Pentland Assessment Centres Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC202022 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Pentland Assessment Centres Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J B Owens

Mrs C Owens

SECRETARY:

Mrs C Owens

REGISTERED OFFICE:

Lothian House

33-41 Kelvin Avenue

Hillington

Glasgow

G52 4LT

REGISTERED NUMBER:

SC202022 (Scotland)

ACCOUNTANTS:

cbs (Scotland) Ltd

33 Laird Street

Coatbridge

Lanarkshire

ML5 3LW

FIXED ASSETS

Tangible assets

4

2,427

3,078

CURRENT ASSETS

Stocks

74,778

105,000

Debtors

5

262,878

123,626

Cash at bank and in hand

3,093

997

340,749

229,623

CREDITORS

Amounts falling due within one year

6

(204,415

)

(104,204

)

NET CURRENT ASSETS

136,334

125,419

TOTAL ASSETS LESS CURRENT LIABILITIES

138,761

128,497

CREDITORS

Amounts falling due after more than one year

7

(90,519

)

(100,456

)

PROVISIONS FOR LIABILITIES

(326

)

(540

)

NET ASSETS

47,916

27,501

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

47,816

27,401

47,916

27,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

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 22 March 2022 and were signed on its behalf by:

J B Owens - Director

1.	STATUTORY INFORMATION

Pentland Assessment Centres 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.

Tangible fixed assets

Tangible fixed assets are recognised at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

60,260

Additions

1,136

At 31 March 2021

61,396

DEPRECIATION

At 1 April 2020

57,182

Charge for year

1,787

At 31 March 2021

58,969

NET BOOK VALUE

At 31 March 2021

2,427

At 31 March 2020

3,078

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Other debtors

262,878

123,626

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

93,558

47,401

Trade creditors

12,491

33,987

Taxation and social security

86,467

406

Other creditors

11,899

22,410

204,415

104,204

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Other creditors

90,519

100,456

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the directors owed the company, £198,338 (2020 - £116,359).