1 February 2024 false Taxfiler 2024.6 SC585083 business:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC585083 2024-01-31 SC585083 2024-02-01 2025-01-31 SC585083 business:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 SC585083 business:FilletedAccounts 2024-02-01 2025-01-31 SC585083 2025-01-31 SC585083 business:Director1 2024-02-01 2025-01-31 SC585083 business:RegisteredOffice 2024-02-01 2025-01-31 SC585083 2024-01-31 SC585083 core:WithinOneYear 2025-01-31 SC585083 core:WithinOneYear 2024-01-31 SC585083 core:AfterOneYear 2025-01-31 SC585083 core:AfterOneYear 2024-01-31 SC585083 core:ShareCapital core:PreviouslyStatedAmount 2025-01-31 SC585083 core:ShareCapital core:PreviouslyStatedAmount 2024-01-31 SC585083 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-01-31 SC585083 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-01-31 SC585083 core:PreviouslyStatedAmount 2025-01-31 SC585083 core:PreviouslyStatedAmount 2024-01-31 SC585083 business:SmallEntities 2024-02-01 2025-01-31 SC585083 countries:Scotland 2024-02-01 2025-01-31 SC585083 core:PlantMachinery 2024-02-01 2025-01-31 SC585083 core:MotorVehicles 2024-02-01 2025-01-31 SC585083 core:LandBuildings 2024-01-31 SC585083 core:PlantMachinery 2024-01-31 SC585083 core:MotorVehicles 2024-01-31 SC585083 core:FurnitureFittings 2024-01-31 SC585083 core:LandBuildings 2024-02-01 2025-01-31 SC585083 core:FurnitureFittings 2024-02-01 2025-01-31 SC585083 core:LandBuildings 2025-01-31 SC585083 core:PlantMachinery 2025-01-31 SC585083 core:MotorVehicles 2025-01-31 SC585083 core:FurnitureFittings 2025-01-31 SC585083 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC585083 (Scotland)
Prestige Floors Scotland Ltd Unaudited accounts for the year ended 31 January 2025
Prestige Floors Scotland Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Prestige Floors Scotland Ltd Company Information for the year ended 31 January 2025
Director
Karen Hill
Company Number
SC585083 (Scotland)
Registered Office
50 CAUSEYSIDE STREET PAISLEY PA1 1YW UNITED KINGDOM
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
- 3 -
Prestige Floors Scotland Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
190,758
202,862
Current assets
Inventories
14,880
12,400
Debtors
5
3,170
27,705
Cash at bank and in hand
30,325
15,830
48,375
55,935
Creditors: amounts falling due within one year
6
(29,269)
(16,957)
Net current assets
19,106
38,978
Total assets less current liabilities
209,864
241,840
Creditors: amounts falling due after more than one year
7
(224,885)
(176,683)
Net (liabilities)/assets
(15,021)
65,157
Capital and reserves
Called up share capital
1
1
Profit and loss account
(15,022)
65,156
Shareholders' funds
(15,021)
65,157
For the year ending 31 January 2025 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 her 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 October 2025 and were signed on its behalf by
Karen Hill Director Company Registration No. SC585083
- 4 -
Prestige Floors Scotland Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Prestige Floors Scotland Ltd is a private company, limited by shares, registered in Scotland, registration number SC585083. The registered office is 50 CAUSEYSIDE STREET, PAISLEY, PA1 1YW, UNITED KINGDOM.
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
Motor vehicles
20% reducing
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
85,000
35,531
141,986
40,318
302,835
Additions
-
-
21,450
-
21,450
Disposals
-
-
(19,498)
-
(19,498)
At 31 January 2025
85,000
35,531
143,938
40,318
304,787
Depreciation
At 1 February 2024
-
22,695
68,465
8,813
99,973
Charge for the year
-
2,567
14,704
6,301
23,572
On disposals
-
-
(9,516)
-
(9,516)
At 31 January 2025
-
25,262
73,653
15,114
114,029
Net book value
At 31 January 2025
85,000
10,269
70,285
25,204
190,758
At 31 January 2024
85,000
12,836
73,521
31,505
202,862
- 5 -
Prestige Floors Scotland Ltd Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
3,170
5,408
Trade debtors
-
22,297
3,170
27,705
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
24,272
13,376
Taxes and social security
4,997
3,581
29,269
16,957
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
7,249
7,249
Obligations under finance leases and hire purchase contracts
24,901
12,616
Loans from directors
192,735
156,818
224,885
176,683
8
Average number of employees
During the year the average number of employees was 8 (2024: 9).
- 6 -