Corstorphine Gas Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC590967

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		93,192		103,523

			93,192		103,523
CURRENT ASSETS
Stocks	5	52,000		72,000
Debtors	6	93,403		424,770
Cash at bank and in hand		352,908		341,740

		498,311		838,510
Creditors: Amounts Falling Due Within One Year	7	(385,022 )		(371,985 )

NET CURRENT ASSETS (LIABILITIES)			113,289		466,525

TOTAL ASSETS LESS CURRENT LIABILITIES			206,481		570,048

Creditors: Amounts Falling Due After More Than One Year	8		(43,241 )		(68,885 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,706 )		(19,669 )

NET ASSETS			145,534		481,494

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			145,434		481,394

SHAREHOLDERS' FUNDS			145,534		481,494

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Corstorphine Gas Services Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Lewis Page

Director

28/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Corstorphine Gas Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC590967 . The registered office is 100f Saughton Road North, Edinburgh, EH12 7JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2024: 17)

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Corstorphine Gas Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	4,115	160,587	14,224	178,926
Additions	-	25,002	2,488	27,490
Disposals	-	(12,795 )	-	(12,795 )

As at 31 March 2025	4,115	172,794	16,712	193,621

Depreciation
As at 1 April 2024	1,858	69,843	3,702	75,403
Provided during the period	564	27,137	2,923	30,624
Disposals	-	(5,598 )	-	(5,598 )

As at 31 March 2025	2,422	91,382	6,625	100,429

Net Book Value
As at 31 March 2025	1,693	81,412	10,087	93,192

As at 1 April 2024	2,257	90,744	10,522	103,523

5. Stocks

	2025	2024
	£	£
Materials	20,000	20,000
Work in progress	32,000	52,000

	52,000	72,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	67,858	66,127
Other debtors	8,545	6,630

	76,403	72,757
Due after more than one year
Other debtors	17,000	352,013

	93,403	424,770

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	22,140	20,141
Trade creditors	148,307	76,632
Bank loans and overdrafts	10,000	11,333
Other creditors	74,522	143,777
Taxation and social security	130,053	120,102

	385,022	371,985

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Corstorphine Gas Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	40,741	56,385
Bank loans	2,500	12,500

	43,241	68,885

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	22,140	20,141
Later than one year and not later than five years	40,741	56,385

	62,881	76,526

	62,881	76,526

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr Lewis Page by virtue of his ownership of 100% of the issued share capital in LJP Holdings Limited, which has 100% ownership of the company.

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