Company Registration No. SC508829 (Scotland)
THE PASSENGER PRESS LIMITED
Unaudited accounts
for the year ended 30 June 2021
THE PASSENGER PRESS LIMITED
Unaudited accounts
Contents
THE PASSENGER PRESS LIMITED
Company Information
for the year ended 30 June 2021
Company Number
SC508829 (Scotland)
Registered Office
53 BOTHWELL STREET
GLASGOW
G2 6TS
SCOTLAND
Accountants
Avid Accountants Ltd
21 Blythswood Square
Glasgow
G2 4BL
THE PASSENGER PRESS LIMITED
Accountants' report
Accountants' report to the director of THE PASSENGER PRESS LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 June 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
THE PASSENGER PRESS LIMITED for the year ended
30 June 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of THE PASSENGER PRESS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of THE PASSENGER PRESS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE PASSENGER PRESS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that THE PASSENGER PRESS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of THE PASSENGER PRESS LIMITED. You consider that THE PASSENGER PRESS 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 accounts of THE PASSENGER PRESS 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 accounts.
Avid Accountants Ltd
21 Blythswood Square
Glasgow
G2 4BL
25 August 2022
THE PASSENGER PRESS LIMITED
Statement of financial position
as at 30 June 2021
Cash at bank and in hand
31,577
12,335
Creditors: amounts falling due within one year
(19,345)
(13,344)
Net current assets
14,732
2,024
Called up share capital
1
1
Profit and loss account
20,631
2,143
Shareholders' funds
20,632
2,144
For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2022 and were signed on its behalf by
Rhian Nicholas
Director
Company Registration No. SC508829
THE PASSENGER PRESS LIMITED
Notes to the Accounts
for the year ended 30 June 2021
THE PASSENGER PRESS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC508829. The registered office is 53 BOTHWELL STREET, GLASGOW, G2 6TS, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 June 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
THE PASSENGER PRESS LIMITED
Notes to the Accounts
for the year ended 30 June 2021
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
3,066
857
Loans from directors
15,019
12,037
7
Average number of employees
During the year the average number of employees was 1 (2020: 1).