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REGISTERED NUMBER: SC373021 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

JSD JOINERIES LTD

JSD JOINERIES LTD (REGISTERED NUMBER: SC373021)






Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JSD JOINERIES LTD

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: L C Thom
Mrs J A Thom





REGISTERED OFFICE: First Floor, 5 Abercrombie Court
Prospect Road, Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC373021 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

JSD JOINERIES LTD (REGISTERED NUMBER: SC373021)

Balance Sheet
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,171 8,787

CURRENT ASSETS
Stocks 7,718 11,536
Debtors 5 21,718 20,921
Cash at bank 25,753 16,944
55,189 49,401
CREDITORS
Amounts falling due within one year 6 16,690 20,335
NET CURRENT ASSETS 38,499 29,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,670

37,853

CREDITORS
Amounts falling due after more than one year 7 - (2,388 )

PROVISIONS FOR LIABILITIES 8 (844 ) (1,117 )
NET ASSETS 44,826 34,348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,726 34,248
SHAREHOLDERS' FUNDS 44,826 34,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

JSD JOINERIES LTD (REGISTERED NUMBER: SC373021)

Balance Sheet - continued
28 FEBRUARY 2023


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 2 October 2023 and were signed on its behalf by:





L C Thom - Director


JSD JOINERIES LTD (REGISTERED NUMBER: SC373021)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

JSD Joineries Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

JSD JOINERIES LTD (REGISTERED NUMBER: SC373021)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 1,607 23,254 1,945 26,806
Additions 799 - - 799
Disposals (1,254 ) - (1,195 ) (2,449 )
At 28 February 2023 1,152 23,254 750 25,156
DEPRECIATION
At 1 March 2022 1,404 14,670 1,945 18,019
Charge for year 269 2,146 - 2,415
Eliminated on disposal (1,254 ) - (1,195 ) (2,449 )
At 28 February 2023 419 16,816 750 17,985
NET BOOK VALUE
At 28 February 2023 733 6,438 - 7,171
At 28 February 2022 203 8,584 - 8,787

JSD JOINERIES LTD (REGISTERED NUMBER: SC373021)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 23,254
DEPRECIATION
At 1 March 2022 14,670
Charge for year 2,146
At 28 February 2023 16,816
NET BOOK VALUE
At 28 February 2023 6,438
At 28 February 2022 8,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 2,580
Tax 17,206 14,879
VAT 4,343 3,306
Prepayments and accrued income 169 156
21,718 20,921

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 2,388 3,581
Trade creditors 1,427 6,286
Tax 11,645 9,435
Other creditors 700 700
Directors' current accounts 348 266
Accrued expenses 182 67
16,690 20,335

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts - 2,388

JSD JOINERIES LTD (REGISTERED NUMBER: SC373021)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 844 1,117

Deferred
tax
£   
Balance at 1 March 2022 1,117
Movement in year (273 )
Balance at 28 February 2023 844