Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 SC709939 Mr Stewart Paterson Mr Stewart Paterson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC709939 2023-09-30 SC709939 2024-09-30 SC709939 2023-10-01 2024-09-30 SC709939 frs-core:CurrentFinancialInstruments 2024-09-30 SC709939 frs-core:FurnitureFittings 2024-09-30 SC709939 frs-core:FurnitureFittings 2023-10-01 2024-09-30 SC709939 frs-core:FurnitureFittings 2023-09-30 SC709939 frs-core:MotorVehicles 2024-09-30 SC709939 frs-core:MotorVehicles 2023-10-01 2024-09-30 SC709939 frs-core:MotorVehicles 2023-09-30 SC709939 frs-core:PlantMachinery 2024-09-30 SC709939 frs-core:PlantMachinery 2023-10-01 2024-09-30 SC709939 frs-core:PlantMachinery 2023-09-30 SC709939 frs-core:ShareCapital 2024-09-30 SC709939 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC709939 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC709939 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 SC709939 frs-bus:SmallEntities 2023-10-01 2024-09-30 SC709939 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC709939 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC709939 1 2023-10-01 2024-09-30 SC709939 frs-bus:Director1 2023-10-01 2024-09-30 SC709939 frs-countries:Scotland 2023-10-01 2024-09-30 SC709939 2022-09-30 SC709939 2023-09-30 SC709939 2022-10-01 2023-09-30 SC709939 frs-core:CurrentFinancialInstruments 2023-09-30 SC709939 frs-core:ShareCapital 2023-09-30 SC709939 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: SC709939
Pentland Glass Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC709939
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,831 3,919
3,831 3,919
CURRENT ASSETS
Cash at bank and in hand 11,712 1,670
11,712 1,670
Creditors: Amounts Falling Due Within One Year 5 (8,339 ) (901 )
NET CURRENT ASSETS (LIABILITIES) 3,373 769
TOTAL ASSETS LESS CURRENT LIABILITIES 7,204 4,688
PROVISIONS FOR LIABILITIES
Deferred Taxation (728 ) (745 )
NET ASSETS 6,476 3,943
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 6,475 3,942
SHAREHOLDERS' FUNDS 6,476 3,943
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stewart Paterson
Director
21/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pentland Glass Solutions Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC709939 . The registered office is 4 4 Rosebank Place, Penicuik, Midlothian, EH26 0GD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 33% straight line
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 1,555 3,333 254 5,142
Additions 790 - 224 1,014
As at 30 September 2024 2,345 3,333 478 6,156
Depreciation
As at 1 October 2023 389 750 84 1,223
Provided during the period 489 517 96 1,102
As at 30 September 2024 878 1,267 180 2,325
Net Book Value
As at 30 September 2024 1,467 2,066 298 3,831
As at 1 October 2023 1,166 2,583 170 3,919
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Taxation and social security 8,339 901
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Stewart Paterson by virtue of his ownership of 100% of the issued share capital in the company.
Page 4