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REGISTERED NUMBER: SC297002 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

BANNERMAN JOHNSTONE MACLAY LIMITED

BANNERMAN JOHNSTONE MACLAY LIMITED (REGISTERED NUMBER: SC297002)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BANNERMAN JOHNSTONE MACLAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: D W Paton
G F Bell
F Haldane



REGISTERED OFFICE: 213 St Vincent Street
Glasgow
G2 5QY



REGISTERED NUMBER: SC297002 (Scotland)



BANKERS: Virgin Money
2 - 4 Royal Exchange Square
Glasgow
G1 3AB

BANNERMAN JOHNSTONE MACLAY LIMITED (REGISTERED NUMBER: SC297002)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 866 1,464
866 1,464

CURRENT ASSETS
Stocks 95,000 55,000
Debtors 6 113,730 121,901
Cash at bank 376,226 367,235
584,956 544,136
CREDITORS
Amounts falling due within one year 7 187,367 190,595
NET CURRENT ASSETS 397,589 353,541
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,455

355,005

CREDITORS
Amounts falling due after more than one
year

8

28,325

38,325
NET ASSETS 370,130 316,680

CAPITAL AND RESERVES
Called up share capital 33 33
Capital redemption reserve 67 67
Retained earnings 370,030 316,580
SHAREHOLDERS' FUNDS 370,130 316,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

BANNERMAN JOHNSTONE MACLAY LIMITED (REGISTERED NUMBER: SC297002)

BALANCE SHEET - continued
30 APRIL 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 7 November 2023 and were signed on its behalf by:





D W Paton - Director


BANNERMAN JOHNSTONE MACLAY LIMITED (REGISTERED NUMBER: SC297002)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Bannerman Johnstone Maclay 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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

Stocks
Work in progress is valued at selling price less provision for non recoverable time.

BANNERMAN JOHNSTONE MACLAY LIMITED (REGISTERED NUMBER: SC297002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including certain creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 24 ) .

BANNERMAN JOHNSTONE MACLAY LIMITED (REGISTERED NUMBER: SC297002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 1,000,000
AMORTISATION
At 1 May 2022
and 30 April 2023 1,000,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 152,559
Additions 812
At 30 April 2023 153,371
DEPRECIATION
At 1 May 2022 151,095
Charge for year 1,410
At 30 April 2023 152,505
NET BOOK VALUE
At 30 April 2023 866
At 30 April 2022 1,464

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 102,591 110,525
Other debtors 11,139 11,376
113,730 121,901

BANNERMAN JOHNSTONE MACLAY LIMITED (REGISTERED NUMBER: SC297002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 167,049 171,664
Other creditors 10,318 8,931
187,367 190,595

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 28,325 38,325

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Bannerman Johnstone Maclay HoldingsLimited.