IRIS Accounts Production v24.3.0.553 SC444214 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4442142023-03-31SC4442142024-03-31SC4442142023-04-012024-03-31SC4442142022-03-31SC4442142022-04-012023-03-31SC4442142023-03-31SC444214ns15:Scotland2023-04-012024-03-31SC444214ns14:PoundSterling2023-04-012024-03-31SC444214ns10:Director12023-04-012024-03-31SC444214ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC444214ns10:SmallEntities2023-04-012024-03-31SC444214ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC444214ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC444214ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC444214ns10:FullAccounts2023-04-012024-03-31SC44421412023-04-012024-03-31SC444214ns10:OrdinaryShareClass12023-04-012024-03-31SC444214ns10:RegisteredOffice2023-04-012024-03-31SC444214ns5:CurrentFinancialInstruments2024-03-31SC444214ns5:CurrentFinancialInstruments2023-03-31SC444214ns5:ShareCapital2024-03-31SC444214ns5:ShareCapital2023-03-31SC444214ns5:RetainedEarningsAccumulatedLosses2024-03-31SC444214ns5:RetainedEarningsAccumulatedLosses2023-03-31SC444214ns5:NetGoodwill2023-04-012024-03-31SC444214ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC444214ns5:NetGoodwill2023-03-31SC444214ns5:NetGoodwill2024-03-31SC444214ns5:NetGoodwill2023-03-31SC444214ns5:FurnitureFittings2023-03-31SC444214ns5:MotorVehicles2023-03-31SC444214ns5:ComputerEquipment2023-03-31SC444214ns5:FurnitureFittings2023-04-012024-03-31SC444214ns5:MotorVehicles2023-04-012024-03-31SC444214ns5:ComputerEquipment2023-04-012024-03-31SC444214ns5:FurnitureFittings2024-03-31SC444214ns5:MotorVehicles2024-03-31SC444214ns5:ComputerEquipment2024-03-31SC444214ns5:FurnitureFittings2023-03-31SC444214ns5:MotorVehicles2023-03-31SC444214ns5:ComputerEquipment2023-03-31SC444214ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC444214ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC444214ns10:OrdinaryShareClass12024-03-31SC444214ns5:RetainedEarningsAccumulatedLosses2023-03-31SC444214ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31SC4442141ns10:Director12023-03-31SC4442141ns10:Director12022-03-31SC4442141ns10:Director12023-04-012024-03-31SC4442141ns10:Director12022-04-012023-03-31SC4442141ns10:Director12024-03-31SC4442141ns10:Director12023-03-31
REGISTERED NUMBER: SC444214 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JAS MCGREGOR LTD.

JAS MCGREGOR LTD. (REGISTERED NUMBER: SC444214)






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 4


JAS MCGREGOR LTD.

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: J A S McGregor



REGISTERED OFFICE: 6 Miller road
Ayr
KA7 2AY



REGISTERED NUMBER: SC444214 (Scotland)



ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY



BANKERS: Handelsbanken
2nd Floor
Apex 3
95 Haymarket Street
Edinburgh
EH12 5HD

JAS MCGREGOR LTD. (REGISTERED NUMBER: SC444214)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 562 675
Tangible assets 5 358 6,096
920 6,771

CURRENT ASSETS
Debtors 6 37,411 66,513
Cash at bank 31,794 5,377
69,205 71,890
CREDITORS
Amounts falling due within one year 7 46,339 41,832
NET CURRENT ASSETS 22,866 30,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,786

36,829

PROVISIONS FOR LIABILITIES 68 1,158
NET ASSETS 23,718 35,671

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 23,618 35,571
SHAREHOLDERS' FUNDS 23,718 35,671

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 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.

JAS MCGREGOR LTD. (REGISTERED NUMBER: SC444214)

STATEMENT OF FINANCIAL POSITION - continued
31 March 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:





J A S McGregor - Director


JAS MCGREGOR LTD. (REGISTERED NUMBER: SC444214)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

JAS McGregor 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates . It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment
The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

Key Judgements made in the application of Accounting Policies
a) Exemptions taken in the application of FRS 102
The Company has considered and taken advantage of the following exemptions in its application of FRS 102:
i) The Company has not revisited previous accounting estimates.

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 2013, 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.
Computer Equipment - 33% on cost
Furniture and Fixture - 25% on reducing balance
Motor Vehicle - 20% on cost

JAS MCGREGOR LTD. (REGISTERED NUMBER: SC444214)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 32,125
AMORTISATION
At 1 April 2023 31,450
Amortisation for year 113
At 31 March 2024 31,563
NET BOOK VALUE
At 31 March 2024 562
At 31 March 2023 675

JAS MCGREGOR LTD. (REGISTERED NUMBER: SC444214)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 65 26,895 4,330 31,290
DEPRECIATION
At 1 April 2023 58 21,516 3,620 25,194
Charge for year 2 5,379 357 5,738
At 31 March 2024 60 26,895 3,977 30,932
NET BOOK VALUE
At 31 March 2024 5 - 353 358
At 31 March 2023 7 5,379 710 6,096

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,565 4,631
Other debtors 34,846 61,882
37,411 66,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,305 733
Taxation and social security 33,134 33,299
Other creditors 3,900 7,800
46,339 41,832

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 35,571
Deficit for the year (11,953 )
At 31 March 2024 23,618

JAS MCGREGOR LTD. (REGISTERED NUMBER: SC444214)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J A S McGregor
Balance outstanding at start of year 61,765 (526 )
Amounts advanced 78,077 117,812
Amounts repaid (105,263 ) (55,521 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,579 61,765

11. RELATED PARTY DISCLOSURES

As on 31.03.2024 other creditors balance includes £72,702 due to Kintail Properties (2015) Limited. Mr J A S McGregor is director in both companies.