Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC308724 Dr James McChesney Mrs Veronica McChesney Dr J A McChesney true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC308724 2023-03-31 SC308724 2024-03-31 SC308724 2023-04-01 2024-03-31 SC308724 frs-core:CurrentFinancialInstruments 2024-03-31 SC308724 frs-core:ShareCapital 2024-03-31 SC308724 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC308724 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC308724 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC308724 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC308724 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC308724 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC308724 1 2023-04-01 2024-03-31 SC308724 frs-bus:Director1 2023-04-01 2024-03-31 SC308724 frs-bus:Director1 2023-03-31 SC308724 frs-bus:Director1 2024-03-31 SC308724 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC308724 frs-countries:Scotland 2023-04-01 2024-03-31 SC308724 2022-03-31 SC308724 2023-03-31 SC308724 2022-04-01 2023-03-31 SC308724 frs-core:CurrentFinancialInstruments 2023-03-31 SC308724 frs-core:ShareCapital 2023-03-31 SC308724 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC308724
J A McChesney and Associates Limited
Financial Statements
For The Year Ended 31 March 2024
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC308724
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 254,235 253,977
254,235 253,977
Creditors: Amounts Falling Due Within One Year 5 (62,156 ) (61,156 )
NET CURRENT ASSETS (LIABILITIES) 192,079 192,821
TOTAL ASSETS LESS CURRENT LIABILITIES 192,079 192,821
NET ASSETS 192,079 192,821
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 191,979 192,721
SHAREHOLDERS' FUNDS 192,079 192,821
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr James McChesney
Director
15th April 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
J A McChesney and Associates Limited is a private company, limited by shares, incorporated in Scotland, registered number SC308724 . The registered office is 21 Albert Square, Dundee, Angus, DD1 1DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
The company's business is dentistry through participation in the partnership of Sandy McChesney and Associates. Income comprises the company's share in the profit and loss, and the book value of its interest in the partnership, comprises the balance standing to its debit or credit on the current account of that business.
2.3. Taxation
Corporation tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 254,235 253,977
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 49 49
Other creditors 240 240
Director's loan account 61,867 60,867
62,156 61,156
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 2
Page 3
7. Directors Advances, Credits and Guarantees
Included within Creditors are the following loan from the director:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Dr James McChesney 60,867 - 1,000 - 61,867
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Dr James McChesney 1,000 2,000
8. Related Party Transactions
The Director has a material interest in the arrangements specified in the accounting policies turnover note as a consequence of his respective interest as a partner of Sandy McChesney and Associates.
9. Ultimate Controlling Party
The company's ultimate controlling party is Dr J A McChesney by virtue of his ownership of 100% of the issued share capital in the company.
Page 3