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REGISTERED NUMBER: SC079487 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

P T S LIMITED

P T S LIMITED (REGISTERED NUMBER: SC079487)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P T S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: T. L. Paterson
J H Lannigan
E N Lannigan





REGISTERED OFFICE: 22/23 Airdrie Business Centre
1 Chapel Lane
Airdrie
ML6 6GX





REGISTERED NUMBER: SC079487 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

P T S LIMITED (REGISTERED NUMBER: SC079487)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,264 4,332

CURRENT ASSETS
Debtors 5 91,211 83,641
Cash at bank and in hand 192,237 253,551
283,448 337,192
CREDITORS
Amounts falling due within one year 6 24,964 13,603
NET CURRENT ASSETS 258,484 323,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,748

327,921

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 261,648 327,821
SHAREHOLDERS' FUNDS 261,748 327,921

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





T. L. Paterson - Director


P T S LIMITED (REGISTERED NUMBER: SC079487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

P T S 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 represents commission receivable, excluding value added tax.

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 - not provided
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

P T S LIMITED (REGISTERED NUMBER: SC079487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 28,673 22,640 45,259 96,572
Additions - 235 - 235
Disposals - (713 ) - (713 )
At 31 July 2024 28,673 22,162 45,259 96,094
DEPRECIATION
At 1 August 2023 28,573 19,658 44,009 92,240
Charge for year - 1,276 - 1,276
Eliminated on disposal - (686 ) - (686 )
At 31 July 2024 28,573 20,248 44,009 92,830
NET BOOK VALUE
At 31 July 2024 100 1,914 1,250 3,264
At 31 July 2023 100 2,982 1,250 4,332

5. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 82,367 66,145
VAT 2,733 3,115
Deferred tax asset 4,374 4,956
Prepayments 1,632 9,425
91,106 83,641

Amounts falling due after more than one year:
Other debtors 105 -

Aggregate amounts 91,211 83,641

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts - 513
Trade creditors 4,446 4,198
Corporation tax (275 ) 5,454
Payroll taxation 701 (20,193 )
Directors' current accounts 10,646 16,820
Accrued charges 9,446 6,811
24,964 13,603

P T S LIMITED (REGISTERED NUMBER: SC079487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. DEFERRED TAX
£   
Balance at 1 August 2023 (4,956 )
Provided during year 582
Balance at 31 July 2024 (4,374 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is T. L. Paterson.