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REGISTERED NUMBER: SC010072 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2019

for

Pratt Bros ( Edinburgh) Ltd

Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072)






Contents of the Financial Statements
for the Year Ended 31 December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pratt Bros ( Edinburgh) Ltd

Company Information
for the Year Ended 31 December 2019







DIRECTOR: K J Hope





REGISTERED OFFICE: East Gate
Royal Highland Centre
Ingliston
Edinburgh
EH28 8NF





REGISTERED NUMBER: SC010072 (Scotland)





ACCOUNTANTS: J S Accounting Services Limited
13-15 Morningside Drive
EDINBURGH
EH10 5LZ

Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072)

Balance Sheet
31 December 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,209 3,231

CURRENT ASSETS
Debtors 5 116,235 41,742
Cash at bank and in hand 6,603 36,857
122,838 78,599
CREDITORS
Amounts falling due within one year 6 80,037 35,967
NET CURRENT ASSETS 42,801 42,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,010

45,863

CREDITORS
Amounts falling due after more than one
year

7

21,567

21,567
NET ASSETS 23,443 24,296

CAPITAL AND RESERVES
Called up share capital 16,550 16,550
Share premium 5,664 5,664
Retained earnings 1,229 2,082
SHAREHOLDERS' FUNDS 23,443 24,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072)

Balance Sheet - continued
31 December 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2020 and were signed by:





K J Hope - Director


Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072)

Notes to the Financial Statements
for the Year Ended 31 December 2019

1. STATUTORY INFORMATION

Pratt Bros ( Edinburgh) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the invoiced value, net of Value Added Tax, of goods sold and services provided to customers and, in the case of long term contracts, credit is taken appropriate to the stage of completion when the outcome of the contract can be assessed with reasonable certainty.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance, 10% on reducing balance and 5% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

2. ACCOUNTING POLICIES - continued

Long term contracts
Long term contracts are assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Turnover is ascertained in a manner appropriate to the stage of completion of the contract, and credit taken for profit earned to date when the outcome appropriate to the stage of completion of the contract, and credit taken for profit earned to date when the outcome of the contract can be assessed with reasonable certainly.the amount by which turnover exceeds payments on account is classified as "amounts recoverable on long term contracts" and included in debtors. to the extent that the payments on accounts exceed relevant turnover, the excess in included as a creditor.The amount of long term contracts, at cost net of amounts transferred o cost of sales, less provision for foreseeable losses and payments on account not matched with turnover, is included within stocks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019
and 31 December 2019 54,131
DEPRECIATION
At 1 January 2019 50,900
Charge for year 1,022
At 31 December 2019 51,922
NET BOOK VALUE
At 31 December 2019 2,209
At 31 December 2018 3,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade debtors 37,014 26,324
Amounts owed by group undertakings - 775
Amounts recoverable on contract 574 -
Other debtors 78,647 14,643
116,235 41,742

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade creditors 10,598 2,176
Amounts owed to group undertakings 29,531 -
Taxation and social security 21,716 24,343
Other creditors 18,192 9,448
80,037 35,967

Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.19 31.12.18
£    £   
Taxation and social security 21,567 21,567

8. RELATED PARTY TRANSACTIONS

During the year Pratt Bros (Edinburgh) Limited paid net expenses on behalf of PBE (Holdings) Limited, its parent company, amounting to £nil (2018: £nil),and paid dividends to PBE ( Holdings) Limited amounting to £nil (2018:£nil). PBE (Holdings) Limited paid expenses on behalf of Pratt Bros (Edinburgh) Limited of £nil (2018: £nil). At 31 December 2019 the company was due £nil (2018: £nil) to PBE (Holdings) Limited.

Pratt Bros (Edinburgh) Limited paid expenses on behalf of Pratt Bros (Exhibitions) Limited a subsidiary of PBE ( Holdings) Limited amounting to £1,340( 2018: £8,615). They also charged management fees in the sum of £100,732 to the same company. At 31 December 2019 the company was due £29,531 (2018:( £775) to/(from) Pratt Bros (Exhibitions) Limited.

9. ULTIMATE CONTROLLING PARTY

The controlling party is K J Hope.