IRIS Accounts Production v25.1.0.734 SC724069 director 1.3.24 28.2.25 28.2.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7240692024-02-29SC7240692025-02-28SC7240692024-03-012025-02-28SC7240692023-02-28SC7240692023-03-012024-02-29SC7240692024-02-29SC724069ns15:Scotland2024-03-012025-02-28SC724069ns14:PoundSterling2024-03-012025-02-28SC724069ns10:Director12024-03-012025-02-28SC724069ns10:PrivateLimitedCompanyLtd2024-03-012025-02-28SC724069ns10:SmallEntities2024-03-012025-02-28SC724069ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-28SC724069ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-28SC724069ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-28SC724069ns10:FullAccounts2024-03-012025-02-28SC72406912024-03-012025-02-28SC724069ns10:RegisteredOffice2024-03-012025-02-28SC724069ns5:CurrentFinancialInstruments2025-02-28SC724069ns5:CurrentFinancialInstruments2024-02-29SC724069ns5:ShareCapital2025-02-28SC724069ns5:ShareCapital2024-02-29SC724069ns5:RetainedEarningsAccumulatedLosses2025-02-28SC724069ns5:RetainedEarningsAccumulatedLosses2024-02-29SC724069ns5:IntangibleAssetsOtherThanGoodwill2024-03-012025-02-28SC724069ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-03-012025-02-28SC724069ns5:ComputerEquipment2024-03-012025-02-28SC724069ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-02-29SC724069ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2025-02-28SC724069ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-02-29SC724069ns5:ComputerEquipment2024-02-29SC724069ns5:ComputerEquipment2025-02-28SC724069ns5:ComputerEquipment2024-02-29SC724069ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-28SC724069ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-29SC7240691ns10:Director12024-02-29SC7240691ns10:Director12023-02-28SC7240691ns10:Director12024-03-012025-02-28SC7240691ns10:Director12023-03-012024-02-29SC7240691ns10:Director12025-02-28SC7240691ns10:Director12024-02-29
REGISTERED NUMBER: SC724069 (Scotland)















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Paratus Commercial Services Ltd

Paratus Commercial Services Ltd (Registered number: SC724069)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paratus Commercial Services Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTOR: Mr S J Johnson





REGISTERED OFFICE: 42 Queens Road
Aberdeen
AB15 4YE





REGISTERED NUMBER: SC724069 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Paratus Commercial Services Ltd (Registered number: SC724069)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 1,125
Tangible assets 5 845 451
1,845 1,576

CURRENT ASSETS
Debtors 6 12,320 18,048
Cash at bank 50,873 56,310
63,193 74,358
CREDITORS
Amounts falling due within one year 7 18,887 28,459
NET CURRENT ASSETS 44,306 45,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,151

47,475

PROVISIONS FOR LIABILITIES 172 100
NET ASSETS 45,979 47,375

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,879 47,275
45,979 47,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Paratus Commercial Services Ltd (Registered number: SC724069)

Balance Sheet - continued
28 February 2025


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 director and authorised for issue on 22 April 2025 and were signed by:





Mr S J Johnson - Director


Paratus Commercial Services Ltd (Registered number: SC724069)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Paratus Commercial Services Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Paratus Commercial Services Ltd (Registered number: SC724069)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
COST
At 1 March 2024
and 28 February 2025 1,250
AMORTISATION
At 1 March 2024 125
Amortisation for year 125
At 28 February 2025 250
NET BOOK VALUE
At 28 February 2025 1,000
At 29 February 2024 1,125

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2024 673
Additions 919
At 28 February 2025 1,592
DEPRECIATION
At 1 March 2024 222
Charge for year 525
At 28 February 2025 747
NET BOOK VALUE
At 28 February 2025 845
At 29 February 2024 451

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors - 8,520
Other debtors 12,320 9,528
12,320 18,048

Paratus Commercial Services Ltd (Registered number: SC724069)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors - 1,952
Taxation and social security 17,323 24,911
Other creditors 1,564 1,596
18,887 28,459

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25 29.2.24
£    £   
Mr S J Johnson
Balance outstanding at start of year (360 ) (270 )
Amounts advanced 360 270
Amounts repaid (360 ) (360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (360 ) (360 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S J Johnson.