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REGISTERED NUMBER: SC415826 (Scotland)


















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Colin Johnstone Limited

Colin Johnstone Limited (Registered number: SC415826)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Colin Johnstone Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: C G Johnstone





REGISTERED OFFICE: Sunnyside Farmhouse
Sunnyside Farm
Blairs
Aberdeenshire
AB12 5YA





REGISTERED NUMBER: SC415826 (Scotland)





ACCOUNTANTS: JDD Chartered Accountants
19 Hillcroft Road
Banchory
Kincardineshire
AB31 5TF

Colin Johnstone Limited (Registered number: SC415826)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,567 -

CURRENT ASSETS
Debtors 5 49,915 52,092
Cash at bank 3,319 -
53,234 52,092
CREDITORS
Amounts falling due within one year 6 54,145 51,345
NET CURRENT (LIABILITIES)/ASSETS (911 ) 747
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,656

747

CREDITORS
Amounts falling due after more than one
year

7

6,513

-
NET ASSETS 143 747

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 142 746
SHAREHOLDERS' FUNDS 143 747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Colin Johnstone Limited (Registered number: SC415826)

Balance Sheet - continued
31 January 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 director and authorised for issue on 2 November 2023 and were signed by:





C G Johnstone - Director


Colin Johnstone Limited (Registered number: SC415826)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Colin Johnstone Limited 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.
Plant and machinery etc - 33% on cost and 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Colin Johnstone Limited (Registered number: SC415826)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 7,009
Additions 9,350
At 31 January 2023 16,359
DEPRECIATION
At 1 February 2022 7,009
Charge for year 1,783
At 31 January 2023 8,792
NET BOOK VALUE
At 31 January 2023 7,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors - 25,645
Other debtors 49,915 26,447
49,915 52,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts - 975
Trade creditors 1,147 1,619
Taxation and social security 50,098 47,251
Other creditors 2,900 1,500
54,145 51,345

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Other creditors 6,513 -

Colin Johnstone Limited (Registered number: SC415826)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. RESERVES
Retained
earnings
£   

At 1 February 2022 746
Profit for the year 34,696
Dividends (35,300 )
At 31 January 2023 142

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director operates a current account with the company and as at 31 January 2023 this was in debit by £39,578 (2022: £22,032 in debit).
Dividends totalling £35,300 were paid during the year (2022: £42,000).