PREAH Building Services Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC478089 (Scotland)

Unaudited Financial Statements

For The Period 30 May 2022 to 30 November 2022

for

PREAH Building Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

G W Savage

C Brown

N T Hutchinson

REGISTERED OFFICE:

Campbell House First Floor

Greenside Road

M8 Central Business Park

Newhouse

ML1 5FL

REGISTERED NUMBER:

SC478089 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

59,124

76,545

CURRENT ASSETS

Stocks

57,200

5,500

Debtors

5

1,626,429

1,617,677

Cash at bank and in hand

502,705

288,047

2,186,334

1,911,224

CREDITORS

Amounts falling due within one year

6

1,566,929

1,938,251

NET CURRENT ASSETS/(LIABILITIES)

619,405

(27,027

)

TOTAL ASSETS LESS CURRENT LIABILITIES

678,529

49,518

CREDITORS

Amounts falling due after more than one year

7

(367,025

)

(161,135

)

PROVISIONS FOR LIABILITIES

8

(7,632

)

-

NET ASSETS/(LIABILITIES)

303,872

(111,617

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

303,772

(111,717

)

303,872

(111,617

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2022 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 and authorised for issue on 8 June 2023 and were signed on its behalf by:

G W Savage - Director

1.	STATUTORY INFORMATION

PREAH 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

Taxation

Taxation for the period 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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 67 (2022 - 67 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 30 May 2022

42,737

69,137

26,819

-

138,693

Additions

-

3,113

-

2,749

5,862

At 30 November 2022

42,737

72,250

26,819

2,749

144,555

DEPRECIATION

At 30 May 2022

25,968

29,475

6,705

-

62,148

Charge for period

6,047

11,933

5,028

275

23,283

At 30 November 2022

32,015

41,408

11,733

275

85,431

NET BOOK VALUE

At 30 November 2022

10,722

30,842

15,086

2,474

59,124

At 29 May 2022

16,769

39,662

20,114

-

76,545

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

29.5.22

£

£

Trade debtors

747,891

1,074,932

Other debtors

878,538

542,745

1,626,429

1,617,677

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

29.5.22

£

£

Bank loans and overdrafts

64,619

74,031

Trade creditors

871,398

919,095

Taxation and social security

88,833

79,403

Other creditors

542,079

865,722

1,566,929

1,938,251

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.22

29.5.22

£

£

Bank loans

367,025

161,135

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

232,639

-

8.	PROVISIONS FOR LIABILITIES

30.11.22

29.5.22

£

£

Deferred tax

7,632

-

Deferred

tax

£

Provided during period

7,632

Balance at 30 November 2022

7,632

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PREAH Building Services Limited for the period ended 30 November 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of PREAH Building Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PREAH Building Services Limited and state those matters that we have agreed to state to the Board of Directors of PREAH Building Services Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PREAH Building Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PREAH Building Services Limited. You consider that PREAH Building Services Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of PREAH Building Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

8 June 2023