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REGISTERED NUMBER: SC312597 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DAN JAMES (JOINERS) LTD

DAN JAMES (JOINERS) LTD (REGISTERED NUMBER: SC312597)

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


DAN JAMES (JOINERS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr D R James
Mrs A L James



SECRETARY: Mrs A L James



REGISTERED OFFICE: 1 Fraser Road
Dulnain Bridge
Grantown on Spey
PH26 3NZ



REGISTERED NUMBER: SC312597 (Scotland)



ACCOUNTANTS: Ross + Co Accountancy Limited
31 Strathspey Avenue
Aviemore
PH22 1SN



BANKERS: The Royal Bank of Scotland
59 High Street
Grantown on Spey
Moray
PH26 3EG

DAN JAMES (JOINERS) LTD (REGISTERED NUMBER: SC312597)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,710 7,296

CURRENT ASSETS
Stocks 5,446 500
Debtors 5 43,704 36,466
Cash at bank 2,532 3,441
51,682 40,407
CREDITORS
Amounts falling due within one year 6 53,098 36,709
NET CURRENT (LIABILITIES)/ASSETS (1,416 ) 3,698
TOTAL ASSETS LESS CURRENT LIABILITIES 7,294 10,994

CREDITORS
Amounts falling due after more than one
year

7

(5,434

)

(9,195

)

PROVISIONS FOR LIABILITIES 8 (1,655 ) (1,386 )
NET ASSETS 205 413

CAPITAL AND RESERVES
Allotted, called up and fully paid share
capital

9

100

100
Profit and loss account - distributable 105 313
SHAREHOLDERS' FUNDS 205 413

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.

DAN JAMES (JOINERS) LTD (REGISTERED NUMBER: SC312597)

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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:




Mr D R James - Director



Mrs A L James - Director


DAN JAMES (JOINERS) LTD (REGISTERED NUMBER: SC312597)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Dan James (Joiners) Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

DAN JAMES (JOINERS) LTD (REGISTERED NUMBER: SC312597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 30,283
Additions 2,711
At 31 December 2023 32,994
DEPRECIATION
At 1 January 2023 22,987
Charge for year 1,297
At 31 December 2023 24,284
NET BOOK VALUE
At 31 December 2023 8,710
At 31 December 2022 7,296

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,718 4,110
Other debtors 41,986 32,356
43,704 36,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,585 5,402
Taxation and social security 32,908 23,381
Other creditors 7,605 7,926
53,098 36,709

Included in Other Creditors is a Bounce Back Loan of £4,046 (2022:£4,046).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 5,434 9,195

Included in Other Creditors is a Bounce Back Loan of £5,434 (2022: £9,195).

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,655 1,386

DAN JAMES (JOINERS) LTD (REGISTERED NUMBER: SC312597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 1,386
Provided during year 269
Balance at 31 December 2023 1,655

9. ALLOTTED, CALLED UP AND FULLY PAID SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr D R James
Balance outstanding at start of year 9,229 7,639
Amounts advanced 5,020 1,590
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,249 9,229

Mrs A L James
Balance outstanding at start of year 9,229 7,639
Amounts advanced 5,020 1,590
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,249 9,229

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the Directors, Mr & Mrs James, by virtue of their 100% equal ownership of the issued Ordinary Share Capital.