Company Registration No. SC585083 (Scotland)
Prestige Floors Scotland Ltd
Unaudited accounts
for the year ended 31 January 2023
Prestige Floors Scotland Ltd
Unaudited accounts
Contents
Prestige Floors Scotland Ltd
Company Information
for the year ended 31 January 2023
Company Number
SC585083 (Scotland)
Registered Office
50 CAUSEYSIDE STREET
PAISLEY
PA1 1YW
UNITED KINGDOM
Accountants
McKinnon & Co Ltd ACPA
33 Newmarket Street
Ayr
Ayrshire
KA7 1LL
Prestige Floors Scotland Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
187,327
188,538
Cash at bank and in hand
13,930
12,608
Creditors: amounts falling due within one year
(168,469)
(160,658)
Net current liabilities
(137,405)
(132,183)
Total assets less current liabilities
49,922
56,355
Creditors: amounts falling due after more than one year
(28,716)
(11,925)
Called up share capital
1
1
Profit and loss account
21,205
44,429
Shareholders' funds
21,206
44,430
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 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 23 October 2023 and were signed on its behalf by
Karen Hill
Director
Company Registration No. SC585083
Prestige Floors Scotland Ltd
Notes to the Accounts
for the year ended 31 January 2023
Prestige Floors Scotland Ltd is a private company, limited by shares, registered in Scotland, registration number SC585083. The registered office is 50 CAUSEYSIDE STREET, PAISLEY, PA1 1YW, UNITED KINGDOM.
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
20 % reducing
Motor vehicles
20% reducing
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2022
85,000
33,864
110,926
17,818
247,608
Additions
-
-
17,560
1,667
19,227
At 31 January 2023
85,000
33,864
128,486
19,485
266,835
At 1 February 2022
-
16,413
39,093
3,564
59,070
Charge for the year
-
3,490
14,367
2,581
20,438
At 31 January 2023
-
19,903
53,460
6,145
79,508
At 31 January 2023
85,000
13,961
75,026
13,340
187,327
At 31 January 2022
85,000
17,451
71,833
14,254
188,538
Prestige Floors Scotland Ltd
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
7,249
Trade creditors
7,262
17,816
Taxes and social security
1,784
1,688
Loans from directors
159,423
133,905
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
21,467
11,925
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).