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Company Registration No. SC746790 (Scotland)
GAZTEC SERVICES LTD Unaudited accounts for the year ended 31 October 2024
GAZTEC SERVICES LTD Unaudited accounts Contents
Page
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GAZTEC SERVICES LTD Company Information for the year ended 31 October 2024
Directors
Brian Paterson Ross Paterson Fiona Paterson
Company Number
SC746790 (Scotland)
Registered Office
33 NEWMARKET STREET AYR KA7 1LL SCOTLAND
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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GAZTEC SERVICES LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,658 
58,744 
Current assets
Inventories
4,683 
4,257 
Debtors
24,696 
43,024 
Cash at bank and in hand
13,120 
3,784 
42,499 
51,065 
Creditors: amounts falling due within one year
(11,464)
(1,445)
Net current assets
31,035 
49,620 
Total assets less current liabilities
78,693 
108,364 
Creditors: amounts falling due after more than one year
(55,021)
(92,775)
Net assets
23,672 
15,589 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,572 
15,489 
Shareholders' funds
23,672 
15,589 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by
Brian Paterson Director Company Registration No. SC746790
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GAZTEC SERVICES LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
GAZTEC SERVICES LTD is a private company, limited by shares, registered in Scotland, registration number SC746790. The registered office is 33 NEWMARKET STREET, AYR, KA7 1LL, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25& reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
40,875 
37,450 
78,325 
Additions
4,800 
- 
4,800 
At 31 October 2024
45,675 
37,450 
83,125 
Depreciation
At 1 November 2023
10,219 
9,362 
19,581 
Charge for the year
8,864 
7,022 
15,886 
At 31 October 2024
19,083 
16,384 
35,467 
Net book value
At 31 October 2024
26,592 
21,066 
47,658 
At 31 October 2023
30,656 
28,088 
58,744 
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GAZTEC SERVICES LTD Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,718 
Trade debtors
1,852 
18,462 
Other debtors
22,844 
22,844 
24,696 
43,024 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,654 
- 
Taxes and social security
5,610 
245 
Accruals
1,200 
1,200 
11,464 
1,445 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,140 
11,758 
Obligations under finance leases and hire purchase contracts
48,839 
64,866 
Loans from directors
42 
16,151 
55,021 
92,775 
8
Average number of employees
During the year the average number of employees was 4 (2023: 2).
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