Company Registration No. SC666761 (Scotland)
Family Payroll Ltd
Unaudited accounts
for the year ended 31 July 2023
Family Payroll Ltd
Unaudited accounts
Contents
Family Payroll Ltd
Company Information
for the year ended 31 July 2023
Company Number
SC666761 (Scotland)
Registered Office
2 Atholl View
Prestonpans
East Lothian
EH32 9FL
Accountants
GF Accountancy Services Ltd
4 Rowanhill Way
Port Seton
East Lothian
EH32 0SZ
Family Payroll Ltd
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
12,830
1,836
Creditors: amounts falling due within one year
(22,424)
(2,195)
Net current assets
479
246
Total assets less current liabilities
841
819
Creditors: amounts falling due after more than one year
(14,781)
(13,781)
Net liabilities
(13,940)
(12,962)
Called up share capital
2
2
Profit and loss account
(13,942)
(12,964)
Shareholders' funds
(13,940)
(12,962)
For the year ending 31 July 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 11 April 2024 and were signed on its behalf by
Pamela Cormack
Director
Company Registration No. SC666761
Family Payroll Ltd
Notes to the Accounts
for the year ended 31 July 2023
Family Payroll Ltd is a private company, limited by shares, registered in Scotland, registration number SC666761. The registered office is 2 Atholl View, Prestonpans, East Lothian , EH32 9FL.
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:
Computer equipment
33% Straight Line
4
Tangible fixed assets
Total
Family Payroll Ltd
Notes to the Accounts
for the year ended 31 July 2023
5
Transactions with related parties
At the start of the year the company was under the control of Ms P Cormack and Mrs K Grieve.
During the year Mrs K Grieve resigned as a director and her shares in company were transferred to Ms P Cormack.
Ms P Cormack is the managing director and now is the sole shareholder.
At the start of the year the company owed Lothian Childcare Solutions Ltd an amount of £13,781. During the year the company received further advances. At the balance sheet date the company was due them an amount of £14,781 and this is included in creditors due over one year.
No interest has been charged on this loan and there is no fixed date for repayment.
Ms P Cormack is the managing director and sole shareholder in Lothian Childcare Solutions Ltd.
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).