Scientific Services (Paisley) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC039073

Scientific Services (Paisley) Limited

Filleted Unaudited Financial Statements

28 August 2024

Scientific Services (Paisley) Limited

Statement of Financial Position

28 August 2024

	28 Aug 24		30 Aug 23
Note	£	£	£

Current assets

Stocks		3,475	3,425
Debtors	4	40,635	33,139
		--------	--------
		44,110	36,564

Creditors: amounts falling due within one year	5	46,468		36,431
		--------		--------
Net current (liabilities)/assets			( 2,358)	133
			-------	----
Total assets less current liabilities			( 2,358)	133
			-------	----
Net (liabilities)/assets			( 2,358)	133
			-------	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 2,458)	33
	-------	----
Shareholders (deficit)/funds	( 2,358)	133
	-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 28 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

R Smith Esq
Director

Company registration number: SC039073

Scientific Services (Paisley) Limited

Notes to the Financial Statements

Period from 31 August 2023 to 28 August 2024

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 12a Forties Commercial Campus, Rosyth, Dunfermline, KY11 2XB, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

No significant judgements have been made by the director in preparing these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Equipment	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Debtors

	28 Aug 24	30 Aug 23
	£	£
Trade debtors	40,635	33,139
	--------	--------

5. Creditors: amounts falling due within one year

	28 Aug 24	30 Aug 23
	£	£
Bank loans and overdrafts	30,637	14,880
Trade creditors	5,234	9,366
Social security and other taxes	3,837	4,449
Other creditors	6,760	7,736
	--------	--------
	46,468	36,431
	--------	--------

6. Director's advances, credits and guarantees

During the period the director entered into the following advances and credits with the company:

	28 Aug 24
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
R Smith Esq	( 3,850)	( 774)	( 4,624)
	-------	----	-------

	30 Aug 23
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
R Smith Esq	( 2,888)	( 962)	( 3,850)
	-------	----	-------

7. Controlling party

The company was controlled throughout the year by Smith Brothers Marine Limited. Smith Brothers Marine Limited owns one hundred per cent of the issued share capital.