Tekserv PD Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC472522 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Tekserv PD Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P D Rennie

REGISTERED OFFICE:

54 Broad Street

Peterhead

Aberdeenshire

AB42 1BX

REGISTERED NUMBER:

SC472522 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

71,302

69,662

CURRENT ASSETS

Debtors

5

43,417

42,105

Cash at bank and in hand

85,421

52,932

128,838

95,037

CREDITORS

Amounts falling due within one year

6

99,706

95,869

NET CURRENT ASSETS/(LIABILITIES)

29,132

(832

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100,434

68,830

CREDITORS

Amounts falling due after more than one year

7

(9,743

)

(11,192

)

PROVISIONS FOR LIABILITIES

(4,164

)

(3,112

)

NET ASSETS

86,527

54,526

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

86,526

54,525

86,527

54,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 23 December 2019 and were signed by:

P D Rennie - Director

1.	STATUTORY INFORMATION

Tekserv PD 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

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at

the end of each accounting period.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1 April 2018

39,450

4,810

4,206

At 31 March 2019

39,450

4,810

4,206

DEPRECIATION

At 1 April 2018

1,578

192

1,377

Charge for year

789

96

566

At 31 March 2019

2,367

288

1,943

NET BOOK VALUE

At 31 March 2019

37,083

4,522

2,263

At 31 March 2018

37,872

4,618

2,829

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2018

23,790

8,860

81,116

Additions

9,995

1,212

11,207

At 31 March 2019

33,785

10,072

92,323

DEPRECIATION

At 1 April 2018

5,948

2,359

11,454

Charge for year

6,959

1,157

9,567

At 31 March 2019

12,907

3,516

21,021

NET BOOK VALUE

At 31 March 2019

20,878

6,556

71,302

At 31 March 2018

17,842

6,501

69,662

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2018

23,790

Additions

9,995

At 31 March 2019

33,785

DEPRECIATION

At 1 April 2018

5,948

Charge for year

6,959

At 31 March 2019

12,907

NET BOOK VALUE

At 31 March 2019

20,878

At 31 March 2018

17,842

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

34,001

21,004

Amounts recoverable on contract

-

18,537

Other debtors

9,416

2,564

43,417

42,105

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

7,195

4,198

Trade creditors

14,125

16,494

Taxation and social security

21,901

7,438

Other creditors

56,485

67,739

99,706

95,869

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

9,743

11,192