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REGISTERED NUMBER: SC427086 (Scotland)















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: A McGrouther





REGISTERED OFFICE: Unit 2
15 North Avenue
Clydebank Business Park
Clydebank
Glasgow
G81 2QP





REGISTERED NUMBER: SC427086 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
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 12,511 15,511

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 5 126,512 94,283
Cash at bank 5,165 965
137,677 101,248
CREDITORS
Amounts falling due within one year 6 253,769 218,410
NET CURRENT LIABILITIES (116,092 ) (117,162 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(103,581

)

(101,651

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (104,581 ) (102,651 )
SHAREHOLDERS' FUNDS (103,581 ) (101,651 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 January 2025 and were signed by:





A McGrouther - Director


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 private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

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 1 (2023 - NIL ) .

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 40,892
DEPRECIATION
At 1 May 2023 25,381
Charge for year 3,000
At 30 April 2024 28,381
NET BOOK VALUE
At 30 April 2024 12,511
At 30 April 2023 15,511

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 719 604
Other debtors 125,793 93,679
126,512 94,283

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 3,088 2,947
Other creditors 250,681 215,463
253,769 218,410

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 A McGrouther.