REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
for |
Presentation Technology Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
for |
Presentation Technology Limited |
Presentation Technology Limited (Registered number: SC427086) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Presentation Technology Limited |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
76 Dumbarton Road |
Clydebank |
Glasgow |
G81 1UG |
Presentation Technology Limited (Registered number: SC427086) |
Balance Sheet |
30 April 2024 |
30.4.24 | 30.4.23 |
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. |
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 |
Presentation Technology Limited (Registered number: SC427086) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Presentation Technology Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company meets its working capital requirements through the support of a related party, Dunhill & McGrouther Ltd. The director has indicated that this support will continue. |
Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result in a withdrawal of these financial resources. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Impairment of fixed assets |
At each reporting period end date the company reviews the carrying amounts of its tangible fixed assets |
to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the assets is estimated in order to determine the extent of the impairment loss. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Going concern |
The company's liabilities exceeded its assets by £103,581 at the year end date. |
The director is satisfied that this will not affect the company's ability to continue as a going concern and that with the continued support, as indicated from a related party, Dunhill and McGrouther Ltd, the basis is appropriate for the preparation of the accounts. |
Should events impact on the company or should support be withdrawn it would be necessary to adjust the assets to reflect their realisable values. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Presentation Technology Limited (Registered number: SC427086) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
At 30 April 2024 Other creditors included a balance due to Dunhill and McGrouther Limited of £249,908 (2023 - £214,690). Director, Mr A McGrouther is also a director of Dunhill and McGrouther Ltd. |
For the year to 30 April 2024 sales to VIP-System Ltd totalled £51,762 (2023 - £45,245). VIP-System Ltd is a wholly owned subsidiary of Dunhill and McGrouther Ltd. |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |