1 September 2023 false No description of principal activity Taxfiler 2024.6 SC639915business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC6399152023-08-31 SC6399152023-09-012024-08-31 SC639915business:AuditExemptWithAccountantsReport2023-09-012024-08-31 SC639915business:FilletedAccounts2023-09-012024-08-31 SC6399152024-08-31 SC639915business:Director12023-09-012024-08-31 SC639915business:Director22023-09-012024-08-31 SC639915business:Director32023-09-012024-08-31 SC639915business:RegisteredOffice2023-09-012024-08-31 SC6399152023-08-31 SC639915core:WithinOneYear2024-08-31 SC639915core:WithinOneYear2023-08-31 SC639915core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC639915core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC639915core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC639915core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC639915core:PreviouslyStatedAmount2024-08-31 SC639915core:PreviouslyStatedAmount2023-08-31 SC639915business:SmallEntities2023-09-012024-08-31 SC639915countries:Scotland2023-09-012024-08-31 SC639915core:PlantMachinery2023-09-012024-08-31 SC639915core:ComputerEquipment2023-09-012024-08-31 SC639915core:PlantMachinery2023-08-31 SC639915core:ComputerEquipment2023-08-31 SC639915core:PlantMachinery2024-08-31 SC639915core:ComputerEquipment2024-08-31 SC6399152022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC639915 (Scotland)
Propensions Limited Unaudited accounts for the year ended 31 August 2024
Propensions Limited Unaudited accounts Contents
Page
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Propensions Limited Company Information for the year ended 31 August 2024
Directors
M Kennedy T Kennedy J Foley
Company Number
SC639915 (Scotland)
Registered Office
Unit 7, Douglas House 42 Main Street Milngavie Glasgow G62 6BU
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Propensions Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,212 
1,457 
Current assets
Debtors
64,500 
46,054 
Cash at bank and in hand
71,314 
78,360 
135,814 
124,414 
Creditors: amounts falling due within one year
(74,172)
(67,170)
Net current assets
61,642 
57,244 
Total assets less current liabilities
64,854 
58,701 
Provisions for liabilities
Deferred tax
(610)
(277)
Net assets
64,244 
58,424 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
64,144 
58,324 
Shareholders' funds
64,244 
58,424 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by
M Kennedy Director Company Registration No. SC639915
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Propensions Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Propensions Limited is a private company, limited by shares, registered in Scotland, registration number SC639915. The registered office is Unit 7, Douglas House, 42 Main Street, Milngavie, Glasgow, G62 6BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents invoiced sales to external customers, excluding value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Propensions Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
660 
3,703 
4,363 
Additions
- 
3,872 
3,872 
At 31 August 2024
660 
7,575 
8,235 
Depreciation
At 1 September 2023
522 
2,384 
2,906 
Charge for the year
97 
2,020 
2,117 
At 31 August 2024
619 
4,404 
5,023 
Net book value
At 31 August 2024
41 
3,171 
3,212 
At 31 August 2023
138 
1,319 
1,457 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
64,500 
45,244 
Accrued income and prepayments
- 
810 
64,500 
46,054 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
32,016 
22,833 
Trade creditors
- 
481 
Taxes and social security
15,842 
24,333 
Other creditors
678 
- 
Loans from directors
3,670 
3,244 
Accruals
21,966 
16,279 
74,172 
67,170 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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