Company Registration No. SC364652 (Scotland)
J & K Muir Plumbing and Heating Limited
Unaudited accounts
for the year ended 31 August 2023
J & K Muir Plumbing and Heating Limited
Unaudited accounts
Contents
J & K Muir Plumbing and Heating Limited
Company Information
for the year ended 31 August 2023
Company Number
SC364652 (Scotland)
Registered Office
44 Glasgow Road
Blanefield
Glasgow
G63 9BP
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
J & K Muir Plumbing and Heating Limited
Statement of financial position
as at 31 August 2023
Tangible assets
9,002
9,002
Cash at bank and in hand
25,186
85,761
Creditors: amounts falling due within one year
(21,238)
(69,593)
Net current assets
19,156
39,711
Called up share capital
1
1
Profit and loss account
28,157
48,712
Shareholders' funds
28,158
48,713
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 18 January 2024 and were signed on its behalf by
K Muir
Director
Company Registration No. SC364652
J & K Muir Plumbing and Heating Limited
Notes to the Accounts
for the year ended 31 August 2023
J & K Muir Plumbing and Heating Limited is a private company, limited by shares, registered in Scotland, registration number SC364652. The registered office is 44 Glasgow Road, Blanefield, Glasgow, G63 9BP.
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.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods and services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation charged
Plant & machinery
25% straight line
Motor vehicles
33% straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.
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.
J & K Muir Plumbing and Heating Limited
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
9,000
3,880
47,445
60,325
At 31 August 2023
9,000
3,880
47,445
60,325
At 1 September 2022
-
3,879
47,444
51,323
At 31 August 2023
-
3,879
47,444
51,323
At 31 August 2023
9,000
1
1
9,002
At 31 August 2022
9,000
1
1
9,002
Amounts falling due within one year
Trade debtors
6,661
11,345
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
425
Loans from directors
20,038
58,652
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).