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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
Page
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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
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Jims Mowing (Perthshire) Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,033 
3,780 
Current assets
Debtors
3,265 
3,916 
Cash at bank and in hand
3,031 
4,127 
6,296 
8,043 
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
Deferred tax
(2,856)
(718)
Net assets
2,203 
3,069 
Capital and reserves
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
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Jims Mowing (Perthshire) Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets
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 taxation
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.
Leased assets
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.
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Jims Mowing (Perthshire) Limited Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
17,000 
At 31 May 2023
17,000 
Amortisation
At 1 June 2022
17,000 
At 31 May 2023
17,000 
Net book value
At 31 May 2023
- 
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 
Depreciation
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 
Net book value
At 31 May 2023
2,197 
12,636 
200 
15,033 
At 31 May 2022
2,329 
1,184 
267 
3,780 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,497 
3,602 
Accrued income and prepayments
768 
314 
3,265 
3,916 
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 
Accruals
4,940 
5,140 
7,994 
8,036 
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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).
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