2023-02-01 2024-01-31 false No description of principal activity Capium Accounts Production 1.1 SC650139 bus:AbridgedAccounts 2023-02-01 2024-01-31 SC650139 bus:FRS102 2023-02-01 2024-01-31 SC650139 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC650139 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC650139 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC650139 2023-02-01 2024-01-31 SC650139 2024-01-31 SC650139 bus:RegisteredOffice 2023-02-01 2024-01-31 SC650139 core:WithinOneYear 2024-01-31 SC650139 core:AfterOneYear 2024-01-31 SC650139 bus:Director1 2023-02-01 2024-01-31 SC650139 bus:Director1 2024-01-31 SC650139 bus:Director1 2022-02-01 2023-01-31 SC650139 2022-02-01 SC650139 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 SC650139 2022-02-01 2023-01-31 SC650139 2023-01-31 SC650139 core:WithinOneYear 2023-01-31 SC650139 core:AfterOneYear 2023-01-31 SC650139 bus:EntityAccountantsOrAuditors 2022-02-01 2023-01-31 SC650139 core:FurnitureFittings 2023-02-01 2024-01-31 SC650139 core:FurnitureFittings 2024-01-31 SC650139 core:FurnitureFittings 2023-01-31 SC650139 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-01-31 SC650139 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 SC650139 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 SC650139 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 SC650139 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 SC650139 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 SC650139 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 SC650139 core:Non-currentFinancialInstruments 2024-01-31 SC650139 core:Non-currentFinancialInstruments 2023-01-31 SC650139 core:ShareCapital 2024-01-31 SC650139 core:ShareCapital 2023-01-31 SC650139 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC650139 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC650139 dpl:Item1 2023-02-01 SC650139 dpl:Item1 2024-01-31 SC650139 dpl:Item1 2022-02-01 SC650139 dpl:Item1 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC650139


 

 

 

PRIDE OF SCOTS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 27,378    32,209 
27,378    32,209 
Current assets      
Stocks 32,614    25,126 
Debtors 22,014    42,178 
Cash at bank and in hand 9,665    2,501 
64,293    69,805 
Creditors: amount falling due within one year (53,660)   (59,560)
Net current assets 10,633    10,245 
 
Total assets less current liabilities 38,011    42,454 
Creditors: amount falling due after more than one year (33,108)   (38,951)
Net assets 4,903    3,503 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 4,803    3,403 
Shareholders' funds 4,903    3,503 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 28 October 2024 and were signed by:


-------------------------------
Rafeeque OLIKKATHODI
Director
1
General Information
PRIDE OF SCOTS LIMITED is a private company, limited by shares, registered in , registration number SC650139, registration address 56 ALMONDVALE SOUTH, LIVINGSTON, EH54 6NB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Basis of Preparation
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 February 2023 33,450    33,450 
Additions  
Disposals  
At 31 January 2024 33,450    33,450 
Depreciation
At 01 February 2023 1,241    1,241 
Charge for year 4,831    4,831 
On disposals  
At 31 January 2024 6,072    6,072 
Net book values
Closing balance as at 31 January 2024 27,378    27,378 
Opening balance as at 01 February 2023 32,209    32,209 


2