Company Registration No. SC075814 (Scotland)
M.B. Jarvie Limited
Unaudited accounts
for the year ended 31 July 2023
M.B. Jarvie Limited
Unaudited accounts
Contents
M.B. Jarvie Limited
Company Information
for the year ended 31 July 2023
Directors
Adam Jarvie
Michael Jarvie
Company Number
SC075814 (Scotland)
Registered Office
65 Stanley Street
Kinning Park
Glasgow
G41 1JA
Scotland
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
M.B. Jarvie Limited
Statement of financial position
as at 31 July 2023
Tangible assets
282,398
301,727
Cash at bank and in hand
81,727
71,397
Creditors: amounts falling due within one year
(40,160)
(60,298)
Net current assets
115,099
67,836
Total assets less current liabilities
397,497
369,563
Creditors: amounts falling due after more than one year
(20,000)
(30,000)
Net assets
377,497
339,563
Called up share capital
2,000
2,000
Profit and loss account
375,497
337,563
Shareholders' funds
377,497
339,563
For the year ending 31 July 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 22 April 2024 and were signed on its behalf by
Adam Jarvie
Director
Company Registration No. SC075814
M.B. Jarvie Limited
Notes to the Accounts
for the year ended 31 July 2023
M.B. Jarvie Limited is a private company, limited by shares, registered in Scotland, registration number SC075814. The registered office is 65 Stanley Street, Kinning Park, Glasgow, G41 1JA, Scotland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
2% straight line
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 August 2022
318,304
271,324
589,628
At 31 July 2023
318,304
278,737
597,041
At 1 August 2022
114,408
173,493
287,901
Charge for the year
1,492
25,250
26,742
At 31 July 2023
115,900
198,743
314,643
At 31 July 2023
202,404
79,994
282,398
At 31 July 2022
203,896
97,831
301,727
M.B. Jarvie Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Accrued income and prepayments
8,121
5,746
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
1,532
3,914
Taxes and social security
37,590
24,520
Other creditors
1,540
1,401
Loans from directors
(10,668)
20,240
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).