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Company Registration No. SC579311 (Scotland)
John Kay's Shop Ltd Unaudited accounts for the year ended 31 October 2023
John Kay's Shop Ltd Unaudited accounts Contents
Page
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John Kay's Shop Ltd Company Information for the year ended 31 October 2023
Directors
Alice McRae Andrew Alexander McRae
Company Number
SC579311 (Scotland)
Registered Office
8 Victoria Street Edinburgh EH1 2HG United Kingdom
Accountants
Braes Accountancy Limited Ironworks Business Centre Castlelaurie Industrial Estate Falkirk Stirlingshire FK2 7XE
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John Kay's Shop Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,426 
20,527 
Current assets
Inventories
19,831 
29,831 
Debtors
140,813 
109,000 
Cash at bank and in hand
156,801 
96,500 
317,445 
235,331 
Creditors: amounts falling due within one year
(148,623)
(64,640)
Net current assets
168,822 
170,691 
Total assets less current liabilities
177,248 
191,218 
Creditors: amounts falling due after more than one year
(46,116)
(65,914)
Net assets
131,132 
125,304 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
131,032 
125,204 
Shareholders' funds
131,132 
125,304 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Andrew Alexander McRae Director Company Registration No. SC579311
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John Kay's Shop Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
John Kay's Shop Ltd is a private company, limited by shares, registered in Scotland, registration number SC579311. The registered office is 8 Victoria Street, Edinburgh, EH1 2HG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
28,742 
53,434 
82,176 
At 31 October 2023
28,742 
53,434 
82,176 
Depreciation
At 1 November 2022
17,370 
44,279 
61,649 
Charge for the year
5,389 
6,712 
12,101 
At 31 October 2023
22,759 
50,991 
73,750 
Net book value
At 31 October 2023
5,983 
2,443 
8,426 
At 31 October 2022
11,372 
9,155 
20,527 
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John Kay's Shop Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,813 
- 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
25,000 
- 
Other debtors
114,000 
109,000 
139,000 
109,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,483 
- 
VAT
16,889 
17,835 
Amounts owed to group undertakings and other participating interests
14,802 
14,802 
Taxes and social security
24,681 
23,603 
Other creditors
4,416 
- 
Loans from directors
8,197 
4,245 
Accruals
44,155 
4,155 
Deferred income
30,000 
- 
148,623 
64,640 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,708 
45,674 
Other creditors
11,408 
20,240 
46,116 
65,914 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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