John Morrison Timber Preservation Ltd. SC171093 false 2022-03-31 2023-03-30 2023-03-30 The principal activity of the company is timber preservation services Digita Accounts Production Advanced 6.30.9574.0 true SC171093 2022-03-31 2023-03-30 SC171093 2023-03-30 SC171093 bus:Original 2023-03-30 SC171093 core:RetainedEarningsAccumulatedLosses 2023-03-30 SC171093 core:ShareCapital 2023-03-30 SC171093 core:CurrentFinancialInstruments 2023-03-30 SC171093 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 SC171093 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-30 SC171093 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-30 SC171093 core:MotorVehicles 2023-03-30 SC171093 core:OfficeEquipment 2023-03-30 SC171093 core:PlantMachinery 2023-03-30 SC171093 bus:SmallEntities 2022-03-31 2023-03-30 SC171093 bus:AuditExemptWithAccountantsReport 2022-03-31 2023-03-30 SC171093 bus:FullAccounts 2022-03-31 2023-03-30 SC171093 bus:SmallCompaniesRegimeForAccounts 2022-03-31 2023-03-30 SC171093 bus:RegisteredOffice 2022-03-31 2023-03-30 SC171093 bus:CompanySecretary1 2022-03-31 2023-03-30 SC171093 bus:Director1 2022-03-31 2023-03-30 SC171093 bus:Director2 2022-03-31 2023-03-30 SC171093 bus:PrivateLimitedCompanyLtd 2022-03-31 2023-03-30 SC171093 bus:Agent1 2022-03-31 2023-03-30 SC171093 core:ComputerEquipment 2022-03-31 2023-03-30 SC171093 core:LandBuildings 2022-03-31 2023-03-30 SC171093 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 SC171093 core:MotorVehicles 2022-03-31 2023-03-30 SC171093 core:OfficeEquipment 2022-03-31 2023-03-30 SC171093 core:PlantMachinery 2022-03-31 2023-03-30 SC171093 countries:Scotland 2022-03-31 2023-03-30 SC171093 2022-03-30 SC171093 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-30 SC171093 core:MotorVehicles 2022-03-30 SC171093 core:OfficeEquipment 2022-03-30 SC171093 core:PlantMachinery 2022-03-30 SC171093 2021-03-31 2022-03-30 SC171093 2022-03-30 SC171093 core:RetainedEarningsAccumulatedLosses 2022-03-30 SC171093 core:ShareCapital 2022-03-30 SC171093 core:CurrentFinancialInstruments 2022-03-30 SC171093 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-30 SC171093 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-30 SC171093 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-30 SC171093 core:MotorVehicles 2022-03-30 SC171093 core:OfficeEquipment 2022-03-30 SC171093 core:PlantMachinery 2022-03-30 iso4217:GBP xbrli:pure

Company registration number: SC171093

John Morrison Timber Preservation Ltd.

Filleted Unaudited Financial Statements

for the Year Ended 30 March 2023

 

John Morrison Timber Preservation Ltd.

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

John Morrison Timber Preservation Ltd.

Company Information

Directors

Mr K A Forsyth

Mr J Morrison

Company secretary

Mrs S M Morrison

Registered office

Rootfield
Conon Bridge
Dingwall
IV7 8DQ

Accountants

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
John Morrison Timber Preservation Ltd.
for the Year Ended 30 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of John Morrison Timber Preservation Ltd. for the year ended 30 March 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of John Morrison Timber Preservation Ltd., as a body, in accordance with the terms of our engagement letter dated 1 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of John Morrison Timber Preservation Ltd. and state those matters that we have agreed to state to the Board of Directors of John Morrison Timber Preservation Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Morrison Timber Preservation Ltd. and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that John Morrison Timber Preservation Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of John Morrison Timber Preservation Ltd.. You consider that John Morrison Timber Preservation Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of John Morrison Timber Preservation Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

1 February 2024

 

John Morrison Timber Preservation Ltd.

(Registration number: SC171093)
Balance Sheet as at 30 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

138,176

127,420

Current assets

 

Stocks

4,000

5,000

Debtors

5

209,150

108,904

Cash at bank and in hand

 

408,722

348,092

 

621,872

461,996

Creditors: Amounts falling due within one year

6

(258,691)

(151,086)

Net current assets

 

363,181

310,910

Total assets less current liabilities

 

501,357

438,330

Creditors: Amounts falling due after more than one year

6

(22,675)

(32,455)

Provisions for liabilities

(13,764)

(7,250)

Net assets

 

464,918

398,625

Capital and reserves

 

Called up share capital

2

2

Retained earnings

464,916

398,623

Shareholders' funds

 

464,918

398,625

For the financial year ending 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

John Morrison Timber Preservation Ltd.

(Registration number: SC171093)
Balance Sheet as at 30 March 2023

Approved and authorised by the Board on 31 January 2024 and signed on its behalf by:
 

.........................................
Mr J Morrison
Director

 

John Morrison Timber Preservation Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Rootfield
Conon Bridge
Dingwall
IV7 8DQ
Scotland

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared on the historical cost basis

The financial statements have been prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents revenue earned under contracts to provide goods and services. Revenue is recognised as earned when and to the extent that, the company obtains the right to consideration in exchange for the performance under those contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers excluding value added tax.

For incomplete contracts, an assessment takes into account the nature of the assignment, the stage of completion and the relevant contract terms. Unbilled revenue is included in "Other debtors" in the accounts.

Government grants

Government grants are accounted for using the accruals model under FRS102. Government grants, in respect of the Coronavirus Job Retention Scheme, are included in the period to which the grant relates.

Tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation purposes. The deferred taxation has not been discounted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

John Morrison Timber Preservation Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

no depreciation

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

Computer equipment

25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Leases

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2022 - 14).

 

John Morrison Timber Preservation Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Computer equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 31 March 2022

55,000

36,858

5,589

240,654

338,101

Additions

-

11,670

-

26,316

37,986

Disposals

-

-

-

(7,888)

(7,888)

At 30 March 2023

55,000

48,528

5,589

259,082

368,199

Depreciation

At 31 March 2022

-

26,061

5,589

179,031

210,681

Charge for the year

-

3,371

-

21,363

24,734

Eliminated on disposal

-

-

-

(5,392)

(5,392)

At 30 March 2023

-

29,432

5,589

195,002

230,023

Carrying amount

At 30 March 2023

55,000

19,096

-

64,080

138,176

At 30 March 2022

55,000

10,797

-

61,623

127,420

5

Debtors

Current

2023
£

2022
£

Trade debtors

121,718

77,300

Other debtors

87,432

31,604

 

209,150

108,904

 

John Morrison Timber Preservation Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

31,311

10,527

Trade creditors

 

115,145

32,232

Corporation tax

 

29,401

36,805

Other creditors

 

82,834

71,522

 

258,691

151,086



Creditors include hire purchase liabilities totalling £nil (2022 - £2,917) which are secured on the assets of the company.

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

22,675

32,455