For the financial year ended 31 May 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Paisley Joinery Services 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.

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Turnover represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods.

The company holds cryptocurrency assets that meet the definition of an intangible asset under IAS 38, as they are identifiable, non‑monetary assets without physical substance and are separable from the company’s operations. Accordingly, it is accounted for as an intangible asset.

Initial Measurement

Cryptocurrency is initially recognised at cost, which comprises the purchase price and any directly attributable transaction costs.

Subsequent Measurement

The company has determined that its cryptocurrency holdings have an indefinite useful life, as there is no foreseeable limit to the period over which the assets are expected to generate economic benefits.

Accordingly:

-The assets are not amortised.

-They are measured at cost less accumulated impairment losses.

The company assesses at each reporting date whether there is any indication that the cryptocurrency may be impaired. If such indicators exist, the recoverable amount is estimated and an impairment loss is recognised where the carrying amount exceeds recoverable amount.

Impairment

Impairment losses are recognised in profit or loss. Impairment losses are not reversed in subsequent periods for intangible assets with indefinite useful lives.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Classification

The company holds physical gold and silver as current asset investments. These assets are acquired principally for the purpose of realising short‑term gains or for liquidity management. They do not meet the definition of cash equivalents and are therefore presented as other current investments.

Measurement

Gold and silver investments are measured at cost, being the purchase price plus directly attributable acquisition costs.

The company assesses these assets for impairment at each reporting date. Where the carrying amount exceeds estimated net realisable value, an impairment loss is recognised in profit or loss.

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

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.

The average monthly number of persons (including directors) employed by the company during the year was: