154 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP SC492076 2022-06-01 2023-05-31 SC492076 2023-05-31 SC492076 2021-06-01 2022-05-31 SC492076 2022-05-31 SC492076 bus:Director2 2022-06-01 2023-05-31 SC492076 core:WithinOneYear 2023-05-31 SC492076 core:WithinOneYear 2022-05-31 SC492076 core:ShareCapital 2023-05-31 SC492076 core:ShareCapital 2022-05-31 SC492076 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC492076 core:RetainedEarningsAccumulatedLosses 2022-05-31 SC492076 bus:SmallEntities 2022-06-01 2023-05-31 SC492076 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 SC492076 bus:AbridgedAccounts 2022-06-01 2023-05-31 SC492076 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 SC492076 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 SC492076 core:AllAssociates 2022-06-01 2023-05-31 SC492076 core:AllAssociates 2023-05-31
COMPANY REGISTRATION NUMBER: SC492076
Pringle Carluke Payroll Limited
Filleted Unaudited Abridged Financial Statements
For the year ended
31 May 2023
Pringle Carluke Payroll Limited
Abridged Financial Statements
Year ended 31 May 2023
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
3
Pringle Carluke Payroll Limited
Abridged Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Current assets
Debtors
50,451
122,034
Cash at bank and in hand
748,680
575,409
---------
---------
799,131
697,443
Creditors: amounts falling due within one year
645,169
538,641
---------
---------
Net current assets
153,962
158,802
---------
---------
Total assets less current liabilities
153,962
158,802
---------
---------
Net assets
153,962
158,802
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
153,862
158,702
---------
---------
Shareholders funds
153,962
158,802
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Pringle Carluke Payroll Limited
Abridged Statement of Financial Position (continued)
31 May 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 15 February 2024 , and are signed on behalf of the board by:
Mr J Pringle
Director
Company registration number: SC492076
Pringle Carluke Payroll Limited
Notes to the Abridged Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Garage Hamburg Cottages, Lawhill Road, Carluke, ML8 5HF, Scotland.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution pension plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 154 (2022: 156 ).
5. Related party transactions
The directors have an interest and are controlling shareholders of WM Pringle & Son Limited . This company pays for payroll services from Pringle Carluke Payroll Limited in the normal course of business, and at arm's length. The total invoiced in the year was £ 6,059,602 (22: £6,013,870) and the balance due is £ 50,351 (22: £50,691)