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REGISTERED NUMBER: SC644543 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

P W & PARTNERS LTD

P W & PARTNERS LTD (REGISTERED NUMBER: SC644543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P W & PARTNERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mrs S M Livingstone
Mrs M Martindale



REGISTERED OFFICE: 99 Muir Road
Bathgate
EH48 2QQ



REGISTERED NUMBER: SC644543 (Scotland)



ACCOUNTANTS: ASMCA Limited
14 Castle Court
Castlecary
Cumbernauld
GLASGOW
G68 0JL



BANKERS: HSBC UK
76 Hanover Street
Edinburgh
Lothian
EH2 1EL

P W & PARTNERS LTD (REGISTERED NUMBER: SC644543)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,802,998 2,973,889
Tangible assets 5 369 2,179
2,803,367 2,976,068

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 59,076 61,061
Cash at bank 84,887 103,501
144,963 165,562
CREDITORS
Amounts falling due within one year 7 425,404 568,300
NET CURRENT LIABILITIES (280,441 ) (402,738 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,522,926

2,573,330

CREDITORS
Amounts falling due after more than one
year

8

(1,954,393

)

(2,050,143

)

PROVISIONS FOR LIABILITIES (92 ) (545 )
NET ASSETS 568,441 522,642

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 568,439 522,640
SHAREHOLDERS' FUNDS 568,441 522,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

P W & PARTNERS LTD (REGISTERED NUMBER: SC644543)

BALANCE SHEET - continued
31 JANUARY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:




Mrs S M Livingstone - Director



Mrs M Martindale - Director


P W & PARTNERS LTD (REGISTERED NUMBER: SC644543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

P W & Partners Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill and other customer related intangible assets are being amortised over their estimated useful life of 20 years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

P W & PARTNERS LTD (REGISTERED NUMBER: SC644543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company also makes contributions to directors' pension plans. The contributions are charged to the profit and loss account in the period they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Intangibles
£   
COST
At 1 February 2024 3,593,741
Additions 9,766
Disposals (507 )
At 31 January 2025 3,603,000
AMORTISATION
At 1 February 2024 619,852
Amortisation for year 180,150
At 31 January 2025 800,002
NET BOOK VALUE
At 31 January 2025 2,802,998
At 31 January 2024 2,973,889

P W & PARTNERS LTD (REGISTERED NUMBER: SC644543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2024
and 31 January 2025 331 2,207 12,297 14,835
DEPRECIATION
At 1 February 2024 166 2,043 10,447 12,656
Charge for year 82 164 1,564 1,810
At 31 January 2025 248 2,207 12,011 14,466
NET BOOK VALUE
At 31 January 2025 83 - 286 369
At 31 January 2024 165 164 1,850 2,179

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 57,658 59,832
Other debtors 1,418 1,229
59,076 61,061

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 263,671 380,525
Trade creditors 12,635 25,444
Taxation and social security 117,683 112,018
Other creditors 31,415 50,313
425,404 568,300

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 1,954,393 2,050,143

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 988,315 518,509

P W & PARTNERS LTD (REGISTERED NUMBER: SC644543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

9. RESERVES
Retained
earnings
£   

At 1 February 2024 522,640
Profit for the year 153,299
Dividends (107,500 )
At 31 January 2025 568,439

10. CONTINGENT LIABILITIES

In relation to one of the company's loans, which has an amount owing at 31 January 2025 of £1,155,218: repayments are based on a period of 10 years and the loan has been classified as such in the Financial Statements. However, the loan statement from the lender shows a repayment term of 1 year meaning the loan will either need to be repaid or refinanced after this period. It is anticipated by the Directors that it will be refinanced.