Company registration number SC723488 (Scotland)
J K Johnston & Sons Ltd
Unaudited financial statements
for the year ended 28 February 2024
Pages for filing with registrar
J K Johnston & Sons Ltd
Balance sheet
as at 28 February 2024
28 February 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
65,000
-
0
Current assets
Debtors
100
100
Creditors: amounts falling due within one year
(65,000)
-
0
Net current (liabilities)/assets
(64,900)
100
Net assets
100
100
Capital and reserves
-
-
Called up share capital
100
100

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 29 November 2024 and are signed on its behalf by:
Mr J W R Johnston
Director
Company registration number SC723488 (Scotland)
J K Johnston & Sons Ltd
Notes to the financial statements
for the year ended 28 February 2024
2
1
Accounting policies
Company information

J K Johnston & Sons Ltd is a private company limited by shares incorporated in Scotland. The registered office is .

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Land is not depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
J K Johnston & Sons Ltd
Notes to the financial statements (continued)
for the year ended 28 February 2024
3
3
Tangible fixed assets
Total
£
Cost
At 1 March 2023
-
0
Additions
65,000
At 28 February 2024
65,000
Depreciation and impairment
At 1 March 2023 and 28 February 2024
-
0
Carrying amount
At 28 February 2024
65,000
At 28 February 2023
-
0
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