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Unaudited Financial Statements for the Year Ended 30 April 2018 |
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Presentation Technology Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 April 2018 |
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Presentation Technology Limited |
Presentation Technology Limited (Registered number: SC427086) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Presentation Technology Limited |
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Company Information |
for the Year Ended 30 April 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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76 Dumbarton Road |
Clydebank |
Glasgow |
G81 1UG |
Presentation Technology Limited (Registered number: SC427086) |
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Balance Sheet |
30 April 2018 |
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30.4.18 | 30.4.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Presentation Technology Limited (Registered number: SC427086) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
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1. | STATUTORY INFORMATION |
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Presentation Technology Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company meets its working capital requirements through the support of a related party; Dunhill & |
McGrouther Ltd. The director has indicated that this support will continue. |
Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis. |
The financial statements do not include any adjustments that would result from a withdrawal of these financial |
resources. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 May 2017 |
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Additions |
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At 30 April 2018 |
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DEPRECIATION |
At 1 May 2017 |
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Charge for year |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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Presentation Technology Limited (Registered number: SC427086) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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Included in Other debtors at 30 April 2018 is a balance due by VIP System Ltd - £9,363. Other creditors |
includes a balance due to Dunhill and McGrouther Limited of £159,639 (2017 - £62,212). |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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9. | GOING CONCERN |
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The company's liabilities exceeded its assets by £75,593 at the year end date. However, the director considers |
the going concern principle to be appropriate due to continued support from a related party, Dunhill and |
McGrouther Ltd. The company has indicated that this support will continue for the foreseeable future. Should |
this support be withdrawn it would be necessary to adjust the assets to reflect their realisable values. |