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Financial Statements |
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for the Year Ended 31 December 2018 |
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for |
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PFS (Scotland) Limited |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 December 2018 |
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for |
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PFS (Scotland) Limited |
PFS (Scotland) Limited (Registered number: SC315373) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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PFS (Scotland) Limited |
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Company Information |
for the Year Ended 31 December 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
182 High Street |
Montrose |
ANGUS |
DD10 8PH |
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BANKERS: |
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PO Box 1000 |
BX2 1LB |
PFS (Scotland) Limited (Registered number: SC315373) |
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Balance Sheet |
31 December 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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PFS (Scotland) Limited (Registered number: SC315373) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2018 |
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1. | STATUTORY INFORMATION |
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PFS (Scotland) Limited is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The director has a reasonable expectation that the company has adequate resources to continue in operational existence |
for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the annual |
financial statements. |
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Turnover |
Turnover and profit on ordinary activities before taxation are attributable to offshore oil and gas logistics. |
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Tangible fixed assets |
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Computer equipment | - |
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Investment property |
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is |
recognised in profit or loss. |
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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. |
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Contracts for services |
Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is |
recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount |
of revenue included reflects of the accrual of the right to consideration as contract activity progresses by reference to |
value of the work performed. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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PFS (Scotland) Limited (Registered number: SC315373) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 January 2018 |
and 31 December 2018 |
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DEPRECIATION |
At 1 January 2018 |
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Charge for year |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2018 |
and 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Tax |
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Social security and other taxes |
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VAT | 10,317 | - |
Other creditors |
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Director's current account | 476 | 460 |
Accrued expenses |
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PFS (Scotland) Limited (Registered number: SC315373) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2018 and |
31 December 2017: |
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2018 | 2017 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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