Company Registration No. SC399524 (Scotland)
Jims Mowing (Perthshire) Limited
Unaudited accounts
for the year ended 31 May 2023
Jims Mowing (Perthshire) Limited
Unaudited accounts
Contents
Jims Mowing (Perthshire) Limited
Company Information
for the year ended 31 May 2023
Directors
Mr P Crosby
Mr A Crosby
Company Number
SC399524 (Scotland)
Registered Office
128 Perth Road
Scone
Perth
Tayside
PH2 6JL
Accountants
P S Gardiner CA
Tower House
Huntingtower Road
Perth
Tayside
PH1 2SQ
Jims Mowing (Perthshire) Limited
Statement of financial position
as at 31 May 2023
Tangible assets
15,033
3,780
Cash at bank and in hand
3,031
4,127
Creditors: amounts falling due within one year
(7,994)
(8,036)
Net current (liabilities)/assets
(1,698)
7
Total assets less current liabilities
13,335
3,787
Creditors: amounts falling due after more than one year
(8,276)
-
Provisions for liabilities
Called up share capital
4
4
Profit and loss account
2,199
3,065
Shareholders' funds
2,203
3,069
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
Mr P Crosby
Director
Company Registration No. SC399524
Jims Mowing (Perthshire) Limited
Notes to the Accounts
for the year ended 31 May 2023
Jims Mowing (Perthshire) Limited is a private company, limited by shares, registered in Scotland, registration number SC399524. The registered office is 128 Perth Road, Scone, Perth, Tayside, PH2 6JL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
Franchise fee is included at cost less accumulated amortisation. The franchise fee is being written off in equal annual instalments over its estimated economic life of 10 years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Jims Mowing (Perthshire) Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
12,089
1,850
850
14,789
Additions
600
15,795
-
16,395
Disposals
-
(1,850)
-
(1,850)
At 31 May 2023
12,689
15,795
850
29,334
At 1 June 2022
9,760
666
583
11,009
Charge for the year
732
3,159
67
3,958
On disposals
-
(666)
-
(666)
At 31 May 2023
10,492
3,159
650
14,301
At 31 May 2023
2,197
12,636
200
15,033
At 31 May 2022
2,329
1,184
267
3,780
Amounts falling due within one year
Accrued income and prepayments
768
314
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,684
-
Taxes and social security
5
2,627
Loans from directors
365
269
Jims Mowing (Perthshire) Limited
Notes to the Accounts
for the year ended 31 May 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,276
-
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).