Registered number
SC377973
PJ McDonald Ltd
Filleted Accounts
31 May 2023
PJ McDonald Ltd
Registered number: SC377973
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 30,568 37,274
Cash at bank and in hand 34,934 99,059
65,502 136,333
Creditors: amounts falling due within one year 4 (53,059) (75,412)
Net current assets 12,443 60,921
Net assets 12,443 60,921
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 11,443 59,921
Shareholders' funds 12,443 60,921
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P J McDonald
Director
Approved by the board on 22 November 2023
PJ McDonald Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are recognised at the rate of exchange ruling at the date of the transaction.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Trade debtors 30,568 37,274
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,641 6,141
Taxation and social security costs 47,491 53,037
Other creditors 1,927 16,234
53,059 75,412
5 Other information
PJ McDonald Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
272 Bath Street
Glasgow
G2 4JR
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