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REGISTERED NUMBER: SC333748 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 March 2024

for

John Reid Advisory Ltd

John Reid Advisory Ltd (Registered number: SC333748)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


John Reid Advisory Ltd

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Dr J Reid
M Reid
K Reid





SECRETARY: Mrs C Reid





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
GLASGOW
G32 8FH





REGISTERED NUMBER: SC333748 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
John Reid Advisory Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Reid Advisory Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of John Reid Advisory Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Reid Advisory Ltd and state those matters that we have agreed to state to the Board of Directors of John Reid Advisory Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Reid Advisory Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of John Reid Advisory Ltd. You consider that John Reid Advisory Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Reid Advisory Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


2 December 2024

John Reid Advisory Ltd (Registered number: SC333748)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 5 1,845 1,653
Cash at bank 199,730 227,069
201,575 228,722
CREDITORS
Amounts falling due within one year 6 11,310 9,103
NET CURRENT ASSETS 190,265 219,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,265

219,619

CAPITAL AND RESERVES
Called up share capital 192 192
Retained earnings 190,073 219,427
SHAREHOLDERS' FUNDS 190,265 219,619

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 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.

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 2 December 2024 and were signed on its behalf by:





Dr J Reid - Director


John Reid Advisory Ltd (Registered number: SC333748)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

John Reid Advisory 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

John Reid Advisory Ltd (Registered number: SC333748)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 703
DEPRECIATION
At 1 April 2023
and 31 March 2024 703
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,845 1,653

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 11,310 9,103

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
Dr J Reid
Balance outstanding at start of year 2,998 463
Amounts advanced 1,612 3,224
Amounts repaid (360 ) (689 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,250 2,998

M Reid
Balance outstanding at start of year 919 55
Amounts advanced 12,612 13,224
Amounts repaid (12,360 ) (12,360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,171 919

John Reid Advisory Ltd (Registered number: SC333748)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

K Reid
Balance outstanding at start of year 2,719 1,495
Amounts advanced 12,612 13,224
Amounts repaid (12,000 ) (12,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,331 2,719

8. RELATED PARTY DISCLOSURES

During the year the company paid rent of £3,854 to the Director, Mr J Reid.