core:ParentEntities 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC365094

PESTGUARD SERVICES (SCOTLAND) LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Contents

Director's Report

1

Profit and Loss Account

2

Statement of Comprehensive Income

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 14

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Director's Report for the Year Ended 31 October 2024

The director presents his report and the financial statements for the year ended 31 October 2024.

Director of the company

The director who held office during the year was as follows:

M J Taylor

Principal activity

The principal activity of the company is disinfecting and exterminating services


Statement of director's responsibilities
The director is responsible for preparing the annual report and the financial statements in accordance with
applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the
director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director
must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of
affairs of the company and of the profit or loss of the company for that period. In preparing these financial
statements, the director is required to:

• select suitable accounting policies and then apply them consistently;
• make judgements and accounting estimates that are reasonable and prudent;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the
company’s transactions and disclose with reasonable accuracy at any time the financial position of the company
and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also
responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 12 March 2025
 

.........................................
M J Taylor
Director

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Profit and Loss Account for the Year Ended 31 October 2024

Note

2024
£

2023
£

Turnover

 

1,145

408,229

Cost of sales

 

(79,033)

(240,793)

Gross (loss)/profit

 

(77,888)

167,436

Administrative expenses

 

(25,112)

(107,646)

Operating (loss)/profit

 

(103,000)

59,790

Interest payable and similar expenses

 

-

(2,923)

(Loss)/profit before tax

4

(103,000)

56,867

Tax on (loss)/profit

 

18,399

(13,202)

(Loss)/profit for the financial year

 

(84,601)

43,665

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Statement of Comprehensive Income for the Year Ended 31 October 2024

2024
£

2023
£

(Loss)/profit for the year

(84,601)

43,665

Total comprehensive income for the year

(84,601)

43,665

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

(Registration number: SC365094)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

-

44,272

Current assets

 

Stocks

7

-

1,500

Debtors

8

108,586

960,627

Cash at bank and in hand

 

276

18,236

 

108,862

980,363

Creditors: Amounts falling due within one year

9

(88,979)

(149,588)

Net current assets

 

19,883

830,775

Total assets less current liabilities

 

19,883

875,047

Creditors: Amounts falling due after more than one year

9

(13,333)

(43,823)

Provisions for liabilities

-

(5,073)

Net assets

 

6,550

826,151

Capital and reserves

 

Called up share capital

10

1

1

Retained earnings

6,549

826,150

Shareholders' funds

 

6,550

826,151

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 12 March 2025
 

.........................................
M J Taylor
Director

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Retained earnings
£

Total
£

At 1 November 2023

1

826,150

826,151

Loss for the year

-

(84,601)

(84,601)

Dividends

-

(735,000)

(735,000)

At 31 October 2024

1

6,549

6,550

Share capital
£

Retained earnings
£

Total
£

At 1 November 2022

1

782,485

782,486

Profit for the year

-

43,665

43,665

At 31 October 2023

1

826,150

826,151

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
24 St. James Street, Paisley
Scotland
PA3 2JR
United Kingdom

These financial statements were authorised for issue by the director on 12 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

10% Straightline

Plant and equipment

15% Reducing balance

Fixtures and fittings

15% Reducing balance

Computer equipment

33% Straightline

Motor vehicles

25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 11).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

-

9,769

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2023

350,000

350,000

Disposals

(350,000)

(350,000)

At 31 October 2024

-

-

Amortisation

At 1 November 2023

350,000

350,000

Amortisation eliminated on disposals

(350,000)

(350,000)

At 31 October 2024

-

-

Carrying amount

At 31 October 2024

-

-

6

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

18,982

518

62,899

82,399

Disposals

(18,982)

(518)

(62,899)

(82,399)

At 31 October 2024

-

-

-

-

Depreciation

At 1 November 2023

11,706

69

26,351

38,126

Eliminated on disposal

(11,706)

(69)

(26,351)

(38,126)

At 31 October 2024

-

-

-

-

Carrying amount

At 31 October 2024

-

-

-

-

At 31 October 2023

7,276

448

36,548

44,272

Included within the net book value of land and buildings above is £ (2023 - £7,276) in respect of long leasehold land and buildings.
 

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Stocks

2024
£

2023
£

Raw materials and consumables

-

1,500

8

Debtors

Current

2024
£

2023
£

Trade debtors

846

41,643

Other debtors

107,740

918,984

 

108,586

960,627

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

11

10,030

10,000

Trade creditors

 

-

16,683

Taxation and social security

 

62,234

90,692

Accruals and deferred income

 

-

2,200

Other creditors

 

16,715

30,013

 

88,979

149,588

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

11

13,333

43,823

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

       

11

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

13,333

43,823

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

Bank overdrafts

30

-

10,030

10,000

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

12

Dividends

2024

2023

£

£

 

 

13

Related party transactions

 

PESTGUARD SERVICES (SCOTLAND) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

-

9,500

Loans to related parties

2024

Parent
£

Total
£

At start of period

918,983

918,983

Repaid

(811,243)

(811,243)

At end of period

107,740

107,740

2023

Parent
£

Total
£

At start of period

868,486

868,486

Advanced

50,497

50,497

At end of period

918,983

918,983