REGISTERED NUMBER: SC276217 (Scotland)

A & C P G TECHNICAL SERVICES LTD.

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

A P Gilmour

Mrs C Gilmour

SECRETARY:

Mrs C Gilmour

REGISTERED OFFICE:

Redwood

19 Culduthel Road

Inverness

IV2 4AA

REGISTERED NUMBER:

SC276217 (Scotland)

ACCOUNTANTS:

MacKenzie Kerr Limited

Chartered Accountants

Redwood

19 Culduthel Road

Inverness

IV2 4AA

FIXED ASSETS

Tangible assets

4

6,191

7,680

CURRENT ASSETS

Debtors

5

25,861

33,984

Cash at bank

71,720

18,490

97,581

52,474

CREDITORS

Amounts falling due within one year

6

34,866

30,640

NET CURRENT ASSETS

62,715

21,834

TOTAL ASSETS LESS CURRENT LIABILITIES

68,906

29,514

PROVISIONS FOR LIABILITIES

7

1,151

1,278

NET ASSETS

67,755

28,236

CAPITAL AND RESERVES

Allotted, called up and

fully paid share capital

2

2

Retained earnings

- distributable

67,753

28,234

SHAREHOLDERS' FUNDS

67,755

28,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 12 April 2019 and were signed on its behalf by:

Mrs C Gilmour - Director

1.	STATUTORY INFORMATION

A & C P G Technical Services Ltd. 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents the net invoiced sales for services provided to the oil industry. 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on cost

Office equipment

-

20% on reducing balance

Fixed assets are stated at cost, being purchase price, less accumulated depreciation.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods. It is measured at the amount expected to be paid or recovered using the

tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial

statements of current and previous periods. It is recognised in respect of all timing differences, with certain

exceptions. Timing differences are differences between taxable profits and total comprehensive income as

stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by

the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on

revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and

allowances that apply to the sale of the assets.

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 expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2017

and 30 November 2018

12,937

28,008

6,364

47,309

DEPRECIATION

At 1 December 2017

7,426

28,008

4,195

39,629

Charge for year

1,029

-

460

1,489

At 30 November 2018

8,455

28,008

4,655

41,118

NET BOOK VALUE

At 30 November 2018

4,482

-

1,709

6,191

At 30 November 2017

5,511

-

2,169

7,680

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

25,861

33,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

-

1,467

Taxation and social security

26,160

20,887

Other creditors

8,706

8,286

34,866

30,640

Hire purchase agreements are secured over the assets to which they relate.

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

1,151

1,278

Deferred

tax

£

Balance at 1 December 2017

1,278

Credit to profit and loss

(127

)

account during year

Balance at 30 November 2018

1,151

The deferred tax balance consists of accelerated capital allowances.