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Company Registration No. SC669643 (Scotland)
Possible Estate Agents Limited Unaudited accounts for the year ended 31 August 2024
Possible Estate Agents Limited Unaudited accounts Contents
Page
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Possible Estate Agents Limited Company Information for the year ended 31 August 2024
Director
Gary Robertson
Company Number
SC669643 (Scotland)
Registered Office
Inveralmond Business Centre 6 Auld Bond Road Perth PH1 3FX
Accountants
Fraser + Accountants 3 Barossa Place Perth Perthshire PH1 5HG
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Possible Estate Agents Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,494 
2,271 
Current assets
Debtors
89,368 
20,446 
Cash at bank and in hand
123,984 
54,876 
213,352 
75,322 
Creditors: amounts falling due within one year
(73,925)
(18,489)
Net current assets
139,427 
56,833 
Net assets
140,921 
59,104 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
140,821 
59,004 
Shareholders' funds
140,921 
59,104 
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 director acknowledges his 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 and authorised for issue on 4 October 2024 and were signed on its behalf by
Gary Robertson Director Company Registration No. SC669643
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Possible Estate Agents Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Possible Estate Agents Limited is a private company, limited by shares, registered in Scotland, registration number SC669643. The registered office is Inveralmond Business Centre, 6 Auld Bond Road , Perth , PH1 3FX.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
20% Reducing balance
Fixtures & fittings
20% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
2,758 
2,769 
1,490 
7,017 
Additions
- 
- 
513 
513 
At 31 August 2024
2,758 
2,769 
2,003 
7,530 
Depreciation
At 1 September 2023
1,654 
1,616 
1,476 
4,746 
Charge for the year
552 
554 
184 
1,290 
At 31 August 2024
2,206 
2,170 
1,660 
6,036 
Net book value
At 31 August 2024
552 
599 
343 
1,494 
At 31 August 2023
1,104 
1,153 
14 
2,271 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
89,368 
20,446 
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Possible Estate Agents Limited Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
40,669 
14,862 
Taxes and social security
32,544 
3,381 
Other creditors
478 
- 
Loans from directors
(691)
(629)
Accruals
925 
875 
73,925 
18,489 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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