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REGISTERED NUMBER: SC290940 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

JVS Developments Limited

JVS Developments Limited (Registered number: SC290940)






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


JVS Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs V H Smith
J M Smith





SECRETARY: Mrs V H Smith





REGISTERED OFFICE: Upper Kinnadie
Auchnagatt
Ellon
Aberdeenshire
AB41 8XJ





REGISTERED NUMBER: SC290940 (Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

JVS Developments Limited (Registered number: SC290940)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,685 31,139

CURRENT ASSETS
Stocks 100 50
Debtors 5 547 631
647 681
CREDITORS
Amounts falling due within one year 6 59,501 47,799
NET CURRENT LIABILITIES (58,854 ) (47,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,169

)

(15,979

)

CREDITORS
Amounts falling due after more than one year 7 (2,625 ) (6,125 )

PROVISIONS FOR LIABILITIES - (2,959 )
NET LIABILITIES (34,794 ) (25,063 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (34,796 ) (25,065 )
(34,794 ) (25,063 )

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.

JVS Developments Limited (Registered number: SC290940)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mrs V H Smith - Director


JVS Developments Limited (Registered number: SC290940)

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

1. STATUTORY INFORMATION

JVS Developments 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 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.
Freehold property - 4% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 20,094 84,856 104,950
DEPRECIATION
At 1 January 2023 4,454 69,357 73,811
Charge for year 626 3,828 4,454
At 31 December 2023 5,080 73,185 78,265
NET BOOK VALUE
At 31 December 2023 15,014 11,671 26,685
At 31 December 2022 15,640 15,499 31,139

JVS Developments Limited (Registered number: SC290940)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 547 631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 12,115 21,430
Hire purchase contracts 3,500 3,500
Taxation and social security 944 174
Other creditors 42,942 22,695
59,501 47,799

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 2,625 6,125

8. RELATED PARTY DISCLOSURES

During the year the directors Mr James Smith and Mrs Victoria Smith advanced the company net amounts £41,794
These amounts remained outstanding at 31/12/2023 and are included within other creditors in the notes to the
accounts.