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REGISTERED NUMBER: SC384235 (Scotland)


















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Red Pest Control Limited

Red Pest Control Limited (Registered number: SC384235)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Red Pest Control Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G Mitchell





REGISTERED OFFICE: Riverside
Torr Road
Bridge of Weir
Renfrewshire
PA11 3BE





REGISTERED NUMBER: SC384235 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Red Pest Control Limited (Registered number: SC384235)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 27,000 36,000
Tangible assets 5 117,190 89,999
144,190 125,999

CURRENT ASSETS
Stocks 7,500 7,399
Debtors 6 136,415 125,441
Cash at bank 136,346 175,686
280,261 308,526
CREDITORS
Amounts falling due within one year 7 227,253 204,724
NET CURRENT ASSETS 53,008 103,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,198

229,801

CREDITORS
Amounts falling due after more than one
year

8

(121,036

)

(101,399

)

PROVISIONS FOR LIABILITIES (29,300 ) (22,400 )
NET ASSETS 46,862 106,002

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 46,861 106,001
46,862 106,002

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

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

Red Pest Control Limited (Registered number: SC384235)

Balance Sheet - continued
31 August 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





G Mitchell - Director


Red Pest Control Limited (Registered number: SC384235)

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

1. STATUTORY INFORMATION

Red Pest Control 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

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

Debtors
Trade and other debtors are recognised at the settlement amount due with appropriate allowances for
irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash in hand and held at bank.

Creditors
Trade and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.




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.

Red Pest Control Limited (Registered number: SC384235)

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

2. ACCOUNTING POLICIES - continued

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 90,000
AMORTISATION
At 1 September 2023 54,000
Charge for year 9,000
At 31 August 2024 63,000
NET BOOK VALUE
At 31 August 2024 27,000
At 31 August 2023 36,000

Red Pest Control Limited (Registered number: SC384235)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 138,549
Additions 74,643
At 31 August 2024 213,192
DEPRECIATION
At 1 September 2023 48,550
Charge for year 47,452
At 31 August 2024 96,002
NET BOOK VALUE
At 31 August 2024 117,190
At 31 August 2023 89,999

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 124,767
Additions 56,645
At 31 August 2024 181,412
DEPRECIATION
At 1 September 2023 36,117
Charge for year 46,103
At 31 August 2024 82,220
NET BOOK VALUE
At 31 August 2024 99,192
At 31 August 2023 88,650

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 107,043 105,559
Other debtors 29,372 19,882
136,415 125,441

Red Pest Control Limited (Registered number: SC384235)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,598 10,847
Hire purchase contracts 48,335 27,745
Trade creditors 8,493 12,912
Taxation and social security 150,494 144,024
Other creditors 9,333 9,196
227,253 204,724

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 11,250 21,600
Hire purchase contracts 109,786 79,799
121,036 101,399

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 158,121 107,544

Hire purchase creditors are secured over the assets to which they relate.