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REGISTERED NUMBER: SC227491 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

John Crawford & Co (Mechanical) Limited

John Crawford & Co (Mechanical) Limited (Registered number: SC227491)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


John Crawford & Co (Mechanical) Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C Peacock
D M Kerr
M Woods





SECRETARY: C Peacock





REGISTERED OFFICE: 1 Zetland Road
Hillington Industrial Estate
Glasgow
Lanarkshire
G52 4BW





REGISTERED NUMBER: SC227491 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

John Crawford & Co (Mechanical) Limited (Registered number: SC227491)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,131 13,840

CURRENT ASSETS
Stocks 967,814 627,660
Debtors 5 86,139 101,027
Cash at bank and in hand 511,763 473,006
1,565,716 1,201,693
CREDITORS
Amounts falling due within one year 6 685,319 487,044
NET CURRENT ASSETS 880,397 714,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

992,528

728,489

CREDITORS
Amounts falling due after more than one
year

7

(48,142

)

(28,279

)

PROVISIONS FOR LIABILITIES (101,102 ) (65,881 )
NET ASSETS 843,284 634,329

CAPITAL AND RESERVES
Called up share capital 65,000 65,000
Capital redemption reserve 35,000 35,000
Retained earnings 743,284 534,329
SHAREHOLDERS' FUNDS 843,284 634,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Crawford & Co (Mechanical) Limited (Registered number: SC227491)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:




D M Kerr - Director



C Peacock - Director


John Crawford & Co (Mechanical) Limited (Registered number: SC227491)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

John Crawford & Co (Mechanical) 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 represents amounts invoiced during the year net, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

STOCKS AND WORK IN PROGRESS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.

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.

John Crawford & Co (Mechanical) Limited (Registered number: SC227491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

The company participates in a defined contribution scheme with Royal London. All contributions are held outside the company and all employers contributions are charged to the profit and loss account annually.
Contributions are also made on behalf of directors to pension schemes that operate independently of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 199,187 9,625 208,812
Additions 117,048 - 117,048
Disposals (84,915 ) (3,247 ) (88,162 )
At 31 March 2024 231,320 6,378 237,698
DEPRECIATION
At 1 April 2023 190,587 4,385 194,972
Charge for year 16,587 2,170 18,757
Eliminated on disposal (84,915 ) (3,247 ) (88,162 )
At 31 March 2024 122,259 3,308 125,567
NET BOOK VALUE
At 31 March 2024 109,061 3,070 112,131
At 31 March 2023 8,600 5,240 13,840

John Crawford & Co (Mechanical) Limited (Registered number: SC227491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 81,733
At 31 March 2024 81,733
DEPRECIATION
Charge for year 15,098
At 31 March 2024 15,098
NET BOOK VALUE
At 31 March 2024 66,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,748 78,885
VAT 66,391 22,142
86,139 101,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 109,460 47,016
Hire purchase contracts 14,611 -
Trade creditors 327,122 231,663
Tax 39,594 24,155
Social security and other taxes 80,187 64,307
Other creditors 15,062 30,884
Pension scheme 9,995 13,299
Accrued expenses 89,288 75,720
685,319 487,044

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 8,471 18,279
Hire purchase contracts 29,671 -
48,142 28,279

John Crawford & Co (Mechanical) Limited (Registered number: SC227491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
C Peacock
Balance outstanding at start of year - 12,500
Amounts repaid - (12,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -