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REGISTERED NUMBER: SC107850 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

John H. Glen & Son Limited

John H. Glen & Son Limited (Registered number: SC107850)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John H. Glen & Son Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr G K Glen





SECRETARY: Mrs I M Glen





REGISTERED OFFICE: 51 Main Street
Alexandria
G83 0DY





REGISTERED NUMBER: SC107850 (Scotland)





ACCOUNTANTS: Clements
Chartered Accountants
39 St Vincent Place
Glasgow
G1 2ER

John H. Glen & Son Limited (Registered number: SC107850)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,954 35,939

CURRENT ASSETS
Stocks 22,809 18,765
Debtors 5 34,554 48,564
Cash at bank and in hand 280,230 289,423
337,593 356,752
CREDITORS
Amounts falling due within one year 6 29,138 32,663
NET CURRENT ASSETS 308,455 324,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,409

360,028

PROVISIONS FOR LIABILITIES 2,517 4,672
NET ASSETS 344,892 355,356

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 339,892 350,356
SHAREHOLDERS' FUNDS 344,892 355,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

John H. Glen & Son Limited (Registered number: SC107850)

Balance Sheet - continued
29 February 2024


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 16 July 2024 and were signed by:





Mr G K Glen - Director


John H. Glen & Son Limited (Registered number: SC107850)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

John H. Glen & Son 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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of the provision of funeral services supplied during the period, exclusive of Value Added Tax. Revenue is recognised when the company has the right to receive it.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and selling price less costs to complete and sell.

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax.

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.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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 4 (2023 - 2 ) .

John H. Glen & Son Limited (Registered number: SC107850)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 150,445
Additions 16,000
At 29 February 2024 166,445
DEPRECIATION
At 1 March 2023 114,506
Charge for year 12,985
At 29 February 2024 127,491
NET BOOK VALUE
At 29 February 2024 38,954
At 28 February 2023 35,939

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 28,241 42,553
Other debtors 6,313 6,011
34,554 48,564

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 12,873 10,755
Taxation and social security 3,731 11,290
Other creditors 12,534 10,618
29,138 32,663

Included in other creditors above is the director's current account which is unsecured, interest free and repayable on demand.

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the Director and his wife.