Caseware UK (AP4) 2022.0.179 2022.0.179 2024-01-312024-01-312023-02-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC028696 2023-02-01 2024-01-31 SC028696 2022-02-01 2023-01-31 SC028696 2024-01-31 SC028696 2023-01-31 SC028696 c:CompanySecretary1 2023-02-01 2024-01-31 SC028696 c:Director1 2023-02-01 2024-01-31 SC028696 c:RegisteredOffice 2023-02-01 2024-01-31 SC028696 d:Buildings 2024-01-31 SC028696 d:Buildings 2023-01-31 SC028696 d:PlantMachinery 2024-01-31 SC028696 d:PlantMachinery 2023-01-31 SC028696 d:CurrentFinancialInstruments 2024-01-31 SC028696 d:CurrentFinancialInstruments 2023-01-31 SC028696 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC028696 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC028696 d:ShareCapital 2024-01-31 SC028696 d:ShareCapital 2023-01-31 SC028696 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC028696 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC028696 c:OrdinaryShareClass1 2023-02-01 2024-01-31 SC028696 c:OrdinaryShareClass1 2024-01-31 SC028696 c:OrdinaryShareClass1 2023-01-31 SC028696 c:FRS102 2023-02-01 2024-01-31 SC028696 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC028696 c:FullAccounts 2023-02-01 2024-01-31 SC028696 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC028696 6 2023-02-01 2024-01-31 SC028696 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC028696










JARVIS BROTHERS (FORFAR) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 
JARVIS BROTHERS (FORFAR) LIMITED
 

COMPANY INFORMATION


DIRECTOR
C W S Jarvis 




COMPANY SECRETARY
W & J S Gordon



REGISTERED NUMBER
SC028696



REGISTERED OFFICE
60 Castle Street

Forfar

Angus

DD8 3AB





 
JARVIS BROTHERS (FORFAR) LIMITED
REGISTERED NUMBER: SC028696

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 5 
5,517
5,517

Investments
 6 
65,635
62,141

  
71,152
67,658

CURRENT ASSETS
  

Stocks
  
101,608
85,321

Debtors: amounts falling due within one year
 7 
2,365
2,058

Cash at bank and in hand
  
186,375
192,724

  
290,348
280,103

Creditors: amounts falling due within one year
 8 
(80,558)
(79,809)

NET CURRENT ASSETS
  
 
 
209,790
 
 
200,294

TOTAL ASSETS LESS CURRENT LIABILITIES
  
280,942
267,952

  

NET ASSETS
  
280,942
267,952


CAPITAL AND RESERVES
  

Called up share capital 
 9 
20,000
20,000

Profit and loss account
  
260,942
247,952

  
280,942
267,952


Page 1

 
JARVIS BROTHERS (FORFAR) LIMITED
REGISTERED NUMBER: SC028696

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 March 2024.




C W S Jarvis
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JARVIS BROTHERS (FORFAR) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


GENERAL INFORMATION

The entity is a private company, limited by shares, incorporated in Scotland, with the registration number SC286696. The registered office 60 Castle Street, Forfar, DD8 3AB. The company's place of business is the same as the registered office.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
JARVIS BROTHERS (FORFAR) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

No depreciation has been charged on heritable property or fixtures and fittings as it is immaterial.


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

VALUATION OF INVESTMENTS

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
JARVIS BROTHERS (FORFAR) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


INVESTMENT PROPERTIES

Included within the heading 'Heritable Property' are two investment properties which the director believes to have an open market value of £40,000 each. These have not been included in the accounts at open market value which is required under the requirements of Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.


4.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


5.


TANGIBLE FIXED ASSETS





Land and Property
Plant and Machinery
Total

£
£
£



COST OR VALUATION


At 1 February 2023
4,415
1,102
5,517



At 31 January 2024

4,415
1,102
5,517






NET BOOK VALUE



At 31 January 2024
4,415
1,102
5,517



At 31 January 2023
4,415
1,102
5,517

Page 5

 
JARVIS BROTHERS (FORFAR) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


FIXED ASSET INVESTMENTS





Listed Investments

£



COST OR VALUATION


At 1 February 2023
62,141


Additions
3,494



At 31 January 2024
65,635





7.


DEBTORS

2024
2023
£
£


Trade debtors
635
327

Other debtors
980
980

Prepayments and accrued income
750
751

2,365
2,058



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
(5,373)
7,309

Other taxation and social security
18,630
17,179

Other creditors
48,641
35,078

Accruals and deferred income
18,660
20,243

80,558
79,809



9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



20,000 (2023 - 20,000) Ordinary shares of £1.00 each
20,000
20,000



Page 6