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Registered Number: SC679781
Scotland

 

 

 

PRECISION SPRAYBOOTH SERVICES LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

PRECISION SPRAYBOOTH SERVICES LTD
Contents Page
For the year ended 30 November 2024
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 November 2024.
Principal activities
Principal activity of the company during the financial year was of engineering services.
Directors
The directors who served the company throughout the year were as follows:
Paul Byrne (from 04/11/2020)
Christopher Rodgers (from 04/11/2020)
Robert Leslie Nicoll (from 05/08/2022)
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Paul Byrne
Director

Date approved: 30 November 2025
1
 

 		 Notes

 		 2024
£

   2023
£
(as restated)
Fixed assets      
Tangible fixed assets 3 57,695    61,698 
57,695    61,698 
Current assets      
Debtors 4 128,964    70,170 
Cash at bank and in hand 8,028    1,522 
136,992    71,692 
Creditors: amount falling due within one year 5 (139,909)   (88,174)
Net current assets (2,917)   (16,482)
 
Total assets less current liabilities 54,778    45,216 
Creditors: amount falling due after more than one year 6 (20,310)   (32,164)
Provisions for liabilities 7 (10,962)   (11,723)
Net assets 23,506    1,329 
 

Capital and reserves 		     
Called up share capital 8 100    100 
Profit and loss account 23,406    1,229 
Shareholders' funds 23,506    1,329 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 November 2025 and were signed on its behalf by:


-------------------------------
Paul Byrne
Director
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General Information
PRECISION SPRAYBOOTH SERVICES LTD is a private company, limited by shares, registered in Scotland, registration number SC679781, registration address 23 Field Street, GLASGOW SCOTLAND, Hamilton, ML3 6SB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 15% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 December 2023 11,245    62,622    73,867 
Additions 3,242    -    3,242 
Disposals -    -    - 
At 30 November 2024 14,487    62,622    77,109 
Depreciation
At 01 December 2023 2,396    9,773    12,169 
Charge for year 1,352    5,893    7,245 
On disposals -    -    - 
At 30 November 2024 3,748    15,666    19,414 
Net book values
Closing balance as at 30 November 2024 10,739    46,956    57,695 
Opening balance as at 01 December 2023 8,849    52,849    61,698 


4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 63,528    35,118 
PAYE & Social Security 597    597 
CIS Control Account 61,901    29,054 
Directors' Current Accounts 2,938    5,401 
128,964    70,170 

5.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 982    0 
Corporation Tax 64,107    29,164 
Accrued Expenses 3,286    2,836 
Obligations under HP/Financial Leases 11,854    11,854 
VAT 59,680    44,320 
139,909    88,174 

6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Obligations Under HP/Financial Leases 20,310    32,164 
20,310    32,164 

7.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 10,962    11,723 
10,962    11,723 

8.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£		   2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

3