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REGISTERED NUMBER: SC407059 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

OBAN JOINERY SERVICES LIMITED

OBAN JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC407059)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OBAN JOINERY SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2023







DIRECTORS: Joseph MacIntyre
Deborah Ellen MacIntyre





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC407059 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

OBAN JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC407059)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,809 13,604

CURRENT ASSETS
Work in progress 624,271 367,271
Debtors 5 167,910 134,668
Cash at bank 29,321 5,954
821,502 507,893
CREDITORS
Amounts falling due within one year 6 351,364 323,134
NET CURRENT ASSETS 470,138 184,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,947

198,363

CREDITORS
Amounts falling due after more than one year 7 (422,471 ) (102,190 )

PROVISIONS FOR LIABILITIES (3,707 ) (2,338 )
NET ASSETS 64,769 93,835

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,669 93,735
SHAREHOLDERS' FUNDS 64,769 93,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

OBAN JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC407059)

BALANCE SHEET - continued
30 November 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 Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Joseph MacIntyre - Director


OBAN JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC407059)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

Oban Joinery Services 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.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress 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 work in progress to their present location and condition.

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.

Hire purchase and leasing commitments
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.

OBAN JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC407059)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 1,300 3,000 30,546 34,846
Additions - 12,000 - 12,000
At 30 November 2023 1,300 15,000 30,546 46,846
DEPRECIATION
At 1 December 2022 - 2,183 19,059 21,242
Charge for year - 1,923 2,872 4,795
At 30 November 2023 - 4,106 21,931 26,037
NET BOOK VALUE
At 30 November 2023 1,300 10,894 8,615 20,809
At 30 November 2022 1,300 817 11,487 13,604

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 69,700 49,750
Other debtors 98,210 84,918
167,910 134,668

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,000 33,000
Hire purchase contracts 3,002 3,956
Taxation and social security 167,436 164,838
Other creditors 147,926 121,340
351,364 323,134

OBAN JOINERY SERVICES LIMITED (REGISTERED NUMBER: SC407059)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 162,750 90,750
Hire purchase contracts 4,002 7,005
Other creditors 255,719 4,435
422,471 102,190