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Company Registration No. SC707380 (Scotland)
Paisley Paslode Repair Ltd Unaudited accounts for the year ended 31 August 2023
Paisley Paslode Repair Ltd Unaudited accounts Contents
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Paisley Paslode Repair Ltd Company Information for the year ended 31 August 2023
Directors
Andrew Watt Sharon Watt
Company Number
SC707380 (Scotland)
Registered Office
67 FOXBAR CRESCENT PAISLEY PA2 0RL SCOTLAND
Accountants
Scottish Tax Bureau 94 Hope Street Glasgow G2 6PH
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Paisley Paslode Repair Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,750 
27,667 
Current assets
Inventories
949 
691 
Cash at bank and in hand
10 
352 
959 
1,043 
Creditors: amounts falling due within one year
(15,090)
(35,772)
Net current liabilities
(14,131)
(34,729)
Net assets/(liabilities)
6,619 
(7,062)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,617 
(7,064)
Shareholders' funds
6,619 
(7,062)
For the year ending 31 August 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 23 August 2024 and were signed on its behalf by
Andrew Watt Director Company Registration No. SC707380
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Paisley Paslode Repair Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Paisley Paslode Repair Ltd is a private company, limited by shares, registered in Scotland, registration number SC707380. The registered office is 67 FOXBAR CRESCENT, PAISLEY, PA2 0RL, SCOTLAND.
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.
Presentation currency
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 September 2022
2,486 
34,403 
36,889 
At 31 August 2023
2,486 
34,403 
36,889 
Depreciation
At 1 September 2022
621 
8,601 
9,222 
Charge for the year
466 
6,451 
6,917 
At 31 August 2023
1,087 
15,052 
16,139 
Net book value
At 31 August 2023
1,399 
19,351 
20,750 
At 31 August 2022
1,865 
25,802 
27,667 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
2,640 
1,320 
Loans from directors
12,450 
34,452 
15,090 
35,772 
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Paisley Paslode Repair Ltd Notes to the Accounts for the year ended 31 August 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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