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
Johnstone And Kennedy Ltd
Company Information
for the year ended 31 December 2023
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
Johnstone And Kennedy Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
7,674
7,774
Cash at bank and in hand
106,335
87,780
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)
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
Johnstone And Kennedy Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2023
2,319
18,779
21,098
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
At 31 December 2023
1,586
6,088
7,674
At 31 December 2022
164
7,610
7,774
Johnstone And Kennedy Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Taxes and social security
15,484
9,924
Loans from directors
30,708
38,129
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).