Company Registration No. SC636439 (Scotland)
Prancing Stag Limited
Unaudited accounts
for the year ended 31 July 2023
Prancing Stag Limited
Unaudited accounts
Contents
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
Prancing Stag Limited
Statement of financial position
as at 31 July 2023
Tangible assets
11,841
18,266
Cash at bank and in hand
6,650
16,841
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)
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
Prancing Stag Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
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
At 31 July 2023
19,000
17,303
3,137
39,440
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
At 31 July 2023
7,600
3,968
273
11,841
At 31 July 2022
11,400
5,808
1,058
18,266
Amounts falling due within one year
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
Loans from directors
24,091
24,091
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
82,200
45,200
8
Average number of employees
During the year the average number of employees was 13 (2022: 12).