REGISTERED NUMBER: SC074409 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PAISLEY SECRETARIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C L Moir Grant

R R Robinson

Mrs G Graham

REGISTERED OFFICE:

Studio 3002

Mile End Mill

12 Seedhill Road

Paisley

PA1 1JS

REGISTERED NUMBER:

SC074409 (Scotland)

ACCOUNTANTS:

John M Taylor & Co

Chartered Accountants

9 Glasgow Road

PAISLEY

Renfrewshire

PA1 3QS

FIXED ASSETS

14,110

Intangible assets

4

9,130

12,945

Tangible assets

5

5,812

27,055

14,942

CURRENT ASSETS

1,468,848

Debtors

6

1,372,112

642,270

Cash at bank and in hand

397,272

2,111,118

1,769,384

CREDITORS

1,247,657

Amounts falling due within one year

7

887,755

863,461

NET CURRENT ASSETS

881,629

890,516

TOTAL ASSETS LESS CURRENT LIABILITIES

896,571

CREDITORS

-

Amounts falling due after more than one year

8

(2,075

)

(1,833

)

PROVISIONS FOR LIABILITIES

(302

)

888,683

NET ASSETS

894,194

CAPITAL AND RESERVES

200,000

Called up share capital

11

200,000

73,200

Share premium

73,200

615,483

Retained earnings

620,994

888,683

SHAREHOLDERS' FUNDS

894,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

Mrs C L Moir Grant - Director

1.	STATUTORY INFORMATION

Paisley Secretarial 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, and represents amounts receivable for services provided in the normal course of business, net of discounts and VAT.

Turnover arising from temporary placements is recognised over the period that temporary staff are provided. The company acts as a principal and turnover represents the amounts billed for the services of temporary staff, including the salary costs of those staff.

Turnover arising from the placement of permanent candidates is recognised at the time the candidate commences full-time employment. Provision is made for the expected cost of meeting obligations where employees do not work for the specified contractual period.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost and 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Government grants

Grants are recognised in profit and loss on a systematic basis over the useful economic life of the asset.

Taxation

Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Debtors

Factored debtors are included on the balance sheet within debtors. The proceeds received from the factor are included as secured liabilities. Factoring charges are recognised as an expense in the period in which they accrue.

Basic Financial Instruments

Basic financial instruments are recognised at amortised cost. Financial assets and liabilties are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

14,940

AMORTISATION

At 1 January 2025

830

Charge for year

4,980

At 31 December 2025

5,810

NET BOOK VALUE

At 31 December 2025

9,130

At 31 December 2024

14,110

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Totals

fittings

equipment

£

£

£

COST

At 1 January 2025

56,658

20,929

35,729

Disposals

(15,963

)

-

(15,963

)

At 31 December 2025

40,695

20,929

19,766

DEPRECIATION

At 1 January 2025

43,713

16,070

27,643

Charge for year

7,134

1,215

5,919

Eliminated on disposal

(15,964

)

-

(15,964

)

At 31 December 2025

34,883

17,285

17,598

NET BOOK VALUE

At 31 December 2025

5,812

3,644

2,168

At 31 December 2024

12,945

4,859

8,086

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

658,581

751,082

Amounts owed by group undertakings

688,781

688,681

Other debtors

24,750

29,085

1,372,112

1,468,848

All trade debtors are factored.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

5,495

7,735

Trade creditors

2,312

1,157

Taxation and social security

580,246

921,741

Other creditors

299,702

317,024

887,755

1,247,657

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other creditors

2,075

-

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

15,556

25,179

Between one and five years

9,090

21,080

24,646

46,259

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdrafts

5,495

7,735

There is a floating charge over the whole of the property, assets and rights (including uncalled capital) which are or may from time to time while this charge is in force be comprised in the property and undertaking of the company in favour of Clydesdale Bank PLC.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

200,000

Ordinary

£1

200,000

200,000

12.	ULTIMATE CONTROLLING PARTY