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REGISTERED NUMBER: SC543987 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Perth Decorating Ltd

Perth Decorating Ltd (Registered number: SC543987)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Perth Decorating Ltd (Registered number: SC543987)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,193 22,739

CURRENT ASSETS
Debtors 5 14,559 14,817
Cash at bank 26,540 10,452
41,099 25,269
CREDITORS
Amounts falling due within one year 6 (21,126 ) (20,253 )
NET CURRENT ASSETS 19,973 5,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,166

27,755

PROVISIONS FOR LIABILITIES (3,751 ) (4,320 )
NET ASSETS 34,415 23,435

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 34,414 23,434
34,415 23,435

Perth Decorating Ltd (Registered number: SC543987)

Balance Sheet - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

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 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.

The financial statements were approved by the director and authorised for issue on 16 January 2025 and were signed by:





Mr S Waskowicz - Director


Perth Decorating Ltd (Registered number: SC543987)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Perth Decorating Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC543987. The registered office is 145 David Douglas Avenue, Scont, Perthshire, PH2 6QG.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services in respect of painting and decorating, excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance and 10% on reducing balance
Computer equipment - 10% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Perth Decorating Ltd (Registered number: SC543987)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 3,662 38,311 891 42,864
Additions - - 916 916
Disposals - - (891 ) (891 )
At 31 August 2024 3,662 38,311 916 42,889
DEPRECIATION
At 1 September 2023 1,404 18,356 365 20,125
Charge for year 226 4,631 131 4,988
Eliminated on disposal - - (417 ) (417 )
At 31 August 2024 1,630 22,987 79 24,696
NET BOOK VALUE
At 31 August 2024 2,032 15,324 837 18,193
At 31 August 2023 2,258 19,955 526 22,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 13,990 12,900
Other debtors 569 1,917
14,559 14,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 2,582 2,414
Taxation and social security (15,391 ) (19,527 )
Other creditors 33,935 37,366
21,126 20,253