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Company Registration No. SC322418 (Scotland)
EMV Contract Services Limited Unaudited accounts for the year ended 31 March 2025
EMV Contract Services Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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EMV Contract Services Limited Company Information for the year ended 31 March 2025
Director
Edward McVey
Secretary
Elaine McVey
Company Number
SC322418 (Scotland)
Registered Office
33 Station Park Baillieston Glasgow G69 7XY
Accountants
Armet Accounting Ltd Room 31 Haypark Business Centre Polmont FK2 0NZ
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EMV Contract Services Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
5,986
6,426
Current assets
Debtors
5
52,452
14,544
Cash at bank and in hand
225,486
285,841
277,938
300,385
Creditors: amounts falling due within one year
6
(30,409)
(23,928)
Net current assets
247,529
276,457
Total assets less current liabilities
253,515
282,883
Provisions for liabilities
Deferred tax
(1,586)
(1,703)
Net assets
251,929
281,180
Capital and reserves
Called up share capital
1
1
Profit and loss account
251,928
281,179
Shareholders' funds
251,929
281,180
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2025 and were signed on its behalf by
Edward McVey Director Company Registration No. SC322418
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EMV Contract Services Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
EMV Contract Services Limited is a private company, limited by shares, registered in Scotland, registration number SC322418. The registered office is 33 Station Park, Baillieston, Glasgow, G69 7XY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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EMV Contract Services Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
4,998
21,264
26,262
Additions
1,015
-
1,015
At 31 March 2025
6,013
21,264
27,277
Depreciation
At 1 April 2024
3,159
16,677
19,836
Charge for the year
537
918
1,455
At 31 March 2025
3,696
17,595
21,291
Net book value
At 31 March 2025
2,317
3,669
5,986
At 31 March 2024
1,839
4,587
6,426
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
52,452
14,544
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
6,735
5,817
Taxes and social security
23,080
17,526
Accruals
594
585
30,409
23,928
7
Operating lease commitments
2025
2024
£
£
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,100
18,700
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Edward McVey
Director Loan
12,593
46,918
21,752
37,759
12,593
46,918
21,752
37,759
As at 31 March 2025, the company has advanced the director a total of £37,759 (2024: £12,593). Interest has been charged at a rate of 2.25% per annum on this loan.
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EMV Contract Services Limited Notes to the Accounts for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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