Registered number
SC632739
David Jack Associates Ltd
Filleted Accounts
31 March 2024
David Jack Associates Ltd
Registered number: SC632739
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,834 2,741
Current assets
Work in Progress 3,666 2,214
Debtors 4 9,222 13,688
Cash at bank and in hand 19,417 18,693
32,305 34,595
Creditors: amounts falling due within one year 5 (20,266) (14,898)
Net current assets 12,039 19,697
Total assets less current liabilities 13,873 22,438
Creditors: amounts falling due after more than one year 6 (8,426) (14,676)
Net assets 5,447 7,762
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,347 7,662
Shareholders' funds 5,447 7,762
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D.Jack
Director
Approved by the board on 12 September 2024
David Jack Associates Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 4,532
At 31 March 2024 4,532
Depreciation
At 1 April 2023 1,791
Charge for the year 907
At 31 March 2024 2,698
Net book value
At 31 March 2024 1,834
At 31 March 2023 2,741
4 Debtors 2024 2023
£ £
Trade debtors 8,818 13,284
Other debtors 404 404
9,222 13,688
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 865 1,060
Taxation and social security costs 13,676 7,706
Accruals 675 600
Other creditors 5,050 5,532
20,266 14,898
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,416 14,676
Other creditors (1,990) -
8,426 14,676
7 Other information
David Jack Associates Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
14 Carden Place
Aberdeen
Scotland
AB10 1UR
David Jack Associates Ltd SC632739 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 D.Jack No description of principal activity SC632739 2022-04-01 2023-03-31 SC632739 core:WithinOneYear 2023-03-31 SC632739 core:AfterOneYear 2023-03-31 SC632739 core:ShareCapital 2023-03-31 SC632739 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC632739 2023-04-01 2024-03-31 SC632739 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC632739 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC632739 bus:Director40 2023-04-01 2024-03-31 SC632739 core:PlantMachinery 2023-04-01 2024-03-31 SC632739 countries:England 2023-04-01 2024-03-31 SC632739 bus:FRS102 2023-04-01 2024-03-31 SC632739 bus:FilletedAccounts 2023-04-01 2024-03-31 SC632739 2024-03-31 SC632739 core:WithinOneYear 2024-03-31 SC632739 core:AfterOneYear 2024-03-31 SC632739 core:ShareCapital 2024-03-31 SC632739 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC632739 core:PlantMachinery 2024-03-31 SC632739 2023-03-31 SC632739 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure