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REGISTERED NUMBER: SC402677 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

B J C Joinery Ltd

B J C Joinery Ltd (Registered number: SC402677)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B J C Joinery Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr M A Cormack
Mr B J Cormack





REGISTERED OFFICE: 21 Simpson Avenue
Rothienorman
Aberdeenshire
AB51 8YN





REGISTERED NUMBER: SC402677 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

B J C Joinery Ltd (Registered number: SC402677)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,452 84,592

CURRENT ASSETS
Stocks 3,542 5,505
Debtors 5 79,667 58,018
Cash at bank and in hand 76,398 114,464
159,607 177,987
CREDITORS
Amounts falling due within one year 6 175,797 169,975
NET CURRENT (LIABILITIES)/ASSETS (16,190 ) 8,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,262

92,604

CREDITORS
Amounts falling due after more than one
year

7

(62,604

)

(57,903

)

PROVISIONS FOR LIABILITIES (15,134 ) (9,104 )
NET ASSETS 19,524 25,597

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,522 25,595
19,524 25,597

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

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

B J C Joinery Ltd (Registered number: SC402677)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





Mr M A Cormack - Director


B J C Joinery Ltd (Registered number: SC402677)

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

1. STATUTORY INFORMATION

B J C Joinery 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

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 - 10 ) .

B J C Joinery Ltd (Registered number: SC402677)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 23,742 7,478 2,693
Additions - 382 -
Disposals - - -
At 30 June 2023 23,742 7,860 2,693
DEPRECIATION
At 1 July 2022 6,883 4,565 1,697
Charge for year 1,686 659 199
Eliminated on disposal - - -
At 30 June 2023 8,569 5,224 1,896
NET BOOK VALUE
At 30 June 2023 15,173 2,636 797
At 30 June 2022 16,859 2,913 996

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 140,971 4,377 179,261
Additions 73,345 - 73,727
Disposals (34,050 ) - (34,050 )
At 30 June 2023 180,266 4,377 218,938
DEPRECIATION
At 1 July 2022 78,485 3,039 94,669
Charge for year 31,363 581 34,488
Eliminated on disposal (23,671 ) - (23,671 )
At 30 June 2023 86,177 3,620 105,486
NET BOOK VALUE
At 30 June 2023 94,089 757 113,452
At 30 June 2022 62,486 1,338 84,592

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 79,458 57,523
Other debtors 209 495
79,667 58,018

B J C Joinery Ltd (Registered number: SC402677)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 19,105 15,819
Trade creditors 98,426 66,856
Taxation and social security 33,393 54,146
Other creditors 14,873 23,154
175,797 169,975

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 19,167 29,167
Hire purchase contracts 43,437 28,736
62,604 57,903

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.6.23 30.6.22
£    £   
Mr B J Cormack
Balance outstanding at start of year - (789 )
Amounts advanced - 789
Amounts repaid (848 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (848 ) -

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, Mr M A Cormack and Mr B J Cormack who between them own 100% of the issued share capital.