IRIS Accounts Production v23.3.0.418 SC180461 director 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1804612022-07-31SC1804612023-07-31SC1804612022-08-012023-07-31SC1804612021-07-31SC1804612021-08-012022-07-31SC1804612022-07-31SC180461ns10:Originalns15:Scotland2022-08-012023-07-31SC180461ns14:PoundSterlingns10:Original2022-08-012023-07-31SC180461ns10:Originalns10:Director12022-08-012023-07-31SC180461ns10:Original2022-08-012023-07-31SC180461ns10:Original2023-07-31SC180461ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC180461ns10:Originalns10:SmallEntities2022-08-012023-07-31SC180461ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC180461ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC180461ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-31SC180461ns10:Originalns10:FullAccounts2022-08-012023-07-31SC180461ns10:Original12022-08-012023-07-31SC180461ns10:CompanySecretary1ns10:Original2022-08-012023-07-31SC180461ns10:Originalns10:RegisteredOffice2022-08-012023-07-31SC180461ns10:Original2022-07-31SC180461ns10:Originalns5:CurrentFinancialInstruments2023-07-31SC180461ns10:Originalns5:CurrentFinancialInstruments2022-07-31SC180461ns10:Originalns5:Non-currentFinancialInstruments2023-07-31SC180461ns10:Originalns5:Non-currentFinancialInstruments2022-07-31SC180461ns5:ShareCapitalns10:Original2023-07-31SC180461ns5:ShareCapitalns10:Original2022-07-31SC180461ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-31SC180461ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-31SC180461ns10:Originalns5:NetGoodwill2022-08-012023-07-31SC180461ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-012023-07-31SC180461ns10:Original2021-08-012022-07-31SC180461ns10:Originalns5:NetGoodwill2022-07-31SC180461ns10:Originalns5:NetGoodwill2023-07-31SC180461ns10:Originalns5:NetGoodwill2022-07-31SC180461ns10:Originalns5:PlantMachinery2022-07-31SC180461ns10:Originalns5:MotorVehicles2022-07-31SC180461ns10:Originalns5:ComputerEquipment2022-07-31SC180461ns10:Original2022-07-31SC180461ns10:Originalns5:PlantMachinery2022-08-012023-07-31SC180461ns10:Originalns5:MotorVehicles2022-08-012023-07-31SC180461ns10:Originalns5:ComputerEquipment2022-08-012023-07-31SC180461ns10:Originalns5:PlantMachinery2023-07-31SC180461ns10:Originalns5:MotorVehicles2023-07-31SC180461ns10:Originalns5:ComputerEquipment2023-07-31SC180461ns10:Originalns5:PlantMachinery2022-07-31SC180461ns10:Originalns5:MotorVehicles2022-07-31SC180461ns10:Originalns5:ComputerEquipment2022-07-31SC180461ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-31SC180461ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-012023-07-31SC180461ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-31SC180461ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-31SC180461ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31SC180461ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31SC180461ns5:Securedns10:Original2023-07-31SC180461ns5:Securedns10:Original2022-07-31
REGISTERED NUMBER: SC180461 (Scotland)
















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

J.A. Alexander & Son Ltd.

J.A. Alexander & Son Ltd. (Registered number: SC180461)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.A. Alexander & Son Ltd.

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr J M Alexander





SECRETARY: Mrs R Alexander





REGISTERED OFFICE: No 4 Brickrow
Auchincruive
Ayr
Ayrshire
KA6 5AD





REGISTERED NUMBER: SC180461 (Scotland)






J.A. Alexander & Son Ltd. (Registered number: SC180461)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 317,483 278,184
317,483 278,184

CURRENT ASSETS
Stocks 10,223 11,500
Debtors 6 321,487 394,432
Cash at bank 272,980 258,197
604,690 664,129
CREDITORS
Amounts falling due within one year 7 243,149 333,354
NET CURRENT ASSETS 361,541 330,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

679,024

608,959

CREDITORS
Amounts falling due after more than one
year

8

(85,171

)

(46,671

)

PROVISIONS FOR LIABILITIES (76,675 ) (50,124 )
NET ASSETS 517,178 512,164

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 517,078 512,064
SHAREHOLDERS' FUNDS 517,178 512,164

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

J.A. Alexander & Son Ltd. (Registered number: SC180461)

Balance Sheet - continued
31 July 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





Mr J M Alexander - Director


J.A. Alexander & Son Ltd. (Registered number: SC180461)

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

1. STATUTORY INFORMATION

J.A. Alexander & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The director and officers of the company review the company's working capital requirements on a day to day basis, taking account of the current level of resources, trading performance and future work load and financial commitments. As a consequence of this review they arrange finances accordingly to provide sufficient resources to meet commitments as they fall due. On this basis, and having carried out a review for the next year, the director is satisfied that commitments will be met over that time period and as such the accounts have been prepared on a going concern basis.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the Company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The Company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the Company's activities are met.

Goodwill
Goodwill arising on an acquisition of a trade is the difference between the fair value of the consideration paid and the fair value of the assets and liabilities acquired. Positive goodwill is capitalised and amortised through the profit and loss account over the director's estimate of its useful economic life which is 10 years. Impairment tests on the carrying value of goodwill are undertaken;

- at the end of the first full financial year following acquisition;
- in other period if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

J.A. Alexander & Son Ltd. (Registered number: SC180461)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. 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
Office equipment - 25% on reducing balance

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables
Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities
Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments
A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


J.A. Alexander & Son Ltd. (Registered number: SC180461)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable over the term of the lease. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the profit and loss account over the shorter of estimated useful economic life and the period of the lease.

Lease payments are analysed between capital and interest components so that the interest element of the payment is charged to the profit and loss account over the period of the lease and is calculated so that it represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.

All other leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight line basis over the terms of the lease.

Pension costs and other post-retirement benefits
The company operates a money purchase pension scheme in the form of employee personal pension plans. The contracts are between the individual and the pension provider and all funds are held externally by a third party pension provider. Pension contributions are charged to the profit and loss account in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 5,293
AMORTISATION
At 1 August 2022
and 31 July 2023 5,293
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

J.A. Alexander & Son Ltd. (Registered number: SC180461)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 210,713 712,656 7,574 930,943
Additions 4,507 147,750 - 152,257
Disposals (68,500 ) (131,495 ) - (199,995 )
At 31 July 2023 146,720 728,911 7,574 883,205
DEPRECIATION
At 1 August 2022 178,800 467,623 6,336 652,759
Charge for year 4,908 77,097 334 82,339
Eliminated on disposal (58,089 ) (111,287 ) - (169,376 )
At 31 July 2023 125,619 433,433 6,670 565,722
NET BOOK VALUE
At 31 July 2023 21,101 295,478 904 317,483
At 31 July 2022 31,913 245,033 1,238 278,184

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 222,377
Additions 134,250
At 31 July 2023 356,627
DEPRECIATION
At 1 August 2022 131,820
Charge for year 33,827
At 31 July 2023 165,647
NET BOOK VALUE
At 31 July 2023 190,980
At 31 July 2022 90,557

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 315,685 386,637
Other debtors 5,802 7,795
321,487 394,432

J.A. Alexander & Son Ltd. (Registered number: SC180461)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,050 9,707
Hire purchase contracts 37,847 22,427
Trade creditors 176,680 233,042
Taxation and social security 11,605 62,398
Other creditors 6,967 5,780
243,149 333,354

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,338 32,387
Hire purchase contracts 62,833 14,284
85,171 46,671

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 32,290 42,094
Hire purchase contracts 100,680 36,711
132,970 78,805

The bank loan is guaranteed under the Government's bounce back loan scheme. Interest is chargeable at a commercial rate of interest.

The finance lease and hire purchase liabilities are secured over the assets being financed and by personal guarantee of the director in relation to specific agreements.

10. RELATED PARTY DISCLOSURES

A rental for yard hire amounting to £10,220 (2022: £10,920) was paid to Rosemary Alexander, company secretary, during the year.

Director's Loan Account
At the year end, the balance due to the director was £2,592 (2022: £1,229). This loan is unsecured, interest free and has no fixed repayment terms.

11. CONTROLLING PARTY

The company is under the control of the director due to his majority shareholding in the company.