Company Registration No. SC530715 (Scotland)
Perthside Ltd
Unaudited accounts
for the year ended 31 March 2024
Perthside Ltd
Unaudited accounts
Contents
Perthside Ltd
Company Information
for the year ended 31 March 2024
Directors
Mrs AR Napier
Mrs JM Barclay
Company Number
SC530715 (Scotland)
Registered Office
Summerhill
Bellwood Park
Perth
Perthshire
PH2 7AJ
Scotland
Accountants
Hawkstane Accountants
Brantwoode
Ferntower Road
Crieff
PH7 3DH
Perthside Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
460,000
460,000
Cash at bank and in hand
60,105
17,010
Creditors: amounts falling due within one year
(174,717)
(148,569)
Net current liabilities
(114,612)
(131,559)
Total assets less current liabilities
345,388
328,441
Provisions for liabilities
Deferred tax
(49,799)
(49,799)
Net assets
295,589
278,642
Called up share capital
2
2
Revaluation reserve
200,201
200,201
Profit and loss account
95,386
78,439
Shareholders' funds
295,589
278,642
For the year ending 31 March 2024 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 9 September 2024 and were signed on its behalf by
Mrs JM Barclay
Director
Company Registration No. SC530715
Perthside Ltd
Notes to the Accounts
for the year ended 31 March 2024
Perthside Ltd is a private company, limited by shares, registered in Scotland, registration number SC530715. The registered office is Summerhill, Bellwood Park, Perth, Perthshire, PH2 7AJ, 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.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
4
Tangible fixed assets
Land & buildings
Perthside Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,141
1,362
Taxes and social security
4,000
7,860
Loans from directors
168,576
139,347
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
68,920
22,782
7,414
84,288
70,427
22,783
8,922
84,288
139,347
45,565
16,336
168,576
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).