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REGISTERED NUMBER: SC278748 (Scotland)















David Stewart Joiner Ltd.

Financial Statements For The Year Ended 30 April 2024






David Stewart Joiner Ltd. (Registered number: SC278748)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Stewart Joiner Ltd.

Company Information
For The Year Ended 30 April 2024







DIRECTORS: Mrs W Stewart
Mr D Stewart





SECRETARY: Mrs W Stewart





REGISTERED OFFICE: Lochinvar
Allan Lane
Lossiemouth
Moray
IV31 6DS





REGISTERED NUMBER: SC278748 (Scotland)





ACCOUNTANTS: The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR

David Stewart Joiner Ltd. (Registered number: SC278748)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,660 65,388
48,660 65,388

CURRENT ASSETS
Debtors 6 49,668 35,520
Cash at bank 43,331 54,561
92,999 90,081
CREDITORS
Amounts falling due within one year 7 81,270 85,993
NET CURRENT ASSETS 11,729 4,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,389

69,476

CREDITORS
Amounts falling due after more than one
year

8

(14,394

)

(24,394

)

PROVISIONS FOR LIABILITIES 9 (7,129 ) (9,500 )
NET ASSETS 38,866 35,582

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 38,666 35,382
SHAREHOLDERS' FUNDS 38,866 35,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

David Stewart Joiner Ltd. (Registered number: SC278748)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





Mr D Stewart - Director


David Stewart Joiner Ltd. (Registered number: SC278748)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

David Stewart Joiner 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.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and was amortised on a systematic basis over its expected life of 10 years. Goodwill is now fully amortised.

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.
Equipment - 25% on reducing balance and 10% on cost

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.

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.

David Stewart Joiner Ltd. (Registered number: SC278748)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 15,000
AMORTISATION
At 1 May 2023
and 30 April 2024 15,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
Equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 16,946 43,231 77,033 137,210
DEPRECIATION
At 1 May 2023 14,170 27,464 30,188 71,822
Charge for year 694 4,323 11,711 16,728
At 30 April 2024 14,864 31,787 41,899 88,550
NET BOOK VALUE
At 30 April 2024 2,082 11,444 35,134 48,660
At 30 April 2023 2,776 15,767 46,845 65,388

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 49,668 35,025
Other debtors - 495
49,668 35,520

David Stewart Joiner Ltd. (Registered number: SC278748)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,129 11,165
Taxation and social security 13,826 2,557
Other creditors 51,315 62,271
81,270 85,993

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 14,394 24,394

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 7,129 9,500

Deferred
tax
£   
Balance at 1 May 2023 9,500
Provided during year (2,371 )
Balance at 30 April 2024 7,129

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
90 A Ordinary 1 90 90
90 B Ordinary 1 90 90
10 C Ordinary 1 10 10
10 D Ordinary 1 10 10
200 200

11. RESERVES
Retained
earnings
£   

At 1 May 2023 35,382
Profit for the year 7,284
Dividends (4,000 )
At 30 April 2024 38,666

David Stewart Joiner Ltd. (Registered number: SC278748)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

12. CAPITAL COMMITMENTS
30.4.24 30.4.23
£    £   
Contracted but not provided for in the
financial statements 136,900 138,750

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2023 - £4,000) were paid to the directors .

As 30 April 2023 the company owed the directors £60,086. During the year the company met expenditure on behalf of the directors amounting to £10,456. At 30 April 2024 the company owed the directors £49,630.This loan is interest free and has no fixed terms of repayment.