Paterson Group Scotland Ltd

Paterson Group Scotland Ltd

PATERSON GROUP SCOTLAND LTD - Company Information

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30 July 2019 false No description of principal activity Taxfiler 2021.2.1 SC637393business:PrivateLimitedCompanyLtd2019-07-302020-07-31 SC6373932019-07-29 SC6373932019-07-302020-07-31 SC637393business:AuditExempt-NoAccountantsReport2019-07-302020-07-31 SC637393business:FullAccounts2019-07-302020-07-31 SC6373932020-07-31 SC637393business:Director12019-07-302020-07-31 SC637393business:RegisteredOffice2019-07-302020-07-31 SC637393core:WithinOneYear2020-07-31 SC637393core:ShareCapital2020-07-31 SC637393core:RetainedEarningsAccumulatedLosses2020-07-31 SC637393business:SmallEntities2019-07-302020-07-31 SC637393countries:Scotland2019-07-302020-07-31 SC637393core:MotorVehicles2019-07-302020-07-31 SC637393core:FurnitureFittings2019-07-302020-07-31 SC637393core:ComputerEquipment2019-07-302020-07-31 SC637393core:MotorVehicles2019-07-29 SC637393core:FurnitureFittings2019-07-29 SC637393core:ComputerEquipment2019-07-29 SC637393core:MotorVehicles2020-07-31 SC637393core:FurnitureFittings2020-07-31 SC637393core:ComputerEquipment2020-07-31 SC637393business:Director112019-07-302020-07-31 SC637393business:Director112019-07-29 SC637393business:Director112020-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC637393 (Scotland)
Paterson Group Scotland Ltd Unaudited accounts for the period from 30 July 2019 to 31 July 2020
Paterson Group Scotland Ltd Unaudited accounts Contents
Page
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Paterson Group Scotland Ltd Company Information for the period from 30 July 2019 to 31 July 2020
Director
E Paterson
Company Number
SC637393 (Scotland)
Registered Office
61 GEORGE STREET PERTH PH1 5LB SCOTLAND
Accountants
Brown and Longhorn 61 George Street Perth PH1 5LB
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Paterson Group Scotland Ltd Statement of financial position as at 31 July 2020
2020 
Notes
£ 
Fixed assets
Tangible assets
4
17,740 
Current assets
Inventories
190,741 
Debtors
5
17,125 
Cash at bank and in hand
13,558 
221,424 
Creditors: amounts falling due within one year
6
(254,165)
Net current liabilities
(32,741)
Net liabilities
(15,001)
Capital and reserves
Called up share capital
100 
Profit and loss account
(15,101)
Shareholders' funds
(15,001)
For the period ending 31 July 2020 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 28 April 2021 and were signed on its behalf by
E Paterson Director Company Registration No. SC637393
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Paterson Group Scotland Ltd Notes to the Accounts for the period from 30 July 2019 to 31 July 2020
1
Statutory information
Paterson Group Scotland Ltd is a private company, limited by shares, registered in Scotland, registration number SC637393. The registered office is 61 GEORGE STREET, PERTH, PH1 5LB, 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.
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 period, 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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Pension costs
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.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 30 July 2019
- 
- 
- 
- 
Additions
10,420 
10,000 
3,233 
23,653 
At 31 July 2020
10,420 
10,000 
3,233 
23,653 
Depreciation
Charge for the period
2,605 
2,500 
808 
5,913 
At 31 July 2020
2,605 
2,500 
808 
5,913 
Net book value
At 31 July 2020
7,815 
7,500 
2,425 
17,740 
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Paterson Group Scotland Ltd Notes to the Accounts for the period from 30 July 2019 to 31 July 2020
5
Debtors
2020 
£ 
Less than one year
Trade debtors
17,125 
Greater than one year
Total debtors
17,125 
6
Creditors: amounts falling due within one year
2020 
£ 
Bank loans and overdrafts
50,000 
VAT
73,858 
Obligations under finance leases and hire purchase contracts
4,173 
Trade creditors
126,697 
Taxes and social security
15,745 
Other creditors
50,000 
Loans from directors
(66,308)
254,165 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
E Paterson
Directors Loan Account
- 
66,308 
- 
66,308 
- 
66,308 
- 
66,308 
Interest has been charged on the loan at the prevailing rate. The loan is repayable on demand.
8
Average number of employees
During the period the average number of employees was 4.
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