1 August 2023 false No description of principal activity Taxfiler 2024.6 SC404030business:PrivateLimitedCompanyLtd2023-08-012024-07-31 SC4040302023-07-31 SC4040302023-08-012024-07-31 SC404030business:AuditExemptWithAccountantsReport2023-08-012024-07-31 SC404030business:FilletedAccounts2023-08-012024-07-31 SC4040302024-07-31 SC404030business:Director12023-08-012024-07-31 SC404030business:RegisteredOffice2023-08-012024-07-31 SC4040302023-07-31 SC404030core:WithinOneYear2024-07-31 SC404030core:WithinOneYear2023-07-31 SC404030core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 SC404030core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC404030core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 SC404030core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC404030core:PreviouslyStatedAmount2024-07-31 SC404030core:PreviouslyStatedAmount2023-07-31 SC404030business:SmallEntities2023-08-012024-07-31 SC404030countries:Scotland2023-08-012024-07-31 SC404030core:ComputerEquipment2023-08-012024-07-31 SC404030core:ComputerEquipment2023-07-31 SC404030core:ComputerEquipment2024-07-31 SC4040302022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC404030 (Scotland)
PRENTICE INSPECTION LTD Unaudited accounts for the year ended 31 July 2024
PRENTICE INSPECTION LTD Unaudited accounts Contents
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PRENTICE INSPECTION LTD Company Information for the year ended 31 July 2024
Director
STEPHEN PRENTICE
Company Number
SC404030 (Scotland)
Registered Office
2 VICTORIA PLACE RUTHERGLEN GLASGOW G73 2JP
Accountants
brand jamieson co 2 Victoria Place Rutherglen Glasgow G73 2JP
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PRENTICE INSPECTION LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,578 
3,033 
Current assets
Debtors
- 
2,528 
Cash at bank and in hand
48,217 
74,647 
48,217 
77,175 
Creditors: amounts falling due within one year
(1,343)
(20,216)
Net current assets
46,874 
56,959 
Net assets
49,452 
59,992 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
49,352 
59,892 
Shareholders' funds
49,452 
59,992 
For the year ending 31 July 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 11 April 2025 and were signed on its behalf by
STEPHEN PRENTICE Director Company Registration No. SC404030
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PRENTICE INSPECTION LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
PRENTICE INSPECTION LTD is a private company, limited by shares, registered in Scotland, registration number SC404030. The registered office is 2 VICTORIA PLACE, RUTHERGLEN, GLASGOW, G73 2JP.
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:
Computer equipment
15% reducing balance.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
6,762 
At 31 July 2024
6,762 
Depreciation
At 1 August 2023
3,729 
Charge for the year
455 
At 31 July 2024
4,184 
Net book value
At 31 July 2024
2,578 
At 31 July 2023
3,033 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,528 
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PRENTICE INSPECTION LTD Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
123 
728 
Taxes and social security
82 
17,603 
Loans from directors
33 
373 
Accruals
1,105 
1,512 
1,343 
20,216 
7
Transactions with related parties
During the year , total dividends of £5,500 ( 2023-£16,500 ) were paid to the director. The Director , S.Prentice , at the balance sheet date, had loans to the company of £33, (2023 £373 )
8
Controlling party
The controlling party is S Prentice.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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