Company Registration No. SC043835 (Scotland)
R. Pringle (Scotland) Limited
Unaudited accounts
for the year ended 31 December 2021
R. Pringle (Scotland) Limited
Statement of financial position
as at 31 December 2021
Tangible assets
7,133
9,171
Cash at bank and in hand
178,545
202,740
Creditors: amounts falling due within one year
(188,826)
(151,340)
Net current assets
24,393
101,251
Called up share capital
5,000
5,000
Profit and loss account
26,527
105,423
Shareholders' funds
31,527
110,423
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by
Ewan Robert Preston
Director
Company Registration No. SC043835
R. Pringle (Scotland) Limited
Notes to the Accounts
for the year ended 31 December 2021
R. Pringle (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC043835. The registered office is 55/57 James Watt Place, College Milton North, East Kilbride, G74 5HG.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
10% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2021
24,413
12,225
5,105
4,051
45,794
At 31 December 2021
24,413
12,225
5,105
4,051
45,794
At 1 January 2021
22,708
5,348
4,907
3,660
36,623
Charge for the year
171
1,719
20
128
2,038
At 31 December 2021
22,879
7,067
4,927
3,788
38,661
At 31 December 2021
1,534
5,158
178
263
7,133
At 31 December 2020
1,705
6,877
198
391
9,171
R. Pringle (Scotland) Limited
Notes to the Accounts
for the year ended 31 December 2021
5
Investments
Other investments
Valuation at 1 January 2021
1
Valuation at 31 December 2021
1
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
9,974
16,811
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
7,951
5,256
Taxes and social security
509
6,578
Loans from directors
177,516
137,731
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000
5,000
9
Average number of employees
During the year the average number of employees was 5 (2020: 5).