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Company Registration No. SC585342 (Scotland)
Pentland Electrics Ltd Unaudited accounts for the year ended 31 January 2023
Pentland Electrics Ltd Unaudited accounts Contents
Page
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Pentland Electrics Ltd Company Information for the year ended 31 January 2023
Directors
James Melville Victoria Melville
Company Number
SC585342 (Scotland)
Registered Office
27 Greenbank Park Edinburgh EH10 5SP
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Pentland Electrics Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,893 
62,135 
Current assets
Debtors
15,554 
25,481 
Cash at bank and in hand
21,569 
24,355 
37,123 
49,836 
Creditors: amounts falling due within one year
(54,700)
(35,123)
Net current (liabilities)/assets
(17,577)
14,713 
Total assets less current liabilities
38,316 
76,848 
Creditors: amounts falling due after more than one year
(37,600)
(40,883)
Net assets
716 
35,965 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
715 
35,964 
Shareholders' funds
716 
35,965 
For the year ending 31 January 2023 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 20 October 2023 and were signed on its behalf by
James Melville Director Company Registration No. SC585342
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Pentland Electrics Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Pentland Electrics Ltd is a private company, limited by shares, registered in Scotland, registration number SC585342. The registered office is 27 Greenbank Park, Edinburgh, EH10 5SP.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
2,069 
56,303 
2,815 
3,480 
64,667 
At 31 January 2023
2,069 
56,303 
2,815 
3,480 
64,667 
Depreciation
At 1 February 2022
310 
649 
703 
870 
2,532 
Charge for the year
176 
5,594 
211 
261 
6,242 
At 31 January 2023
486 
6,243 
914 
1,131 
8,774 
Net book value
At 31 January 2023
1,583 
50,060 
1,901 
2,349 
55,893 
At 31 January 2022
1,759 
55,654 
2,112 
2,610 
62,135 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,554 
25,481 
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Pentland Electrics Ltd Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,460 
4,623 
Proposed dividends
35,500 
30,500 
Loans from directors
3,600 
- 
Accruals
12,140 
- 
54,700 
35,123 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
37,600 
40,883 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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