Company Registration No. SC636966 (Scotland)
PAICO UMBRELLA LTD
Unaudited accounts
for the year ended 31 July 2021
PAICO UMBRELLA LTD
Unaudited accounts
Contents
PAICO UMBRELLA LTD
Company Information
for the year ended 31 July 2021
Directors
Mr Pius Ayogu
Wacas Ahmed
Company Number
SC636966 (Scotland)
Registered Office
47 BROAD STREET
GLASGOW
G40 2QW
SCOTLAND
PAICO UMBRELLA LTD
Statement of financial position
as at
31 July 2021
Cash at bank and in hand
6,890
77,572
Creditors: amounts falling due within one year
(6,051)
(58,140)
Net current assets
839
19,432
Total assets less current liabilities
4,529
19,432
Creditors: amounts falling due after more than one year
(33,758)
(35,000)
Net liabilities
(29,229)
(15,568)
Called up share capital
10
10
Profit and loss account
(29,239)
(15,578)
Shareholders' funds
(29,229)
(15,568)
For the year ending 31 July 2021 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.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2022 and were signed on its behalf by
Mr Pius Ayogu
Director
Company Registration No. SC636966
PAICO UMBRELLA LTD
Notes to the Accounts
for the year ended 31 July 2021
PAICO UMBRELLA LTD is a private company, limited by shares, registered in Scotland, registration number SC636966. The registered office is 47 BROAD STREET, GLASGOW, G40 2QW, SCOTLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
6,051
6,090
Loans from directors
-
52,050
PAICO UMBRELLA LTD
Notes to the Accounts
for the year ended 31 July 2021
6
Creditors: amounts falling due after more than one year
2021
2020
7
Average number of employees
During the year the average number of employees was 5 (2020: 5).