1 August 2022 false No description of principal activity Taxfiler 2023.10 SC636439business:PrivateLimitedCompanyLtd2022-08-012023-07-31 SC6364392022-07-31 SC6364392022-08-012023-07-31 SC636439business:AuditExemptWithAccountantsReport2022-08-012023-07-31 SC636439business:FilletedAccounts2022-08-012023-07-31 SC6364392023-07-31 SC636439business:Director12022-08-012023-07-31 SC636439business:Director22022-08-012023-07-31 SC636439business:Director32022-08-012023-07-31 SC636439business:Director42022-08-012023-07-31 SC636439business:RegisteredOffice2022-08-012023-07-31 SC6364392022-07-31 SC636439core:WithinOneYear2023-07-31 SC636439core:WithinOneYear2022-07-31 SC636439core:AfterOneYear2023-07-31 SC636439core:AfterOneYear2022-07-31 SC636439core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC636439core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 SC636439core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC636439core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 SC636439core:PreviouslyStatedAmount2023-07-31 SC636439core:PreviouslyStatedAmount2022-07-31 SC636439business:SmallEntities2022-08-012023-07-31 SC636439countries:Scotland2022-08-012023-07-31 SC636439core:LandBuildings2022-08-012023-07-31 SC636439core:PlantMachinery2022-08-012023-07-31 SC636439core:ComputerEquipment2022-08-012023-07-31 SC636439core:LandBuildings2022-07-31 SC636439core:PlantMachinery2022-07-31 SC636439core:ComputerEquipment2022-07-31 SC636439core:LandBuildings2023-07-31 SC636439core:PlantMachinery2023-07-31 SC636439core:ComputerEquipment2023-07-31 SC6364392021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC636439 (Scotland)
Prancing Stag Limited Unaudited accounts for the year ended 31 July 2023
Prancing Stag Limited Unaudited accounts Contents
Page
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Prancing Stag Limited Company Information for the year ended 31 July 2023
Directors
Grace Ward Dunlavy Cox Graeme Andrew Cox Rory Harry David Cox Victoria Catherine Cox
Company Number
SC636439 (Scotland)
Registered Office
52 Balshagray Drive Glasgow G11 7DA United Kingdom
Accountants
Ideo Business Services Ltd Unit 4 Standhill Industrial Est Whitburn Road Bathgate EH48 2HR
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Prancing Stag Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,841 
18,266 
Current assets
Inventories
3,850 
4,635 
Debtors
2,475 
8,822 
Cash at bank and in hand
6,650 
16,841 
12,975 
30,298 
Creditors: amounts falling due within one year
(68,265)
(51,746)
Net current liabilities
(55,290)
(21,448)
Total assets less current liabilities
(43,449)
(3,182)
Creditors: amounts falling due after more than one year
(114,640)
(82,445)
Net liabilities
(158,089)
(85,627)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(158,093)
(85,631)
Shareholders' funds
(158,089)
(85,627)
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 directors acknowledge their 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 of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
Graeme Andrew Cox Director Company Registration No. SC636439
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Prancing Stag Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Prancing Stag Limited is a private company, limited by shares, registered in Scotland, registration number SC636439. The registered office is 52 Balshagray Drive, Glasgow, G11 7DA, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
20% on cost
Plant & machinery
25% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
19,000 
15,394 
3,137 
37,531 
Additions
- 
1,909 
- 
1,909 
At 31 July 2023
19,000 
17,303 
3,137 
39,440 
Depreciation
At 1 August 2022
7,600 
9,586 
2,079 
19,265 
Charge for the year
3,800 
3,749 
785 
8,334 
At 31 July 2023
11,400 
13,335 
2,864 
27,599 
Net book value
At 31 July 2023
7,600 
3,968 
273 
11,841 
At 31 July 2022
11,400 
5,808 
1,058 
18,266 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,475 
8,822 
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Prancing Stag Limited Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
4,992 
VAT
38,424 
17,350 
Trade creditors
- 
332 
Other creditors
750 
4,981 
Loans from directors
24,091 
24,091 
68,265 
51,746 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
32,440 
37,245 
Other creditors
82,200 
45,200 
114,640 
82,445 
8
Average number of employees
During the year the average number of employees was 13 (2022: 12).
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