1 January 2024 false No description of principal activity Taxfiler 2024.6 SC183058business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC1830582023-12-31 SC1830582024-01-012024-12-31 SC183058business:AuditExemptWithAccountantsReport2024-01-012024-12-31 SC183058business:FilletedAccounts2024-01-012024-12-31 SC1830582024-12-31 SC183058business:Director12024-01-012024-12-31 SC183058business:Director22024-01-012024-12-31 SC183058business:RegisteredOffice2024-01-012024-12-31 SC1830582023-12-31 SC183058core:WithinOneYear2024-12-31 SC183058core:WithinOneYear2023-12-31 SC183058core:AfterOneYear2024-12-31 SC183058core:AfterOneYear2023-12-31 SC183058core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC183058core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC183058core:RevaluationReservecore:PreviouslyStatedAmount2024-12-31 SC183058core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 SC183058core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC183058core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC183058core:PreviouslyStatedAmount2024-12-31 SC183058core:PreviouslyStatedAmount2023-12-31 SC183058business:SmallEntities2024-01-012024-12-31 SC183058countries:Scotland2024-01-012024-12-31 SC183058core:MotorVehicles2024-01-012024-12-31 SC183058core:FurnitureFittings2024-01-012024-12-31 SC183058core:ComputerEquipment2024-01-012024-12-31 SC183058core:Goodwill2023-12-31 SC183058core:Goodwill2024-12-31 SC183058core:LandBuildings2023-12-31 SC183058core:PlantMachinery2023-12-31 SC183058core:MotorVehicles2023-12-31 SC183058core:FurnitureFittings2023-12-31 SC183058core:ComputerEquipment2023-12-31 SC183058core:LandBuildings2024-01-012024-12-31 SC183058core:PlantMachinery2024-01-012024-12-31 SC183058core:LandBuildings2024-12-31 SC183058core:PlantMachinery2024-12-31 SC183058core:MotorVehicles2024-12-31 SC183058core:FurnitureFittings2024-12-31 SC183058core:ComputerEquipment2024-12-31 SC1830582023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC183058 (Scotland)
Premier Engraving And Signs (Scotland) Limited Unaudited accounts for the year ended 31 December 2024
Premier Engraving And Signs (Scotland) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Premier Engraving And Signs (Scotland) Limited Company Information for the year ended 31 December 2024
Directors
Mrs L Cunningham Mr D Cunningham
Company Number
SC183058 (Scotland)
Registered Office
88 Westlaw Place Glenrothes Fife KY6 2RZ
Accountants
Ideo Business Services Ltd Unit 4 Standhill Industrial Est Whitburn Road Bathgate EH48 2HR
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Premier Engraving And Signs (Scotland) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
220,470 
226,499 
Current assets
Inventories
3,863 
3,729 
Debtors
6
109,866 
105,854 
Cash at bank and in hand
93,433 
97,876 
207,162 
207,459 
Creditors: amounts falling due within one year
7
(129,164)
(120,323)
Net current assets
77,998 
87,136 
Total assets less current liabilities
298,468 
313,635 
Creditors: amounts falling due after more than one year
8
(18,850)
(33,615)
Net assets
279,618 
280,020 
Capital and reserves
Called up share capital
5,000 
5,000 
Revaluation reserve
21,217 
21,217 
Profit and loss account
253,401 
253,803 
Shareholders' funds
279,618 
280,020 
For the year ending 31 December 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 24 September 2025 and were signed on its behalf by
Mrs L Cunningham Director Company Registration No. SC183058
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Premier Engraving And Signs (Scotland) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Premier Engraving And Signs (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC183058. The registered office is 88 Westlaw Place, Glenrothes, Fife, KY6 2RZ.
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.
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:
Motor vehicles
20% straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
89,150 
At 31 December 2024
89,150 
Amortisation
At 1 January 2024
89,150 
At 31 December 2024
89,150 
Net book value
At 31 December 2024
- 
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Premier Engraving And Signs (Scotland) Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
232,804 
164,589 
43,169 
1,285 
6,762 
448,609 
Additions
- 
13,621 
- 
- 
193 
13,814 
At 31 December 2024
232,804 
178,210 
43,169 
1,285 
6,955 
462,423 
Depreciation
At 1 January 2024
52,804 
151,210 
11,434 
1,285 
5,377 
222,110 
Charge for the year
- 
11,048 
7,934 
- 
861 
19,843 
At 31 December 2024
52,804 
162,258 
19,368 
1,285 
6,238 
241,953 
Net book value
At 31 December 2024
180,000 
15,952 
23,801 
- 
717 
220,470 
At 31 December 2023
180,000 
13,379 
31,735 
- 
1,385 
226,499 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
100,644 
105,854 
Other debtors
9,222 
- 
109,866 
105,854 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
51,518 
44,911 
Obligations under finance leases and hire purchase contracts
7,512 
5,995 
Trade creditors
8,669 
1,515 
Taxes and social security
15,152 
33,231 
Other creditors
2,458 
3,436 
Loans from directors
33,855 
21,235 
129,164 
120,323 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,630 
15,630 
Obligations under finance leases and hire purchase contracts
13,220 
17,985 
18,850 
33,615 
9
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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