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REGISTERED NUMBER: SC112513 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Arneil Johnston Limited

Arneil Johnston Limited (Registered number: SC112513)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arneil Johnston Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms D Milton
Mrs E Byrne



SECRETARY: JR Gunn



REGISTERED OFFICE: Falkirk Business Hub
45 Vicar Street
Falkirk
FK7 1LL



REGISTERED NUMBER: SC112513 (Scotland)



ACCOUNTANTS: James Gunn
Chartered Accountants
10 Duckburn Business Park
Dunblane
FK15 0EW



BANKERS: Virgin Money
2- 4 Royal Exchange Square
Glasgow
G1 3AB

Arneil Johnston Limited (Registered number: SC112513)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,564 2,917

CURRENT ASSETS
Debtors 5 79,947 62,972
Cash at bank and in hand 145,044 130,033
224,991 193,005
CREDITORS
Amounts falling due within one year 6 101,428 71,330
NET CURRENT ASSETS 123,563 121,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,127

124,592

PROVISIONS FOR LIABILITIES 1,255 554
NET ASSETS 127,872 124,038

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 77,872 74,038
SHAREHOLDERS' FUNDS 127,872 124,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Arneil Johnston Limited (Registered number: SC112513)

Balance Sheet - continued
31 December 2023


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





Ms D Milton - Director


Arneil Johnston Limited (Registered number: SC112513)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Arneil Johnston 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention on the going concern basis. They are presented in sterling, which is the functional currency of the company.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires the directors to exercise their judgement in the application of the company's accounting policies. They do not consider that there are any matters arising in this regard that are so significant to the financial statements as to require separate disclosure.

The principal accounting policies applied in the preparation of these financial statements are set out below. They have been applied consistently to all years presented, unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. It is recognised when invoiced. Income received in advance for the supply of goods and services which have not been provided or completed is excluded.

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 - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Arneil Johnston Limited (Registered number: SC112513)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors due within one year
Debtors, prepayments, creditors and provisions are recognised at the transaction value, after taking account of any discounts or impairments.

Cash and cash equivalents
Cash at bank and in hand includes cash, bank current accounts and bank deposits repayable without penalty on notice of not more than three months.

Accrued income
Accrued income is valued on the basis of full revenue recognition as appropriate by reference to the stage of completion of the work.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 14,286
Additions 4,579
Disposals (5,885 )
At 31 December 2023 12,980
DEPRECIATION
At 1 January 2023 11,369
Charge for year 1,932
Eliminated on disposal (5,885 )
At 31 December 2023 7,416
NET BOOK VALUE
At 31 December 2023 5,564
At 31 December 2022 2,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 79,947 62,972

Arneil Johnston Limited (Registered number: SC112513)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Taxation and social security 61,534 43,938
Other creditors 39,894 27,392
101,428 71,330