Company Registration No. SC404911 (Scotland)
Plugdin Business Solutions Ltd
Unaudited accounts
for the year ended 31 August 2024
Plugdin Business Solutions Ltd
Unaudited accounts
Contents
Plugdin Business Solutions Ltd
Company Information
for the year ended 31 August 2024
Company Number
SC404911 (Scotland)
Registered Office
67 Hunthill Road
Blantyre
Glasgow
G72 9SR
Scotland
Accountants
STZ Accounting Ltd
24 Rickard Avenue
STRATHAVEN
UK
ML10 6GW
Plugdin Business Solutions Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
179,203
104,551
Cash at bank and in hand
298,162
824,284
Creditors: amounts falling due within one year
(182,723)
(679,876)
Net current assets
251,326
246,284
Total assets less current liabilities
430,529
350,835
Creditors: amounts falling due after more than one year
(73,095)
(27,500)
Net assets
357,434
323,335
Called up share capital
1
1
Profit and loss account
357,433
323,334
Shareholders' funds
357,434
323,335
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 13 April 2025 and were signed on its behalf by
BRIAN LAWSON
Director
Company Registration No. SC404911
Plugdin Business Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2024
Plugdin Business Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC404911. The registered office is 67 Hunthill Road, Blantyre, Glasgow, G72 9SR, Scotland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
10% straight line
Motor vehicles
20% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Plugdin Business Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2023
119,033
-
119,033
Additions
18,800
74,340
93,140
At 31 August 2024
137,833
74,340
212,173
At 1 September 2023
14,482
-
14,482
Charge for the year
3,620
14,868
18,488
At 31 August 2024
18,102
14,868
32,970
At 31 August 2024
119,731
59,472
179,203
At 31 August 2023
104,551
-
104,551
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
81,574
558,102
Taxes and social security
56,232
55,114
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
56,428
-
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).