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REGISTERED NUMBER: SC507774 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

J M Shearer Limited

J M Shearer Limited (Registered number: SC507774)






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


J M Shearer Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J Shearer





REGISTERED OFFICE: 15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB





REGISTERED NUMBER: SC507774 (Scotland)





ACCOUNTANTS: ICW Accountancy Ltd
15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB

J M Shearer Limited (Registered number: SC507774)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,687 95,591

CURRENT ASSETS
Stocks 700 500
Debtors 5 4,855 3,075
Cash at bank and in hand 83,302 90,062
88,857 93,637
CREDITORS
Amounts falling due within one year 6 345 4,501
NET CURRENT ASSETS 88,512 89,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,199

184,727

CREDITORS
Amounts falling due after more than one year 7 (15,334 ) (13,600 )

PROVISIONS FOR LIABILITIES (22,672 ) (2,080 )
NET ASSETS 175,193 169,047

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 175,192 169,046
SHAREHOLDERS' FUNDS 175,193 169,047

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 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.

J M Shearer Limited (Registered number: SC507774)

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 director and authorised for issue on 31 December 2024 and were signed by:





J Shearer - Director


J M Shearer Limited (Registered number: SC507774)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

J M Shearer Limited 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.

Land & Property - 4% reducing balance
Plant & Machinery - 20% reducing balance
Fixtures & Fittings - 15% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

J M Shearer Limited (Registered number: SC507774)

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 133,784
Additions 67,028
Disposals (35,167 )
At 30 April 2024 165,645
DEPRECIATION
At 1 May 2023 38,193
Charge for year 19,557
Eliminated on disposal (16,792 )
At 30 April 2024 40,958
NET BOOK VALUE
At 30 April 2024 124,687
At 30 April 2023 95,591

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,403 2,247
Other debtors 2,452 828
4,855 3,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 161 648
Taxation and social security 169 3,853
Other creditors 15 -
345 4,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 15,334 13,600