Penny Catterick Limited SC664611 true 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is career coaching. Digita Accounts Production Advanced 6.30.9574.0 true Miss P Catterick true SC664611 2023-07-01 2024-06-30 SC664611 2024-06-30 SC664611 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC664611 core:ShareCapital 2024-06-30 SC664611 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC664611 bus:FRS102 2023-07-01 2024-06-30 SC664611 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC664611 bus:FullAccounts 2023-07-01 2024-06-30 SC664611 bus:RegisteredOffice 2023-07-01 2024-06-30 SC664611 bus:Director1 2023-07-01 2024-06-30 SC664611 bus:EntityNoLongerTradingButTradedInPast 2023-07-01 2024-06-30 SC664611 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC664611 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-01 2024-06-30 SC664611 countries:Scotland 2023-07-01 2024-06-30 SC664611 2023-06-30 SC664611 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC664611 core:ShareCapital 2023-06-30 SC664611 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP

Registration number: SC664611

Penny Catterick Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Penny Catterick Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Penny Catterick Limited

Company Information

Director

Miss P Catterick

Registered office

Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

Accountants

Glen Drummond Ltd
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

 

Penny Catterick Limited

(Registration number: SC664611)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Creditors: Amounts falling due within one year

3

(20,816)

(20,816)

Capital and reserves

 

Called up share capital

4

100

100

Retained earnings

(20,916)

(20,916)

Shareholders' deficit

 

(20,816)

(20,816)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 February 2025
 

.........................................
Miss P Catterick
Director

 

Penny Catterick Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

These financial statements were authorised for issue by the director on 27 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

These financial statements have been prepared on a going concern basis as the director has undertaken to support the company until profitability can be achieved.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At the balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

 

Penny Catterick Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 

3

Creditors

2024
£

2023
£

Due within one year

Other creditors

20,816

20,816

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Penny Catterick Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Related party transactions

The company operates a loan account with the director, Miss P Catterick.
At the year end, the balance due to the director was £20,816 (2023 - £20,816). This loan is unsecured, interest free and has no fixed repayment terms.