REGISTERED NUMBER: SC239752 (Scotland)

Financial Statements for the Year Ended 28 February 2017

for

Aber Gas Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

P McCardel

H M Karatas

SECRETARY:

Mrs D L McCardel

REGISTERED OFFICE:

8A Carron Place

Kelvin Industrial Estate

East Kilbride

Glasgow

G75 0YL

REGISTERED NUMBER:

SC239752 (Scotland)

ACCOUNTANTS:

IDS and Co

Chartered Accountants

38 Beansburn

Kilmarnock

Ayrshire

KA3 1RL

FIXED ASSETS

Tangible assets

4

703,856

571,412

CURRENT ASSETS

Stocks

14,797

12,386

Debtors

5

85,047

84,876

Cash at bank and in hand

77,670

68,082

177,514

165,344

CREDITORS

Amounts falling due within one year

6

265,254

228,814

NET CURRENT LIABILITIES

(87,740

)

(63,470

)

TOTAL ASSETS LESS CURRENT LIABILITIES

616,116

507,942

CREDITORS

Amounts falling due after more than one year

7

(224,587

)

(156,044

)

PROVISIONS FOR LIABILITIES

(96,752

)

(82,666

)

NET ASSETS

294,777

269,232

CAPITAL AND RESERVES

Called up share capital

9

80,000

80,000

Retained earnings

214,777

189,232

SHAREHOLDERS' FUNDS

294,777

269,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 28 August 2017 and were signed on its behalf by:

P McCardel - Director

1.	STATUTORY INFORMATION

Aber Gas 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 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.

The transition to FRS 102 has resulted in a small number of changes in accounting policies compared to those

used previously. Notes to the financial statements describes the effect the transition has had on opening equity

and profit for the comparative period.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives

from the provision of goods falling within the company's ordinary activities.

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 finance lease, over the lease term, whichever is the shorter.

Filling plant

-

4% on cost

-

25% reducing balance

Plant and machinery

-

25% reducing balance

-

6.67% on cost

-

20% on cost

Office equipment

-

25% on cost

Motor vehicles

-

25% reducing balance

Stock

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

moving items.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2016

185,161

962,043

1,147,204

Additions

-

249,168

249,168

At 28 February 2017

185,161

1,211,211

1,396,372

DEPRECIATION

At 1 March 2016

60,392

515,400

575,792

Charge for year

2,738

113,986

116,724

At 28 February 2017

63,130

629,386

692,516

NET BOOK VALUE

At 28 February 2017

122,031

581,825

703,856

At 29 February 2016

124,769

446,643

571,412

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

Plant and

machinery

etc

£

COST

At 1 March 2016

125,080

Additions

89,410

Transfer to ownership

(30,987

)

At 28 February 2017

183,503

DEPRECIATION

At 1 March 2016

54,895

Charge for year

24,613

Transfer to ownership

(18,440

)

At 28 February 2017

61,068

NET BOOK VALUE

At 28 February 2017

122,435

At 29 February 2016

70,185

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

69,886

69,071

Other debtors

15,161

15,805

85,047

84,876

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Bank loans and overdrafts

31,412

30,056

Hire purchase contracts

39,917

23,381

Trade creditors

74,671

54,750

Taxation and social security

35,660

52,924

Other creditors

83,594

67,703

265,254

228,814

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.17

29.2.16

£

£

Bank loans

11,056

43,824

Hire purchase contracts

55,500

25,455

Other creditors

158,031

86,765

224,587

156,044

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.17

29.2.16

£

£

Bank loans

42,468

73,880

HSBC Bank Plc hold a floating charge over the whole of the Company's undertaking and assets, and a Standard

security over Unit 2, 8a Carron Place, Kelvin Industrial Estate, East Kilbride, G75 0YL.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

29.2.16

value:

£

£

80,000

Ordinary

£1

80,000

80,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year Philip McCardel loaned the company £100,000 and was repaid £24,000. This leaves a balance

due by Aber Gas Services Ltd at 28 February 2017 of £114,450 (2016 - £38,450).

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2016 - £24,000) were paid to Philip McCardel.

12.	FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS102. The company transitioned to FRS102 on 1

March 2015.

Balance sheet at 29 February 2016

£

Equity under former UK GAAP

229,152

Increase in creditors due to holiday pay accrual

(5,405

)

Reduction in long term creditors due to Fair Value adjustment to long term loan

40,080

Restated equity under FRS 102

269,232

The following reproduces the text of the report prepared for the directors and members 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 Aber Gas Services Limited for the year ended 28 February 2017 which comprise the Profit and

Loss Account, Balance Sheet, 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 Aber Gas 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 Aber Gas Services Limited and state those matters that we have agreed to state to the Board of Directors of Aber Gas 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 Aber Gas 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 Aber Gas Services Limited. You consider that Aber Gas Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aber Gas 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.

IDS and Co

Chartered Accountants

38 Beansburn

Kilmarnock

Ayrshire

KA3 1RL

28 August 2017