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REGISTERED NUMBER: SC164959 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

James Roy Associates Limited

James Roy Associates Limited (Registered number: SC164959)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James Roy Associates Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr J G Roy
Mrs C A Roy





REGISTERED OFFICE: 3A Marine Terrace
Aberdeen
Aberdeenshire
AB11 7SF





REGISTERED NUMBER: SC164959 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

James Roy Associates Limited (Registered number: SC164959)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128 1,377
Investments 5 4,350 11,450
4,478 12,827

CURRENT ASSETS
Debtors 6 20,682 5,178
Cash at bank 37,442 27,266
58,124 32,444
CREDITORS
Amounts falling due within one year 7 5,476 3,048
NET CURRENT ASSETS 52,648 29,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,126

42,223

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves (7,100 ) -
Retained earnings 64,126 42,123
SHAREHOLDERS' FUNDS 57,126 42,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

James Roy Associates Limited (Registered number: SC164959)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





Mr J G Roy - Director


James Roy Associates Limited (Registered number: SC164959)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

James Roy Associates 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 as modified by the revaluation of certain assets.

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 - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

James Roy Associates Limited (Registered number: SC164959)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2023 30,411
Disposals (727 )
At 31 August 2024 29,684
DEPRECIATION
At 1 September 2023 29,034
Charge for year 1,249
Eliminated on disposal (727 )
At 31 August 2024 29,556
NET BOOK VALUE
At 31 August 2024 128
At 31 August 2023 1,377

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 11,450
Revaluations (7,100 )
At 31 August 2024 4,350
NET BOOK VALUE
At 31 August 2024 4,350
At 31 August 2023 11,450

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Cost 4,350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 12,719 2,428
Work in progress 7,000 2,000
Other debtors 963 750
20,682 5,178

James Roy Associates Limited (Registered number: SC164959)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 3,193 900
Other creditors 2,283 2,148
5,476 3,048

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr J G Roy
Balance outstanding at start of year (4 ) (4 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4 ) (4 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J G Roy.