REGISTERED NUMBER: SC191652 (Scotland)

Financial Statements for the Year Ended 31 December 2024

for

Presserv Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L N Hermansson

SECRETARY:

LC Secretaries Ltd

REGISTERED OFFICE:

Johnstone House

52-54 Rose Street

Aberdeen

AB10 1HA

REGISTERED NUMBER:

SC191652 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Tangible assets

4

8,727

16,049

CURRENT ASSETS

Stocks

223,913

110,760

Debtors

5

393,978

178,985

Cash at bank

73,432

21,669

691,323

311,414

CREDITORS

Amounts falling due within one year

6

939,885

640,195

NET CURRENT LIABILITIES

(248,562

)

(328,781

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(239,835

)

(312,732

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(239,935

)

(312,832

)

(239,835

)

(312,732

)

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 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 23 September 2025 and were signed by:

T Medhus - Director

1.	STATUTORY INFORMATION

Presserv 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.

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.

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

-

20% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

42,938

DEPRECIATION

At 1 January 2024

26,889

Charge for year

7,322

At 31 December 2024

34,211

NET BOOK VALUE

At 31 December 2024

8,727

At 31 December 2023

16,049

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

292,410

155,141

Amounts owed by group undertakings

-

1,122

Other debtors

101,568

22,722

393,978

178,985

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

164,619

96,253

Amounts owed to group undertakings

700,160

477,704

Taxation and social security

62,611

54,554

Other creditors

12,495

11,684

939,885

640,195

7.	LEASING AGREEMENTS

Minimum payments due in relation to operating leases are £45,502 within one year, £128,104 between two and five years and £15,000 in over five years.

8.	RELATED PARTY DISCLOSURES

Loan balances owed to the parent company, Presserv AS, totalled £534,105 at 31 December 2024 (2023 - £419,105).

9.	ULTIMATE CONTROLLING PARTY

During the current and previous period the ultimate controlling party was Presserv AS, a company incorporated in Norway, by virtue of its 100% holding in the ordinary share capital of the company.. The registered address of Presserv AS is Auglendsmyrå 3, 4016 Stavanger, Norway.