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REGISTERED NUMBER: SC521940 (Scotland)















JLC Joinery Ltd

Financial Statements For The Year Ended 31 December 2023






JLC Joinery Ltd (Registered number: SC521940)






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


JLC Joinery Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTOR: Mr J Zajaczkowski



REGISTERED OFFICE: 4 North Guildry Street
Elgin
Moray
IV30 1JR



REGISTERED NUMBER: SC521940 (Scotland)



ACCOUNTANTS: Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Bank of Scotland
PO Box 17235
Edinburgh
EH11 1YH

JLC Joinery Ltd (Registered number: SC521940)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171,247 161,906

CURRENT ASSETS
Debtors 5 13,792 13,183
Cash at bank 4,248 21,411
18,040 34,594
CREDITORS
Amounts falling due within one year 6 80,368 74,585
NET CURRENT LIABILITIES (62,328 ) (39,991 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,919

121,915

CREDITORS
Amounts falling due after more than one
year

7

(27,218

)

(42,793

)

PROVISIONS FOR LIABILITIES 8 (6,902 ) (7,339 )
NET ASSETS 74,799 71,783

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 10 74,679 71,663
SHAREHOLDERS' FUNDS 74,799 71,783

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 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.

JLC Joinery Ltd (Registered number: SC521940)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





Mr J Zajaczkowski - Director


JLC Joinery Ltd (Registered number: SC521940)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

JLC Joinery 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.
Land and buildings - not provided
Equipment - 33% on cost and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

JLC Joinery Ltd (Registered number: SC521940)

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

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 123,282 33,345 43,945 1,097 201,669
Additions 1,350 15,482 8,775 250 25,857
Disposals - (3,707 ) (7,150 ) (757 ) (11,614 )
At 31 December 2023 124,632 45,120 45,570 590 215,912
DEPRECIATION
At 1 January 2023 - 15,825 23,032 906 39,763
Charge for year - 5,915 7,037 104 13,056
Eliminated on disposal - (2,431 ) (5,074 ) (649 ) (8,154 )
At 31 December 2023 - 19,309 24,995 361 44,665
NET BOOK VALUE
At 31 December 2023 124,632 25,811 20,575 229 171,247
At 31 December 2022 123,282 17,520 20,913 191 161,906

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 9,271 12,488
Other debtors 4,521 695
13,792 13,183

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,576 5,266
Trade creditors 2,092 5,526
Taxation and social security 37,668 21,479
Other creditors 25,032 32,314
80,368 74,585

Other payables include amount due of £5,576 (2022 £5,265) under hire purchase agreements which are secured against the assets to which they relate.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,841 25,840
Hire purchase contracts 11,377 16,953
27,218 42,793

JLC Joinery Ltd (Registered number: SC521940)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Other payables include amounts due of £11,377 (2022 £16,953) under hire purchase agreements which are secured against the assets to which they relate.

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 6,902 7,339

Deferred
tax
£   
Balance at 1 January 2023 7,339
Provided during year (437 )
Balance at 31 December 2023 6,902

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
110 Ordinary 1 110 110
5 A Ordinary 1 5 5
5 B Ordinary 1 5 5
120 120

10. RESERVES
Retained
earnings
£   

At 1 January 2023 71,663
Profit for the year 6,016
Dividends (3,000 )
At 31 December 2023 74,679

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2022 - £24,000) were paid to the director .

As at 1 January 2023 the company owed the director £30,879. During the year the director paid expenses on behalf of the company totalling £7,999. At 31 December 2023 the company owed the director £22,880. This loan is interest free and has no fixed terms of payment.

The company operates from premises owned by the director. Rental of £780 (2022 £780) was paid to the director.