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Unaudited Financial Statements for the Year Ended 31 December 2018 |
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Pratt Bros ( Edinburgh) Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2018 |
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for |
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Pratt Bros ( Edinburgh) Ltd |
Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Pratt Bros ( Edinburgh) Ltd |
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Company Information |
for the Year Ended 31 December 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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13-15 Morningside Drive |
EDINBURGH |
EH10 5LZ |
Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072) |
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Balance Sheet |
31 December 2018 |
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31.12.18 | 31.12.17 |
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 and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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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 |
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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. |
Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072) |
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Balance Sheet - continued |
31 December 2018 |
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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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Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2018 |
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1. | STATUTORY INFORMATION |
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Pratt Bros ( Edinburgh) Ltd 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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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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Turnover represents the invoiced value, net of Value Added Tax, of goods sold and services provided to |
customers and, in the case of long term contracts, credit is taken appropriate to the stage of completion when the |
outcome of the contract can be assessed with reasonable certainty. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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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. |
Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Long term contracts |
Long term contracts are assessed on a contract by contract basis and reflected in the profit and loss account by |
recording turnover and related costs as contract activity progresses. Turnover is ascertained in a manner |
appropriate to the stage of completion of the contract, and credit taken for profit earned to date when the |
outcome appropriate to the stage of completion of the contract, and credit taken for profit earned to date when |
the outcome of the contract can be assessed with reasonable certainly.the amount by which turnover exceeds |
payments on account is classified as "amounts recoverable on long term contracts" and included in debtors. to |
the extent that the payments on accounts exceed relevant turnover, the excess in included as a creditor.The |
amount of long term contracts, at cost net of amounts transferred o cost of sales, less provision for foreseeable |
losses and payments on account not matched with turnover, is included within stocks. |
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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 January 2018 |
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Additions |
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At 31 December 2018 |
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DEPRECIATION |
At 1 January 2018 |
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Charge for year |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Amounts recoverable on contract |
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Other debtors |
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Pratt Bros ( Edinburgh) Ltd (Registered number: SC010072) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Taxation and social security |
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8. | RELATED PARTY TRANSACTIONS |
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During the year Pratt Bros (Edinburgh) Limited paid net expenses on behalf of PBE (Holdings) Limited, its |
parent company, amounting to £nil (2017: £nil),and paid dividends to PBE ( Holdings) Limited amounting to |
£nil (2017:£nil). PBE (Holdings) Limited paid expenses on behalf of Pratt Bros (Edinburgh) Limited of £nil |
(2017: £451). At 31 December 2018 the company was due £nil (2017: £nil) to PBE (Holdings) Limited. |
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Pratt Bros (Edinburgh) Limited paid expenses on behalf of Pratt Bros (Exhibitions) Limited a subsidiary of PBE |
( Holdings) Limited amounting to £8,615( 2017: £797). They also charged management fees in the sum of |
£54,558 to the same company. At 31 December 2018 the company was due £775(2017: £39,473) from Pratt |
Bros (Exhibitions) Limited. |
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9. | ULTIMATE CONTROLLING PARTY |
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The controlling party is K J Hope. |