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REGISTERED NUMBER: SC527173 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

G Johnston Services Ltd

G Johnston Services Ltd (Registered number: SC527173)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G Johnston Services Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: G Johnston





SECRETARY:





REGISTERED OFFICE: Hillhead
Cothal
Fintray
Aberdeen
AB21 0HU





REGISTERED NUMBER: SC527173 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

G Johnston Services Ltd (Registered number: SC527173)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,569 13,522

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 1,913 1,252
Cash at bank 1,620 14,299
7,533 19,551
CREDITORS
Amounts falling due within one year 6 62,928 19,019
NET CURRENT (LIABILITIES)/ASSETS (55,395 ) 532
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,826

)

14,054

CREDITORS
Amounts falling due after more than one year 7 9,000 13,000
NET (LIABILITIES)/ASSETS (10,826 ) 1,054

RESERVES
Retained earnings (10,826 ) 1,054
SHAREHOLDERS' FUNDS (10,826 ) 1,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

G Johnston Services Ltd (Registered number: SC527173)

Balance Sheet - continued
29 February 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 director and authorised for issue on 28 November 2024 and were signed by:





G Johnston - Director


G Johnston Services Ltd (Registered number: SC527173)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

G Johnston Services 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2023 - 1 ).

G Johnston Services Ltd (Registered number: SC527173)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 17,503 558 15,757 567 34,385
Additions 52,900 - - 500 53,400
At 29 February 2024 70,403 558 15,757 1,067 87,785
DEPRECIATION
At 1 March 2023 12,349 272 7,787 455 20,863
Charge for year 11,610 58 1,594 91 13,353
At 29 February 2024 23,959 330 9,381 546 34,216
NET BOOK VALUE
At 29 February 2024 46,444 228 6,376 521 53,569
At 28 February 2023 5,154 286 7,970 112 13,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors (19 ) 1,252
VAT 1,932 -
1,913 1,252

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 19 19
Tax (6 ) 572
Social security and other taxes 588 543
VAT - 950
Directors' current accounts 61,577 16,185
Accrued expenses 750 750
62,928 19,019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bounce Back Loan 9,000 13,000