Company registration number 13300280 (England and Wales)
SITE AID SERVICES LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
SITE AID SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SITE AID SERVICES LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
28 February 2025
31 March 2024
Notes
£
£
£
£
Current assets
Debtors
3
106,865
317
Cash at bank and in hand
950
499
107,815
816
Creditors: amounts falling due within one year
4
(103,153)
(14,774)
Net current assets/(liabilities)
4,662
(13,958)
Capital and reserves
Called up share capital
5
100
1
Profit and loss reserves
4,562
(13,959)
Total equity
4,662
(13,958)
For the financial period ended 28 February 2025 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 of its financial statements for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 25 June 2025 and are signed on its behalf by:
Miss D Thompson
Director
Company registration number 13300280 (England and Wales)
SITE AID SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information
Site Aid Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 101 Admirals House, Gisors Road, Milton, Portsmouth, Hampshire, PO4 8GY.
1.1
Reporting period
The current reporting period is for 11 months ending 28 February 2025, due to a change in the company's financial year. The prior period is for 12 months, ending 31 March 2024. Due to this change, the comparative figures presented may not be entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover represents amounts receivable for services provided in the normal course of business net of VAT and trade discount.
Revenue is recognised over the period when, and to the extent that, the company obtains the rights to consideration in exchange for service provided.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
SITE AID SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2025
2024
Number
Number
Total
2
1
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
106,814
Corporation tax recoverable
317
Amounts owed by group undertakings
51
106,865
317
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
16,349
3,400
Corporation tax
2,367
Other taxation and social security
4,669
Other creditors
79,768
11,374
103,153
14,774
SITE AID SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 4 -
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
51
1
51
1
Ordinary A of £1 each
49
0
49
100
1
100
1
During the period 99 Ordinary shares of £1 were issued and fully paid, of which 49 were reclassified as Ordinary A shares.
6
Related party transactions
Transactions with related parties
During the period the company entered into the following transactions with related parties:
Included in creditors amounts falling due within one year, is an amount of £1,867 due to Optima Site Solutions Ltd, another subsidiary of the same group.
Included in creditors amount falling due within one year, is an amount £7,792 due to OSS Group Holdings Ltd, the parent company of the group.
7
Directors' transactions
Dividends totalling £5,244 (2024 - £0) were paid in the period in respect of shares held by the company's directors.
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Directors
-
9,374
(9,374)
-
9,374
(9,374)
-
8
Parent company
The ultimate parent company is OSS group Holdings Limited, who's registered office is Unit 5 Kingsway Business Park, Oldfield Road, Hampton, Middlesex, United Kingdom, TW12 2HD. This is by virtue of their 51% ownership of the issued share capital of Site Aid Services Ltd.