Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC237708 Mr John Jamieson Mr Thomas Jamieson Mrs Pamela Jamieson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC237708 2022-10-31 SC237708 2023-10-31 SC237708 2022-11-01 2023-10-31 SC237708 frs-core:CurrentFinancialInstruments 2023-10-31 SC237708 frs-core:FurnitureFittings 2023-10-31 SC237708 frs-core:FurnitureFittings 2022-11-01 2023-10-31 SC237708 frs-core:FurnitureFittings 2022-10-31 SC237708 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 SC237708 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC237708 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 SC237708 frs-core:MotorVehicles 2023-10-31 SC237708 frs-core:MotorVehicles 2022-11-01 2023-10-31 SC237708 frs-core:MotorVehicles 2022-10-31 SC237708 frs-core:PlantMachinery 2023-10-31 SC237708 frs-core:PlantMachinery 2022-11-01 2023-10-31 SC237708 frs-core:PlantMachinery 2022-10-31 SC237708 frs-core:ShareCapital 2023-10-31 SC237708 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC237708 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC237708 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC237708 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC237708 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC237708 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC237708 frs-bus:Director1 2022-11-01 2023-10-31 SC237708 frs-bus:Director2 2022-11-01 2023-10-31 SC237708 frs-bus:Director3 2022-11-01 2023-10-31 SC237708 frs-core:CurrentFinancialInstruments 1 2023-10-31 SC237708 frs-countries:Scotland 2022-11-01 2023-10-31 SC237708 2021-10-31 SC237708 2022-10-31 SC237708 2021-11-01 2022-10-31 SC237708 frs-core:CurrentFinancialInstruments 2022-10-31 SC237708 frs-core:ShareCapital 2022-10-31 SC237708 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 SC237708 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: SC237708
Jamieson Decorators Ltd.
Unaudited Financial Statements
For The Year Ended 31 October 2023
Christies
Dalgety Bay Business Centre
Sybrig House
Ridge Way
Dalgety Bay
KY11 9JN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC237708
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 788,075 643,735
788,075 643,735
CURRENT ASSETS
Stocks 5 52,427 114,975
Debtors 6 337,586 281,574
Cash at bank and in hand 812,729 713,448
1,202,742 1,109,997
Creditors: Amounts Falling Due Within One Year 7 (209,467 ) (141,641 )
NET CURRENT ASSETS (LIABILITIES) 993,275 968,356
TOTAL ASSETS LESS CURRENT LIABILITIES 1,781,350 1,612,091
NET ASSETS 1,781,350 1,612,091
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,781,250 1,611,991
SHAREHOLDERS' FUNDS 1,781,350 1,612,091
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For the year ending 31 October 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.
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
Mr John Jamieson
Director
Mr Thomas Jamieson
Director
28/05/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Jamieson Decorators Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC237708 . The registered office is St Leonards Place, Dunfermline, Fife, KY11 3AS.
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation charged
Plant & Machinery 10% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 10% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2022: 30)
24 30
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 November 2022 615,701 13,408 64,022 6,637 699,768
Additions 144,340 - 14,757 - 159,097
As at 31 October 2023 760,041 13,408 78,779 6,637 858,865
Depreciation
As at 1 November 2022 - 8,716 41,946 5,371 56,033
Provided during the period - 469 14,161 127 14,757
As at 31 October 2023 - 9,185 56,107 5,498 70,790
Net Book Value
As at 31 October 2023 760,041 4,223 22,672 1,139 788,075
As at 1 November 2022 615,701 4,692 22,076 1,266 643,735
5. Stocks
2023 2022
£ £
Finished goods 1,365 1,240
Work in progress 51,062 113,735
52,427 114,975
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 192,067 261,465
Prepayments and accrued income 3,660 3,465
Other debtors 1,785 1,983
VAT 19,778 14,661
Amounts owed by associates 120,296 -
337,586 281,574
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 51,859 36,344
Corporation tax 91,988 54,780
Other taxes and social security 28,144 28,771
NEST Pension Account 756 652
Accruals and deferred income 6,400 3,900
Directors' loan accounts 30,320 17,194
209,467 141,641
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5