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REGISTERED NUMBER: SC418650 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Service Directory Ltd.

The Service Directory Ltd. (Registered number: SC418650)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Service Directory Ltd.

Company Information
for the Year Ended 31 December 2024







DIRECTOR: G Maitles





REGISTERED OFFICE: 10 Seaward Place
Centurion Business Park
Glasgow
G41 1HH





REGISTERED NUMBER: SC418650 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

The Service Directory Ltd. (Registered number: SC418650)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,030 43,407
Investments 5 1,096 5,293
43,126 48,700

CURRENT ASSETS
Stocks 6,228 24,689
Debtors 6 892,155 796,159
Cash at bank 1,173,403 1,447,860
2,071,786 2,268,708
CREDITORS
Amounts falling due within one year 7 346,023 837,660
NET CURRENT ASSETS 1,725,763 1,431,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,768,889

1,479,748

PROVISIONS FOR LIABILITIES 10,507 10,852
NET ASSETS 1,758,382 1,468,896

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,758,381 1,468,895
1,758,382 1,468,896

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

The Service Directory Ltd. (Registered number: SC418650)

Balance Sheet - continued
31 December 2024


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 director and authorised for issue on 25 June 2025 and were signed by:





G Maitles - Director


The Service Directory Ltd. (Registered number: SC418650)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Service Directory 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.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

The Service Directory Ltd. (Registered number: SC418650)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 62,390
Additions 15,852
Disposals (9,090 )
At 31 December 2024 69,152
DEPRECIATION
At 1 January 2024 18,983
Charge for year 14,219
Eliminated on disposal (6,080 )
At 31 December 2024 27,122
NET BOOK VALUE
At 31 December 2024 42,030
At 31 December 2023 43,407

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.24 31.12.23
£    £   
Other Investments 1,096 5,293

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 295,673 450,369
Other debtors 596,482 345,790
892,155 796,159

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 251,240 711,281
Taxation and social security 73,015 123,739
Other creditors 21,768 2,640
346,023 837,660

The Service Directory Ltd. (Registered number: SC418650)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 16,500 16,500
Between one and five years 11,000 27,500
27,500 44,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
G Maitles
Balance outstanding at start of year (142 ) 34,563
Amounts advanced 147,914 174,646
Amounts repaid (7,560 ) (209,351 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 140,212 (142 )

This loan is subject to interest and is repayable on demand.

10. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £363,275 due from MSM Propco Ltd. This loan is interest free and repayable on demand.

Mr Gary Maitles has control over both The Service Directory Ltd and MSM Propco Ltd.