Registered number
SC474292
PTI (SCOT) LTD
Filleted Accounts
30 April 2024
PTI (SCOT) LTD
Registered number: SC474292
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,734 5,260
Current assets
Cash at bank and in hand 932 3,134
Creditors: amounts falling due within one year 4 (3,477) (2,008)
Net current assets / (liabilities) (2,545) 1,126
Total assets less current liabilities 2,189 6,386
Creditors: amounts falling due after more than one year 5 (7,145) (5,683)
Net assets / (liabilities) (4,956) 703
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,056) 603
Shareholders' funds (4,956) 703
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Massoumeh Douzandeh Moubarez
Director
Approved by the board on 24 January 2025
PTI (SCOT) LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% reducing balances
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixture and fittings etc
£
Cost
At 1 May 2023 10,130
At 30 April 2024 10,130
Depreciation
At 1 May 2023 4,870
Charge for the year 526
At 30 April 2024 5,396
Net book value
At 30 April 2024 4,734
At 30 April 2023 5,260
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,655 1,608
Trade creditors 1,822 400
3,477 2,008
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 7,145 5,683
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