P&P Joinery Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC457246 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2022

for

P&P Joinery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Parlane

C Pender

REGISTERED OFFICE:

Scottcourt House

West Princes Street

Helensburgh

G84 8BP

REGISTERED NUMBER:

SC457246 (Scotland)

ACCOUNTANTS:

Macleod Fulton

Scottcourt House

West Princes Street

Helensburgh

Argyll & Bute

G84 8BP

FIXED ASSETS

Tangible assets

4

4,464

5,952

CURRENT ASSETS

Debtors

5

11,648

12,052

Cash at bank

4,985

1,147

16,633

13,199

CREDITORS

Amounts falling due within one year

6

19,824

15,992

NET CURRENT LIABILITIES

(3,191

)

(2,793

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,273

3,159

CREDITORS

Amounts falling due after more than one year

7

-

2,288

NET ASSETS

1,273

871

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,173

771

SHAREHOLDERS' FUNDS

1,273

871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 30 May 2023 and were signed on its behalf by:

A Parlane - Director

1.	STATUTORY INFORMATION

P&P Joinery Limited 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

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 reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2021

and 31 August 2022

17,678

DEPRECIATION

At 1 September 2021

11,726

Charge for year

1,488

At 31 August 2022

13,214

NET BOOK VALUE

At 31 August 2022

4,464

At 31 August 2021

5,952

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Other debtors

11,648

12,052

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Hire purchase contracts

2,288

2,745

Taxation and social security

7,011

3,934

Other creditors

10,525

9,313

19,824

15,992

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.22

31.8.21

£

£

Hire purchase contracts

-

2,288

8.	CONTINGENT LIABILITIES

As at 31 August 2022 the company had no contingent liabilities (2021 - £nil).

9.	CAPITAL COMMITMENTS

As at 31 August 2022 the company had no capital commitments (2021 - £nil).

10.	RELATED PARTY DISCLOSURES