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

REGISTERED NUMBER: SC472522 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Tekserv PD Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

P D Rennie

REGISTERED OFFICE:

Blackhouse Circle

Blackhouse Industrial Estate

Peterhead

Aberdeenshire

AB42 1BN

REGISTERED NUMBER:

SC472522 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

69,662

57,553

CURRENT ASSETS

Debtors

5

42,105

46,162

Cash at bank and in hand

52,932

46,676

95,037

92,838

CREDITORS

Amounts falling due within one year

6

95,869

113,710

NET CURRENT LIABILITIES

(832

)

(20,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

68,830

36,681

CREDITORS

Amounts falling due after more than one year

7

(11,192

)

-

PROVISIONS FOR LIABILITIES

(3,112

)

(203

)

NET ASSETS

54,526

36,478

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

54,525

36,477

54,526

36,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 November 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 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.

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 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

£

£

£

COST

At 1 April 2017

39,450

4,810

3,352

Additions

-

-

854

At 31 March 2018

39,450

4,810

4,206

DEPRECIATION

At 1 April 2017

789

96

670

Charge for year

789

96

707

Eliminated on disposal

-

-

-

At 31 March 2018

1,578

192

1,377

NET BOOK VALUE

At 31 March 2018

37,872

4,618

2,829

At 31 March 2017

38,661

4,714

2,682

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2017

19,500

4,496

71,608

Additions

23,790

4,364

29,008

Disposals

(19,500

)

-

(19,500

)

At 31 March 2018

23,790

8,860

81,116

DEPRECIATION

At 1 April 2017

11,288

1,212

14,055

Charge for year

5,948

1,147

8,687

Eliminated on disposal

(11,288

)

-

(11,288

)

At 31 March 2018

5,948

2,359

11,454

NET BOOK VALUE

At 31 March 2018

17,842

6,501

69,662

At 31 March 2017

8,212

3,284

57,553

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

Motor

vehicles

£

COST

Additions

23,790

At 31 March 2018

23,790

DEPRECIATION

Charge for year

5,948

At 31 March 2018

5,948

NET BOOK VALUE

At 31 March 2018

17,842

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

21,004

43,778

Amounts recoverable on contract

18,537

971

Other debtors

2,564

1,413

42,105

46,162

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

4,198

-

Trade creditors

16,494

11,876

Taxation and social security

7,438

10,987

Other creditors

67,739

90,847

95,869

113,710

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

11,192

-

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

Date: .............................................