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REGISTERED NUMBER: SC649619 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PROCAST ENERGY SERVICES LTD

PROCAST ENERGY SERVICES LTD (REGISTERED NUMBER: SC649619)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROCAST ENERGY SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: D D Innes



REGISTERED OFFICE: 4 Alness Street
Hamilton
ML3 6RU



REGISTERED NUMBER: SC649619 (Scotland)



ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG



BANKERS: Royal Bank of Scotland

PROCAST ENERGY SERVICES LTD (REGISTERED NUMBER: SC649619)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 5,350 -
Tangible assets 5 3,109 2,917
8,459 2,917

CURRENT ASSETS
Stocks - 107,215
Debtors 6 3,210,805 996,768
Cash at bank 2,351 -
3,213,156 1,103,983
CREDITORS
Amounts falling due within one year 7 2,995,340 1,130,750
NET CURRENT ASSETS/(LIABILITIES) 217,816 (26,767 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,275

(23,850

)

CREDITORS
Amounts falling due after more than one
year

8

206,637

10,000
NET ASSETS/(LIABILITIES) 19,638 (33,850 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,538 (33,950 )
19,638 (33,850 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

PROCAST ENERGY SERVICES LTD (REGISTERED NUMBER: SC649619)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 July 2025 and were signed by:





D D Innes - Director


PROCAST ENERGY SERVICES LTD (REGISTERED NUMBER: SC649619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Procast Energy 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

PROCAST ENERGY SERVICES LTD (REGISTERED NUMBER: SC649619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 18 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 5,350
At 31 March 2025 5,350
NET BOOK VALUE
At 31 March 2025 5,350

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 8,971
Additions 1,195
At 31 March 2025 10,166
DEPRECIATION
At 1 April 2024 6,054
Charge for year 1,003
At 31 March 2025 7,057
NET BOOK VALUE
At 31 March 2025 3,109
At 31 March 2024 2,917

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 94,862 737,721
Amounts owed by associates 2,794,765 -
Other debtors 321,178 259,047
3,210,805 996,768

PROCAST ENERGY SERVICES LTD (REGISTERED NUMBER: SC649619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 181,933
Trade creditors 735,460 816,835
Amounts owed to associates 1,457,701 -
Tax 31 -
Social security and other taxes 96,954 50,874
Other creditors 280,510 15,729
Work in Progress 424,684 -
Accrued expenses - 65,379
2,995,340 1,130,750

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Amounts owed to associates 206,637 10,000