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REGISTERED NUMBER: SC312065 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 October 2023

for

James Coyle Motor Engineers Limited

James Coyle Motor Engineers Limited (Registered number: SC312065)






Contents of the Financial Statements
For The Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James Coyle Motor Engineers Limited

Company Information
For The Year Ended 31 October 2023







DIRECTOR: G Gunning





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC312065 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

James Coyle Motor Engineers Limited (Registered number: SC312065)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,482 26,936

CURRENT ASSETS
Debtors 5 90,218 46,293
Cash at bank 105,465 126,645
195,683 172,938
CREDITORS
Amounts falling due within one year 6 86,670 96,556
NET CURRENT ASSETS 109,013 76,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,495

103,318

CREDITORS
Amounts falling due after more than one
year

7

(102,395

)

(24,783

)

PROVISIONS FOR LIABILITIES 8 (5,591 ) (5,118 )
NET ASSETS 23,509 73,417

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,409 73,317
SHAREHOLDERS' FUNDS 23,509 73,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

James Coyle Motor Engineers Limited (Registered number: SC312065)

Balance Sheet - continued
31 October 2023


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 31 July 2024 and were signed by:





G Gunning - Director


James Coyle Motor Engineers Limited (Registered number: SC312065)

Notes to the Financial Statements
For The Year Ended 31 October 2023

1. STATUTORY INFORMATION

James Coyle Motor Engineers 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.

Turnover represents net invoiced sale of services, excluding value added tax.

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
Computer equipment - 25% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


James Coyle Motor Engineers Limited (Registered number: SC312065)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 70,963 3,357 74,320
Additions 2,500 540 3,040
At 31 October 2023 73,463 3,897 77,360
DEPRECIATION
At 1 November 2022 46,107 1,277 47,384
Charge for year 6,839 655 7,494
At 31 October 2023 52,946 1,932 54,878
NET BOOK VALUE
At 31 October 2023 20,517 1,965 22,482
At 31 October 2022 24,856 2,080 26,936

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 32,367 44,090
Other debtors 57,851 2,203
90,218 46,293

James Coyle Motor Engineers Limited (Registered number: SC312065)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,942 -
Hire purchase contracts 7,618 13,742
Trade creditors 26,998 26,774
Taxation and social security 37,988 21,036
Other creditors 4,124 35,004
86,670 96,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 85,231 -
Hire purchase contracts 17,164 24,783
102,395 24,783

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 5,591 5,118

Deferred
tax
£   
Balance at 1 November 2022 5,118
Provided during year 473
Balance at 31 October 2023 5,591