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REGISTERED NUMBER: SC627953 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

SCOTT JAMES & ASSOCIATES LTD

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)






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


SCOTT JAMES & ASSOCIATES LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: S James





REGISTERED OFFICE: Fyfe Moir Associates Limited
1st Floor, 5 Abercrombie Court
Arnhall Business Park, Prospect Road
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC627953 (Scotland)





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

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

Balance Sheet
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,039,270 596,056
Tangible assets 5 3,478 3,431
1,042,748 599,487

CURRENT ASSETS
Debtors 6 113,922 104,329
Cash at bank 31,912 17,079
145,834 121,408
CREDITORS
Amounts falling due within one year 7 351,306 188,975
NET CURRENT LIABILITIES (205,472 ) (67,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

837,276

531,920

CREDITORS
Amounts falling due after more than one
year

8

659,318

380,149
NET ASSETS 177,958 151,771

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 177,858 151,671
177,958 151,771

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 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.

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

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 director and authorised for issue on 21 August 2023 and were signed by:





S James - Director


SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Scott James & Associates 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.

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

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
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.

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022 747,604
Additions 563,421
At 30 April 2023 1,311,025
AMORTISATION
At 1 May 2022 151,548
Charge for year 120,207
At 30 April 2023 271,755
NET BOOK VALUE
At 30 April 2023 1,039,270
At 30 April 2022 596,056

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 5,224
Additions 2,136
At 30 April 2023 7,360
DEPRECIATION
At 1 May 2022 1,793
Charge for year 2,089
At 30 April 2023 3,882
NET BOOK VALUE
At 30 April 2023 3,478
At 30 April 2022 3,431

6. DEBTORS
30.4.23 30.4.22
£    £   
Amounts falling due within one year:
Trade debtors 77,014 68,035
Other debtors 23,157 17,386
100,171 85,421

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. DEBTORS - continued
30.4.23 30.4.22
£    £   
Amounts falling due after more than one year:
Other debtors 13,751 18,908

Aggregate amounts 113,922 104,329

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 8,999 6,657
Taxation and social security 80,476 54,515
Other creditors 261,831 127,803
351,306 188,975

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other creditors 659,318 380,149

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 154,105 12,813

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.23 30.4.22
£    £   
Within one year 10,401 2,069

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
S James
Balance outstanding at start of year 12,229 (3,999 )
Amounts advanced 3,363 18,728
Amounts repaid (18,513 ) (2,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,921 ) 12,229