Company registration number SC589038 (Scotland)
JEAN CAMPBELL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
JEAN CAMPBELL LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
JEAN CAMPBELL LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
20,342
20,342
Tangible assets
4
1,414
-
0
21,756
20,342
Current assets
Debtors
29,269
202,486
Cash at bank and in hand
56,680
82,003
85,949
284,489
Creditors: amounts falling due within one year
(30,663)
(86,327)
Net current assets
55,286
198,162
Net assets
77,042
218,504
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
77,041
218,503
Total equity
77,042
218,504

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

JEAN CAMPBELL LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 31 January 2024 and are signed on its behalf by:
Ms J V Campbell
Director
Company registration number SC589038 (Scotland)
JEAN CAMPBELL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
1
Accounting policies
Company information

Jean Campbell Ltd is a private company limited by shares incorporated in Scotland. The registered office is Cawdor Estate Office, By Nairn, Cawdor, Scotland, IV12 5XP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost .The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

JEAN CAMPBELL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Intangible fixed assets
Total
£
Cost
At 1 March 2022 and 28 February 2023
20,342
Amortisation and impairment
At 1 March 2022 and 28 February 2023
-
0
Carrying amount
At 28 February 2023
20,342
At 28 February 2022
20,342
JEAN CAMPBELL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 5 -
4
Tangible fixed assets
Total
£
Cost
At 1 March 2022
-
0
Additions
1,886
At 28 February 2023
1,886
Depreciation and impairment
At 1 March 2022
-
0
Depreciation charged in the year
472
At 28 February 2023
472
Carrying amount
At 28 February 2023
1,414
At 28 February 2022
-
0
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
2023-02-282022-03-01false31 January 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr Earl Cawdor Colin Robert Vaughan CampbellMs Jean Violet CampbellSC5890382022-03-012023-02-28SC5890382023-02-28SC5890382022-02-28SC589038core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-28SC589038core:CurrentFinancialInstrumentscore:WithinOneYear2022-02-28SC589038core:ShareCapital2023-02-28SC589038core:ShareCapital2022-02-28SC589038core:RetainedEarningsAccumulatedLosses2023-02-28SC589038core:RetainedEarningsAccumulatedLosses2022-02-28SC589038bus:Director22022-03-012023-02-28SC589038core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-28SC589038core:FurnitureFittings2022-03-012023-02-28SC5890382021-03-012022-02-28SC5890382022-02-28SC589038bus:PrivateLimitedCompanyLtd2022-03-012023-02-28SC589038bus:SmallCompaniesRegimeForAccounts2022-03-012023-02-28SC589038bus:FRS1022022-03-012023-02-28SC589038bus:AuditExemptWithAccountantsReport2022-03-012023-02-28SC589038bus:Director12022-03-012023-02-28SC589038bus:FullAccounts2022-03-012023-02-28xbrli:purexbrli:sharesiso4217:GBP