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PAULY & CO LIMITED

Registered Number
SC358267
(Scotland)

Unaudited Financial Statements for the Year ended
30 April 2024

PAULY & CO LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

Yvonne Peacock

Registered Address

2 Muir Road
Lochgelly
KY5 9HH

Registered Number

SC358267 (Scotland)
PAULY & CO LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3326180
Investment property4170,000170,000
170,326170,180
Current assets
Debtors5268168
Cash at bank and on hand12,49814,294
12,76614,462
Creditors amounts falling due within one year6(1,590)(2,965)
Net current assets (liabilities)11,17611,497
Total assets less current liabilities181,502181,677
Creditors amounts falling due after one year7(131,197)(131,197)
Provisions for liabilities(62)(34)
Net assets50,24350,446
Capital and reserves
Called up share capital100100
Profit and loss account50,14350,346
Shareholders' funds50,24350,446
The financial statements were approved and authorised for issue by the Director on 17 September 2024, and are signed on its behalf by:
Yvonne Peacock
Director
Registered Company No. SC358267
PAULY & CO LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Income represents rents receivable in the year.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 May 23210210
Additions180180
At 30 April 24390390
Depreciation and impairment
At 01 May 233030
Charge for year3434
At 30 April 246464
Net book value
At 30 April 24326326
At 30 April 23180180
4.Investment property

£
Fair value at 01 May 23170,000
At 30 April 24170,000
5.Debtors: amounts due within one year

2024

2023

££
Other debtors76-
Prepayments and accrued income192168
Total268168
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security-1,447
Accrued liabilities and deferred income1,5901,518
Total1,5902,965
7.Creditors: amounts due after one year

2024

2023

££
Other creditors131,197131,197
Total131,197131,197