Paterson Building Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC200088 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2019

for

Paterson Building Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Paterson

M Paterson

D Paterson

SECRETARY:

Mrs M C Paterson

REGISTERED OFFICE:

18 Avondhu Gardens

Bo'ness Road

Grangemouth

FK3 9BW

REGISTERED NUMBER:

SC200088 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Chartered Tax Advisers

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Tangible assets

4

1,616

1,377

Investment property

5

450,000

450,000

451,616

451,377

CURRENT ASSETS

Debtors

6

47,800

51,357

Cash at bank

167,974

158,353

215,774

209,710

CREDITORS

Amounts falling due within one year

7

31,540

55,608

NET CURRENT ASSETS

184,234

154,102

TOTAL ASSETS LESS CURRENT LIABILITIES

635,850

605,479

PROVISIONS FOR LIABILITIES

8,950

8,478

NET ASSETS

626,900

597,001

CAPITAL AND RESERVES

Called up share capital

100

100

Fair Value Reserve

8

(208,623

)

(208,623

)

Retained earnings

835,423

805,524

626,900

597,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 February 2020 and were signed on its behalf by:

W Paterson - Director

1.	STATUTORY INFORMATION

Paterson Building 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.

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.

Turnover

Gross rents received and receivable from properties are included in the profit and loss account on the basis that

credit is taken when rents fall due for payment. provision is made for any rents due not considered recoverable.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured

initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective

interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially

at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest

method.

Taxation

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

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.

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 deposits held with banks.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2018

8,333

6,605

14,938

Additions

-

832

832

At 30 September 2019

8,333

7,437

15,770

DEPRECIATION

At 1 October 2018

8,333

5,228

13,561

Charge for year

-

593

593

At 30 September 2019

8,333

5,821

14,154

NET BOOK VALUE

At 30 September 2019

-

1,616

1,616

At 30 September 2018

-

1,377

1,377

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2018

and 30 September 2019

450,000

NET BOOK VALUE

At 30 September 2019

450,000

At 30 September 2018

450,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Other debtors

47,800

51,357

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Taxation and social security

18,606

12,150

Other creditors

12,934

43,458

31,540

55,608

8.

RESERVES

Fair

Value

Reserve

£

At 1 October 2018

and 30 September 2019

(208,623

)

9.	RELATED PARTY DISCLOSURES