IRIS Accounts Production v24.1.0.578 SC067632 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC0676322023-03-31SC0676322024-03-31SC0676322023-04-012024-03-31SC0676322022-03-31SC0676322022-04-012023-03-31SC0676322023-03-31SC067632ns15:Scotland2023-04-012024-03-31SC067632ns14:PoundSterling2023-04-012024-03-31SC067632ns10:Director12023-04-012024-03-31SC067632ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC067632ns10:SmallEntities2023-04-012024-03-31SC067632ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC067632ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC067632ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC067632ns10:FullAccounts2023-04-012024-03-31SC067632ns10:RegisteredOffice2023-04-012024-03-31SC067632ns5:CurrentFinancialInstruments2024-03-31SC067632ns5:CurrentFinancialInstruments2023-03-31SC067632ns5:ShareCapital2024-03-31SC067632ns5:ShareCapital2023-03-31SC067632ns5:RetainedEarningsAccumulatedLosses2024-03-31SC067632ns5:RetainedEarningsAccumulatedLosses2023-03-31SC067632ns5:PlantMachinery2023-04-012024-03-31SC067632ns5:FurnitureFittings2023-04-012024-03-31SC067632ns5:MotorVehicles2023-04-012024-03-31SC067632ns5:ComputerEquipment2023-04-012024-03-31SC067632ns5:LandBuildings2023-03-31SC067632ns5:PlantMachinery2023-03-31SC067632ns5:FurnitureFittings2023-03-31SC067632ns5:LandBuildings2023-04-012024-03-31SC067632ns5:LandBuildings2024-03-31SC067632ns5:PlantMachinery2024-03-31SC067632ns5:FurnitureFittings2024-03-31SC067632ns5:LandBuildings2023-03-31SC067632ns5:PlantMachinery2023-03-31SC067632ns5:FurnitureFittings2023-03-31SC067632ns5:MotorVehicles2023-03-31SC067632ns5:ComputerEquipment2023-03-31SC067632ns5:MotorVehicles2024-03-31SC067632ns5:ComputerEquipment2024-03-31SC067632ns5:MotorVehicles2023-03-31SC067632ns5:ComputerEquipment2023-03-31SC067632ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC067632ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC067632ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-31SC067632ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-31
REGISTERED NUMBER: SC067632 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

J & R Good (Wishaw) Limited

J & R Good (Wishaw) Limited (Registered number: SC067632)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J & R Good (Wishaw) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R B Good





REGISTERED OFFICE: 26 Glen Road
Wishaw
ML2 7NL





REGISTERED NUMBER: SC067632 (Scotland)





ACCOUNTANTS: LinklatersCA
8 Darnaway Street
Edinburgh
EH3 6BG

J & R Good (Wishaw) Limited (Registered number: SC067632)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 513,551 531,161

CURRENT ASSETS
Stocks 27,787 49,935
Debtors 5 115,025 123,490
Cash at bank and in hand 307,453 304,911
450,265 478,336
CREDITORS
Amounts falling due within one year 6 37,749 39,625
NET CURRENT ASSETS 412,516 438,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

926,067

969,872

PROVISIONS FOR LIABILITIES 25,890 20,830
NET ASSETS 900,177 949,042

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 899,177 948,042
SHAREHOLDERS' FUNDS 900,177 949,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:



R B Good - Director


J & R Good (Wishaw) Limited (Registered number: SC067632)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

J & R Good (Wishaw) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

J & R Good (Wishaw) Limited (Registered number: SC067632)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 386,003 98,114 720
Additions - 15,377 -
Disposals - - -
At 31 March 2024 386,003 113,491 720
DEPRECIATION
At 1 April 2023 - 88,359 492
Charge for year - 6,283 57
Eliminated on disposal - - -
At 31 March 2024 - 94,642 549
NET BOOK VALUE
At 31 March 2024 386,003 18,849 171
At 31 March 2023 386,003 9,755 228

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 219,031 9,310 713,178
Additions 65,074 - 80,451
Disposals (79,266 ) - (79,266 )
At 31 March 2024 204,839 9,310 714,363
DEPRECIATION
At 1 April 2023 83,856 9,310 182,017
Charge for year 32,272 - 38,612
Eliminated on disposal (19,817 ) - (19,817 )
At 31 March 2024 96,311 9,310 200,812
NET BOOK VALUE
At 31 March 2024 108,528 - 513,551
At 31 March 2023 135,175 - 531,161

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 4,414 3,995
Other debtors 10,611 19,495
15,025 23,490

J & R Good (Wishaw) Limited (Registered number: SC067632)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 100,000 100,000

Aggregate amounts 115,025 123,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,012 542
Taxation and social security 16,901 20,247
Other creditors 18,836 18,836
37,749 39,625

7. RELATED PARTY DISCLOSURES

Amount due from (to) related party at balance sheet date

R B Good, Director (£16,518) (2023 (£16,518)).

Crestwood Properties Limited, associated company £100,000 (2023 £100,000).

8. ULTIMATE CONTROLLING PARTY

The controlling party is R B Good.