2023-03-012024-02-282024-02-28falseSC558555PRINT PAL (SCOTLAND) 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PRINT PAL (SCOTLAND) LTD

Registered Number
SC558555
(Scotland)

Unaudited Financial Statements for the Period ended
28 February 2024

PRINT PAL (SCOTLAND) LTD
Company Information
for the period from 1 March 2023 to 28 February 2024

Director

LAZZERINI, Lawrence

Company Secretary

LAZZERINI, Lorna

Registered Address

Mckellar Accountancy Unit 3.2
1 Macdowall Street
Paisley
PA3 2NB

Registered Number

SC558555 (Scotland)
PRINT PAL (SCOTLAND) LTD
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors32,159151
Cash at bank and on hand28,57328,072
30,73228,223
Creditors amounts falling due within one year4(21,871)(21,242)
Net current assets (liabilities)8,8616,981
Total assets less current liabilities8,8616,981
Net assets8,8616,981
Capital and reserves
Called up share capital100100
Profit and loss account8,7616,881
Shareholders' funds8,8616,981
The financial statements were approved and authorised for issue by the Director on 28 November 2024, and are signed on its behalf by:
LAZZERINI, Lawrence
Director
Registered Company No. SC558555
PRINT PAL (SCOTLAND) LTD
Notes to the Financial Statements
for the period ended 28 February 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
2.Average number of employees

20242023
Average number of employees during the year22
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,993151
Other debtors166-
Total2,159151
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,4212,146
Taxation and social security4411,581
Other creditors18,00917,515
Total21,87121,242
Included in creditors is a loan from Larry Lazzerini, who is a director of the company totalling £14,130.58 (2022: £6,316.36) and Lorna Lazzerini, who is also a director of the company totalling £3,383.61 (2022: £2,000).