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REGISTERED NUMBER: SC228538 (Scotland)















Financial Statements For The Year Ended 28 February 2024

for

JJRPrint Limited

JJRPrint Limited (Registered number: SC228538)






Contents of the Financial Statements
For The Year Ended 28 February 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


JJRPrint Limited

Company Information
For The Year Ended 28 February 2024







DIRECTOR: S Byron





REGISTERED OFFICE: 3 Poplar Road
Dumbarton
G82 2RD





REGISTERED NUMBER: SC228538 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

JJRPrint Limited (Registered number: SC228538)

Abridged Statement of Financial Position
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 133,114 130,199
133,114 130,199

CURRENT ASSETS
Stocks 32,974 17,774
Debtors 299,673 209,857
Cash at bank and in hand 139,322 266,464
471,969 494,095
CREDITORS
Amounts falling due within one year 58,499 78,683
NET CURRENT ASSETS 413,470 415,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,584

545,611

CREDITORS
Amounts falling due after more than one year (12,500 ) (22,500 )

PROVISIONS FOR LIABILITIES (29,659 ) (24,735 )
NET ASSETS 504,425 498,376

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 504,325 498,276
504,425 498,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JJRPrint Limited (Registered number: SC228538)

Abridged Statement of Financial Position - continued
28 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:





S Byron - Director


JJRPrint Limited (Registered number: SC228538)

Notes to the Financial Statements
For The Year Ended 28 February 2024

1. STATUTORY INFORMATION

JJRPrint 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on cost
Motor vehicles - 15% on cost
Office equipment - 15% on cost

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


JJRPrint Limited (Registered number: SC228538)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 11 ) .

JJRPrint Limited (Registered number: SC228538)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 28 February 2024 31,854
AMORTISATION
At 1 March 2023
and 28 February 2024 31,854
NET BOOK VALUE

At 28 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 464,644
Additions 32,636
Disposals (71,104 )
At 28 February 2024 426,176
DEPRECIATION
At 1 March 2023 334,445
Charge for year 28,083
Eliminated on disposal (69,466 )
At 28 February 2024 293,062
NET BOOK VALUE
At 28 February 2024 133,114
At 28 February 2023 130,199

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,489 16,410
Between one and five years 16,489 32,979
32,978 49,389

JJRPrint Limited (Registered number: SC228538)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2024 and 28 February 2023:

2024 2023
£    £   
I Robertson
Balance outstanding at start of year 88,974 (1,026 )
Amounts advanced 12,050 100,000
Amounts repaid (101,024 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 88,974

S Byron
Balance outstanding at start of year (1,026 ) (1,026 )
Amounts advanced 324 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (702 ) (1,026 )

8. RELATED PARTY DISCLOSURES

During the year the company purchased goods and services from J & J Robertson, a firm in which one of the former directors of the company, Ian Robertson is a partner. These transactions totalled £27,708 (2023: £28,700). The net Balance due to J & J Robertson at 28 February 2024 was £nil (2023: £nil).