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REGISTERED NUMBER: SC643146 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Johnny Lad Ltd

Johnny Lad Ltd (Registered number: SC643146)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Johnny Lad Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Collington
Mrs A J Collington





SECRETARY: Mrs A J Collington





REGISTERED OFFICE: 302 St. Vincent Street
Glasgow
G2 5RZ





REGISTERED NUMBER: SC643146 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Johnny Lad Ltd (Registered number: SC643146)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,289 2,585

CURRENT ASSETS
Debtors 5 7,686 3,327
Cash at bank 4,906 22,668
12,592 25,995
CREDITORS
Amounts falling due within one year 6 19,608 15,981
NET CURRENT (LIABILITIES)/ASSETS (7,016 ) 10,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,727

)

12,599

PROVISIONS FOR LIABILITIES 322 491
NET (LIABILITIES)/ASSETS (6,049 ) 12,108

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (7,049 ) 11,108
(6,049 ) 12,108

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

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

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 31 October 2024 and were signed on its behalf by:





J Collington - Director


Johnny Lad Ltd (Registered number: SC643146)

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

1. STATUTORY INFORMATION

Johnny Lad 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.
Office Equipment - 33% on cost
Motor vehicles - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
At the balance sheet date the Company's liabilities exceed its assets by £6,049. The Company meets its day to day working capital requirements from daily takings and loans from the Directors. The financial statements were prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future.The Directors believe that the financial statements should be prepared on a going concern basis

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Johnny Lad Ltd (Registered number: SC643146)

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

4. TANGIBLE FIXED ASSETS
Office Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 5,478 4,715 10,193
Additions 1,264 - 1,264
At 31 March 2024 6,742 4,715 11,457
DEPRECIATION
At 1 April 2023 4,072 3,536 7,608
Charge for year 1,381 1,179 2,560
At 31 March 2024 5,453 4,715 10,168
NET BOOK VALUE
At 31 March 2024 1,289 - 1,289
At 31 March 2023 1,406 1,179 2,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,758 2,399
Other debtors 928 928
7,686 3,327

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 2
Tax - (2,793 )
Social security and other taxes 489 982
VAT 1,347 500
Other creditors 125 -
Directors' current accounts 16,597 15,960
Accrued expenses 1,050 1,330
19,608 15,981