Company Registration No. SC317424 (Scotland)
SIGHT & SOUND PA & LIGHTING LTD
Unaudited accounts
for the year ended 28 February 2023
SIGHT & SOUND PA & LIGHTING LTD
Unaudited accounts
Contents
SIGHT & SOUND PA & LIGHTING LTD
Company Information
for the year ended 28 February 2023
Secretary
Lynsey Shankland
Company Number
SC317424 (Scotland)
Registered Office
1 HIGH BOXTON
AVONBRIDGE
FALKIRK
FK1 2JQ
SIGHT & SOUND PA & LIGHTING LTD
Statement of financial position
as at 28 February 2023
Tangible assets
9,865
13,153
Cash at bank and in hand
(50)
9,123
Creditors: amounts falling due within one year
(9,732)
(7,057)
Net current assets
1,088
2,066
Total assets less current liabilities
10,953
15,219
Creditors: amounts falling due after more than one year
(18,026)
(19,061)
Net liabilities
(7,073)
(3,842)
Called up share capital
2
2
Profit and loss account
(7,075)
(3,844)
Shareholders' funds
(7,073)
(3,842)
For the year ending 28 February 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 his 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 30 November 2023 and were signed on its behalf by
Greig Shankland
Director
Company Registration No. SC317424
SIGHT & SOUND PA & LIGHTING LTD
Notes to the Accounts
for the year ended 28 February 2023
SIGHT & SOUND PA & LIGHTING LTD is a private company, limited by shares, registered in Scotland, registration number SC317424. The registered office is 1 HIGH BOXTON, AVONBRIDGE, FALKIRK, FK1 2JQ.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
24,160
8,000
32,160
At 28 February 2023
24,160
8,000
32,160
At 1 March 2022
12,863
6,144
19,007
Charge for the year
2,824
464
3,288
At 28 February 2023
15,687
6,608
22,295
At 28 February 2023
8,473
1,392
9,865
At 28 February 2022
11,297
1,856
13,153
Amounts falling due after more than one year
SIGHT & SOUND PA & LIGHTING LTD
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,732
8,338
Taxes and social security
-
1,367
Loans from directors
-
(2,648)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).