R. Pringle (Scotland) Limited

R. Pringle (Scotland) Limited

R. PRINGLE (SCOTLAND) LIMITED - Company Information

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1 January 2016 false No description of principal activity Taxfiler 2017.31.Web SC043835business:PrivateLimitedCompanyLtd2016-01-012016-12-31 SC0438352015-12-31 SC0438352016-01-012016-12-31 SC043835business:AuditExemptWithAccountantsReport2016-01-012016-12-31 SC043835business:FullAccounts2016-01-012016-12-31 SC0438352016-12-31 SC043835business:Director12016-01-012016-12-31 SC043835business:Director22016-01-012016-12-31 SC043835business:RegisteredOffice2016-01-012016-12-31 SC0438352015-12-31 SC043835core:WithinOneYear2016-12-31 SC043835core:WithinOneYear2015-12-31 SC043835core:ShareCapital2016-12-31 SC043835core:ShareCapital2015-12-31 SC043835core:RetainedEarningsAccumulatedLosses2016-12-31 SC043835core:RetainedEarningsAccumulatedLosses2015-12-31 SC043835business:SmallEntities2016-01-012016-12-31 SC043835countries:Scotland2016-01-012016-12-31 SC043835core:PlantMachinery2016-01-012016-12-31 SC043835core:MotorVehicles2016-01-012016-12-31 SC043835core:FurnitureFittings2016-01-012016-12-31 SC043835core:ComputerEquipment2016-01-012016-12-31 SC043835core:PlantMachinery2015-12-31 SC043835core:MotorVehicles2015-12-31 SC043835core:FurnitureFittings2015-12-31 SC043835core:ComputerEquipment2015-12-31 SC043835core:PlantMachinery2016-12-31 SC043835core:MotorVehicles2016-12-31 SC043835core:FurnitureFittings2016-12-31 SC043835core:ComputerEquipment2016-12-31 SC0438352015-01-012015-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC043835 (Scotland)
R. Pringle (Scotland) Limited Unaudited accounts for the year ended 31 December 2016
R. Pringle (Scotland) Limited Unaudited accounts Contents
Page
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R. Pringle (Scotland) Limited Company Information for the year ended 31 December 2016
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 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
38,604 
53,732 
Investments
5
1 
1 
38,605 
53,733 
Current assets
Inventories
6
42,508 
41,750 
Debtors
7
22,967 
16,554 
Cash at bank and in hand
100,003 
116,708 
165,478 
175,012 
Creditors: amounts falling due within one year
8
(48,905)
(57,077)
Net current assets
116,573 
117,935 
Net assets
155,178 
171,668 
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
150,178 
166,668 
Shareholders' funds
155,178 
171,668 
For the year ending 31 December 2016 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.
Approved by the Board on 21 September 2017.
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 2016
1
Statutory information
R. Pringle (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC043835. The registered office and principal place of business 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
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
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R. Pringle (Scotland) Limited Notes to the Accounts for the year ended 31 December 2016
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 2016
24,413 
82,350 
5,105 
3,078 
114,946 
Disposals
- 
(19,100)
- 
- 
(19,100)
At 31 December 2016
24,413 
63,250 
5,105 
3,078 
95,846 
Depreciation
At 1 January 2016
21,524 
32,027 
4,769 
2,894 
61,214 
Charge for the year
289 
11,859 
34 
61 
12,243 
On disposals
- 
(16,215)
- 
- 
(16,215)
At 31 December 2016
21,813 
27,671 
4,803 
2,955 
57,242 
Net book value
At 31 December 2016
2,600 
35,579 
302 
123 
38,604 
At 31 December 2015
2,889 
50,323 
336 
184 
53,732 
5
Investments
Other investments 
£ 
Valuation at 1 January 2016
1 
Valuation at 31 December 2016
1 
6
Inventories
2016 
2015 
£ 
£ 
Finished goods
42,508 
41,750 
42,508 
41,750 
7
Debtors
2016 
2015 
£ 
£ 
Trade debtors
22,967 
16,189 
Other debtors
- 
365 
22,967 
16,554 
8
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Bank loans and overdrafts
26,150 
33,350 
Trade creditors
6,769 
6,721 
Taxes and social security
8,261 
9,300 
Loans from directors
6,099 
6,099 
Accruals
1,626 
1,607 
48,905 
57,077 
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R. Pringle (Scotland) Limited Notes to the Accounts for the year ended 31 December 2016
9
Average number of employees
During the year the average number of employees was 5 (2015: 5).
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