R. Pringle (Scotland) Limited

R. Pringle (Scotland) Limited

R. PRINGLE (SCOTLAND) LIMITED - Company Information

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1 January 2019 false No description of principal activity Taxfiler 2020.10 SC043835business:PrivateLimitedCompanyLtd2019-01-012019-12-31 SC0438352018-12-31 SC0438352019-01-012019-12-31 SC043835business:AuditExemptWithAccountantsReport2019-01-012019-12-31 SC043835business:FullAccounts2019-01-012019-12-31 SC0438352019-12-31 SC043835business:Director12019-01-012019-12-31 SC043835business:Director22019-01-012019-12-31 SC043835business:RegisteredOffice2019-01-012019-12-31 SC0438352018-12-31 SC043835core:WithinOneYear2019-12-31 SC043835core:WithinOneYear2018-12-31 SC043835core:ShareCapital2019-12-31 SC043835core:ShareCapital2018-12-31 SC043835core:RetainedEarningsAccumulatedLosses2019-12-31 SC043835core:RetainedEarningsAccumulatedLosses2018-12-31 SC043835business:SmallEntities2019-01-012019-12-31 SC043835countries:Scotland2019-01-012019-12-31 SC043835core:PlantMachinery2019-01-012019-12-31 SC043835core:MotorVehicles2019-01-012019-12-31 SC043835core:FurnitureFittings2019-01-012019-12-31 SC043835core:ComputerEquipment2019-01-012019-12-31 SC043835core:PlantMachinery2018-12-31 SC043835core:MotorVehicles2018-12-31 SC043835core:FurnitureFittings2018-12-31 SC043835core:ComputerEquipment2018-12-31 SC043835core:PlantMachinery2019-12-31 SC043835core:MotorVehicles2019-12-31 SC043835core:FurnitureFittings2019-12-31 SC043835core:ComputerEquipment2019-12-31 SC043835business:OrdinaryShareClass12019-01-012019-12-31 SC043835business:OrdinaryShareClass12018-01-012018-12-31 SC0438352018-01-012018-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC043835 (Scotland)
R. Pringle (Scotland) Limited Unaudited accounts for the year ended 31 December 2019
R. Pringle (Scotland) Limited Unaudited accounts Contents
Page
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R. Pringle (Scotland) Limited Company Information for the year ended 31 December 2019
Directors
Ewan Robert Preston Jane C Preston
Company Number
SC043835 (Scotland)
Registered Office
55/57 James Watt Place College Milton North East Kilbride G74 5HG
Accountants
Aird Sakol Ltd 8 Benview Road Clarkston Toll Glasgow G76 7PP
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R. Pringle (Scotland) Limited Statement of financial position as at 31 December 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
11,868 
30,116 
Investments
5
1 
1 
11,869 
30,117 
Current assets
Inventories
6
33,106 
45,808 
Debtors
7
15,050 
43,112 
Cash at bank and in hand
181,319 
104,610 
229,475 
193,530 
Creditors: amounts falling due within one year
8
(165,250)
(154,837)
Net current assets
64,225 
38,693 
Net assets
76,094 
68,810 
Capital and reserves
Called up share capital
9
5,000 
5,000 
Profit and loss account
71,094 
63,810 
Shareholders' funds
76,094 
68,810 
For the year ending 31 December 2019 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 28 July 2020 and were signed on its behalf by
Ewan Robert Preston Director Company Registration No. SC043835
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R. Pringle (Scotland) Limited Notes to the Accounts for the year ended 31 December 2019
1
Statutory information
R. Pringle (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC043835. The registered office is 55/57 James Watt Place, College Milton North, East Kilbride, G74 5HG.
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
10% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2019
24,413 
70,625 
5,105 
3,558 
103,701 
Additions
- 
12,225 
- 
493 
12,718 
Disposals
- 
(70,625)
- 
- 
(70,625)
At 31 December 2019
24,413 
12,225 
5,105 
4,051 
45,794 
Depreciation
At 1 January 2019
22,307 
43,237 
4,860 
3,181 
73,585 
Charge for the year
211 
3,056 
24 
287 
3,578 
On disposals
- 
(43,237)
- 
- 
(43,237)
At 31 December 2019
22,518 
3,056 
4,884 
3,468 
33,926 
Net book value
At 31 December 2019
1,895 
9,169 
221 
583 
11,868 
At 31 December 2018
2,106 
27,388 
245 
377 
30,116 
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R. Pringle (Scotland) Limited Notes to the Accounts for the year ended 31 December 2019
5
Investments
Other investments 
£ 
Valuation at 1 January 2019
1 
Valuation at 31 December 2019
1 
6
Inventories
2019 
2018 
£ 
£ 
Finished goods
33,106 
45,808 
33,106 
45,808 
7
Debtors
2019 
2018 
£ 
£ 
Trade debtors
15,050 
43,112 
8
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Bank loans and overdrafts
- 
11,750 
Trade creditors
3,994 
4,548 
Taxes and social security
847 
11,685 
Loans from directors
157,959 
125,263 
Accruals
2,450 
1,591 
165,250 
154,837 
9
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000 
5,000 
10
Average number of employees
During the year the average number of employees was 5 (2018: 5).
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