IRIS Accounts Production v23.3.0.418 06451680 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064516802022-04-30064516802023-04-30064516802022-05-012023-04-30064516802021-04-30064516802021-05-012022-04-30064516802022-04-3006451680ns10:Originalns15:EnglandWales2022-05-012023-04-3006451680ns14:PoundSterlingns10:Original2022-05-012023-04-3006451680ns10:Originalns10:Director12022-05-012023-04-3006451680ns10:Original2022-05-012023-04-3006451680ns10:Original2023-04-3006451680ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3006451680ns10:Originalns10:SmallEntities2022-05-012023-04-3006451680ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3006451680ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3006451680ns10:Originalns10:FullAccounts2022-05-012023-04-3006451680ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-3006451680ns10:Originalns10:Director32022-05-012023-04-3006451680ns10:Originalns10:Director22022-05-012023-04-3006451680ns10:CompanySecretary1ns10:Original2022-05-012023-04-3006451680ns10:Originalns10:RegisteredOffice2022-05-012023-04-3006451680ns10:Original2022-04-3006451680ns10:Originalns5:CurrentFinancialInstruments2023-04-3006451680ns10:Originalns5:CurrentFinancialInstruments2022-04-3006451680ns10:Originalns5:Non-currentFinancialInstruments2023-04-3006451680ns10:Originalns5:Non-currentFinancialInstruments2022-04-3006451680ns5:ShareCapitalns10:Original2023-04-3006451680ns5:ShareCapitalns10:Original2022-04-3006451680ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3006451680ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3006451680ns10:Originalns5:LeaseholdImprovements2022-05-012023-04-3006451680ns10:Originalns5:PlantMachinery2022-05-012023-04-3006451680ns10:Originalns5:FurnitureFittings2022-05-012023-04-3006451680ns10:Originalns5:MotorVehicles2022-05-012023-04-3006451680ns10:Original2021-05-012022-04-3006451680ns10:Originalns5:LeaseholdImprovements2022-04-3006451680ns10:Originalns5:PlantMachinery2022-04-3006451680ns10:Originalns5:FurnitureFittings2022-04-3006451680ns10:Originalns5:MotorVehicles2022-04-3006451680ns10:Original2022-04-3006451680ns10:Originalns5:LeaseholdImprovements2023-04-3006451680ns10:Originalns5:PlantMachinery2023-04-3006451680ns10:Originalns5:FurnitureFittings2023-04-3006451680ns10:Originalns5:MotorVehicles2023-04-3006451680ns10:Originalns5:LeaseholdImprovements2022-04-3006451680ns10:Originalns5:PlantMachinery2022-04-3006451680ns10:Originalns5:FurnitureFittings2022-04-3006451680ns10:Originalns5:MotorVehicles2022-04-3006451680ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-3006451680ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-05-012023-04-3006451680ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3006451680ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-3006451680ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3006451680ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3006451680ns10:Originalns10:OrdinaryShareClass12023-04-3006451680ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3006451680ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-30
REGISTERED NUMBER: 06451680 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

JSCOTTDESIGN LTD

JSCOTTDESIGN LTD (Registered number: 06451680)






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


JSCOTTDESIGN LTD

Company Information
for the Year Ended 30 April 2023







DIRECTORS: S J Deakin
L J Deakin
Mrs K V Deakin





SECRETARY: Mrs K A Deakin





REGISTERED OFFICE: Unit 1
Saltbrook Trading Estate
Saltbrook Road
Halesowen
West Midlands
B63 2QU





REGISTERED NUMBER: 06451680 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

JSCOTTDESIGN LTD (Registered number: 06451680)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 384,138 355,272

CURRENT ASSETS
Stocks 5 5,500 14,466
Debtors 6 53,175 111,576
Cash at bank 219,462 67,213
278,137 193,255
CREDITORS
Amounts falling due within one year 7 235,856 94,823
NET CURRENT ASSETS 42,281 98,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,419

453,704

CREDITORS
Amounts falling due after more than one year 8 (152,397 ) (110,916 )

PROVISIONS FOR LIABILITIES (64,039 ) (67,502 )
NET ASSETS 209,983 275,286

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 209,883 275,186
SHAREHOLDERS' FUNDS 209,983 275,286

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.

JSCOTTDESIGN LTD (Registered number: 06451680)

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 4 October 2023 and were signed on its behalf by:





S J Deakin - Director


JSCOTTDESIGN LTD (Registered number: 06451680)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

JSCOTTDESIGN LTD is a private company, limited by shares , registered in England and Wales. 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.
Improvements to property - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 50% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

JSCOTTDESIGN LTD (Registered number: 06451680)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

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 11 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 27,306 730,267 35,718 18,140 811,431
Additions - 95,800 - - 95,800
At 30 April 2023 27,306 826,067 35,718 18,140 907,231
DEPRECIATION
At 1 May 2022 6,265 402,159 32,823 14,912 456,159
Charge for year 1,092 63,587 1,448 807 66,934
At 30 April 2023 7,357 465,746 34,271 15,719 523,093
NET BOOK VALUE
At 30 April 2023 19,949 360,321 1,447 2,421 384,138
At 30 April 2022 21,041 328,108 2,895 3,228 355,272

JSCOTTDESIGN LTD (Registered number: 06451680)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2022 358,923
Additions 95,800
Transfer to ownership (157,800 )
At 30 April 2023 296,923
DEPRECIATION
At 1 May 2022 134,618
Charge for year 37,010
Transfer to ownership (84,424 )
At 30 April 2023 87,204
NET BOOK VALUE
At 30 April 2023 209,719
At 30 April 2022 224,305

5. STOCKS
30.4.23 30.4.22
£    £   
Stocks 5,500 3,150
Work-in-progress - 11,316
5,500 14,466

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 53,175 81,263
Other debtors - 30,313
53,175 111,576

JSCOTTDESIGN LTD (Registered number: 06451680)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 64,971 56,316
Trade creditors 20,644 17,337
Social security and other taxes 1,401 4,347
VAT 14,105 14,660
Other creditors 1,110 -
Directors' current accounts 997 412
Accruals and deferred income 132,628 1,751
235,856 94,823

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 152,397 110,916

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Hire purchase contracts 217,368 167,232

Hire purchase contracts are secured against the asset to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 May 2022 275,186
Profit for the year 37,597
Dividends (102,900 )
At 30 April 2023 209,883

JSCOTTDESIGN LTD (Registered number: 06451680)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

12. RELATED PARTY DISCLOSURES

The following dividends were paid to directors during the year under review:

Mr S Deakin £56,595
Mrs K Deakin £46,305

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Deakin.