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Company Registration No. SC585342 (Scotland)
Pentland Electrics Ltd Unaudited accounts for the year ended 31 January 2024
Pentland Electrics Ltd Unaudited accounts Contents
Page
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Pentland Electrics Ltd Company Information for the year ended 31 January 2024
Director
James Melville
Company Number
SC585342 (Scotland)
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Pentland Electrics Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,304 
55,893 
Current assets
Debtors
3,745 
15,554 
Cash at bank and in hand
29,742 
21,569 
33,487 
37,123 
Creditors: amounts falling due within one year
(58,933)
(54,700)
Net current liabilities
(25,446)
(17,577)
Total assets less current liabilities
24,858 
38,316 
Creditors: amounts falling due after more than one year
(24,098)
(37,600)
Net assets
760 
716 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
759 
715 
Shareholders' funds
760 
716 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 22 October 2024 and were signed on its behalf by
James Melville Director Company Registration No. SC585342
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Pentland Electrics Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Pentland Electrics Ltd is a private company, limited by shares, registered in Scotland, registration number SC585342.
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
2,069 
56,303 
2,815 
3,480 
64,667 
At 31 January 2024
2,069 
56,303 
2,815 
3,480 
64,667 
Depreciation
At 1 February 2023
486 
6,243 
914 
1,131 
8,774 
Charge for the year
158 
5,006 
190 
235 
5,589 
At 31 January 2024
644 
11,249 
1,104 
1,366 
14,363 
Net book value
At 31 January 2024
1,425 
45,054 
1,711 
2,114 
50,304 
At 31 January 2023
1,583 
50,060 
1,901 
2,349 
55,893 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,745 
15,554 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,841 
3,460 
Trade creditors
12,092 
- 
Proposed dividends
42,000 
35,500 
Loans from directors
- 
3,600 
Accruals
- 
12,140 
58,933 
54,700 
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Pentland Electrics Ltd Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,098 
37,600 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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