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Company Registration No. SC583273 (Scotland)
Johnstone And Kennedy Ltd Unaudited accounts for the year ended 31 December 2023
Johnstone And Kennedy Ltd Unaudited accounts Contents
Page
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Johnstone And Kennedy Ltd Company Information for the year ended 31 December 2023
Director
Brian Kennedy
Company Number
SC583273 (Scotland)
Registered Office
20 Cassillis Road Maybole Ayrshire KA19 7HF Scotland
Accountants
Fletcher and Banks Accountants Ltd 32 Moorfield Road Prestwick KA9 2HW
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Johnstone And Kennedy Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,674 
7,774 
Current assets
Debtors
2,931 
2,826 
Cash at bank and in hand
106,335 
87,780 
109,266 
90,606 
Creditors: amounts falling due within one year
(65,573)
(64,620)
Net current assets
43,693 
25,986 
Total assets less current liabilities
51,367 
33,760 
Creditors: amounts falling due after more than one year
(14,167)
(24,167)
Net assets
37,200 
9,593 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
37,100 
9,493 
Shareholders' funds
37,200 
9,593 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 16 July 2024 and were signed on its behalf by
Brian Kennedy Director Company Registration No. SC583273
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Johnstone And Kennedy Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Johnstone And Kennedy Ltd is a private company, limited by shares, registered in Scotland, registration number SC583273. The registered office is 20 Cassillis Road, Maybole, Ayrshire, KA19 7HF, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
500 
18,779 
19,279 
Additions
1,819 
- 
1,819 
At 31 December 2023
2,319 
18,779 
21,098 
Depreciation
At 1 January 2023
336 
11,169 
11,505 
Charge for the year
397 
1,522 
1,919 
At 31 December 2023
733 
12,691 
13,424 
Net book value
At 31 December 2023
1,586 
6,088 
7,674 
At 31 December 2022
164 
7,610 
7,774 
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Johnstone And Kennedy Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,931 
2,500 
Other debtors
- 
326 
2,931 
2,826 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
8,941 
6,127 
Trade creditors
440 
440 
Taxes and social security
15,484 
9,924 
Loans from directors
30,708 
38,129 
65,573 
64,620 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,167 
24,167 
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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