REGISTERED NUMBER: |
PETER THOMSON LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 |
REGISTERED NUMBER: |
PETER THOMSON LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 |
PETER THOMSON LIMITED (REGISTERED NUMBER: SC242311) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PETER THOMSON LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 January 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
PETER THOMSON LIMITED (REGISTERED NUMBER: SC242311) |
BALANCE SHEET |
31 January 2024 |
31.1.24 | 31.1.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
The financial statements were approved by the director and authorised for issue on |
PETER THOMSON LIMITED (REGISTERED NUMBER: SC242311) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 January 2024 |
1. | STATUTORY INFORMATION |
Peter Thomson Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents goods provided in the year excluding value added tax. |
Tangible fixed assets |
Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. |
Equipment - 25% on cost |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current 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 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. |
Going concern |
The director has prepared the accounts on a going concern basis despite there being net liabilities at the balance sheet date as the main creditor is the director himself and he will not seek repayment of his loan until the company has sufficient funds. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
PETER THOMSON LIMITED (REGISTERED NUMBER: SC242311) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 January 2024 |
4. | TANGIBLE FIXED ASSETS |
Computer |
Equipment |
£ |
COST |
At 1 February 2023 |
Additions |
Disposals |
At 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
Eliminated on disposal |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Trade creditors |
Director's loan account | 23,754 | 19,633 |
Other creditors | 864 | 432 |
7. | RELATED PARTY DISCLOSURES |
At 31st January 2024, P Thomson the company director had provided the company with an interest free loan of £23,754 (2023, £19,633) There are no fixed repayment terms attributed to this loan. |