Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC207175 Mr Michael Tracey Mr James Whitton Mr Michael Tracey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC207175 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-05-31 SC207175 2023-05-31 SC207175 2024-05-31 SC207175 2023-06-01 2024-05-31 SC207175 frs-core:CurrentFinancialInstruments 2024-05-31 SC207175 frs-core:Non-currentFinancialInstruments 2024-05-31 SC207175 frs-core:BetweenOneFiveYears 2024-05-31 SC207175 frs-core:FurnitureFittings 2024-05-31 SC207175 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC207175 frs-core:FurnitureFittings 2023-05-31 SC207175 frs-core:MotorVehicles 2024-05-31 SC207175 frs-core:MotorVehicles 2023-06-01 2024-05-31 SC207175 frs-core:MotorVehicles 2023-05-31 SC207175 frs-core:WithinOneYear 2024-05-31 SC207175 frs-core:ShareCapital 2024-05-31 SC207175 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC207175 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC207175 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC207175 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC207175 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC207175 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC207175 frs-bus:Director1 2023-06-01 2024-05-31 SC207175 frs-bus:Director2 2023-06-01 2024-05-31 SC207175 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 SC207175 frs-countries:Scotland 2023-06-01 2024-05-31 SC207175 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-05-31 SC207175 2022-05-31 SC207175 2023-05-31 SC207175 2022-06-01 2023-05-31 SC207175 frs-core:CurrentFinancialInstruments 2023-05-31 SC207175 frs-core:Non-currentFinancialInstruments 2023-05-31 SC207175 frs-core:BetweenOneFiveYears 2023-05-31 SC207175 frs-core:MotorVehicles 2022-06-01 2023-05-31 SC207175 frs-core:WithinOneYear 2023-05-31 SC207175 frs-core:ShareCapital 2023-05-31 SC207175 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC207175
J & M Interiors (Scotland) Limited
Financial Statements
For The Year Ended 31 May 2024
Arthur Garty & Co. Ltd.
161 Albert Street
Dundee
Tayside
DD4 6PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC207175
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,164 24,327
12,164 24,327
CURRENT ASSETS
Stocks 5 17,407 11,117
Debtors 6 234,020 146,234
Cash at bank and in hand 66,107 99,616
317,534 256,967
Creditors: Amounts Falling Due Within One Year 7 (194,630 ) (170,593 )
NET CURRENT ASSETS (LIABILITIES) 122,904 86,374
TOTAL ASSETS LESS CURRENT LIABILITIES 135,068 110,701
Creditors: Amounts Falling Due After More Than One Year 8 (43,443 ) (57,957 )
NET ASSETS 91,625 52,744
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 91,525 52,644
SHAREHOLDERS' FUNDS 91,625 52,744
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Tracey
Director
Mr James Whitton
Director
13th January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
J & M Interiors (Scotland) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC207175 . The registered office is 7 Barlow Avenue, West Pitkerro Industrial Estate, Broughty Ferry, Dundee, Angus, DD5 3RS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 33% on cost
Fixtures & Fittings 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 14)
14 14
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 88,503 10,178 98,681
As at 31 May 2024 88,503 10,178 98,681
Depreciation
As at 1 June 2023 64,176 10,178 74,354
Provided during the period 12,163 - 12,163
As at 31 May 2024 76,339 10,178 86,517
Net Book Value
As at 31 May 2024 12,164 - 12,164
As at 1 June 2023 24,327 - 24,327
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 12,164 24,327
5. Stocks
2024 2023
£ £
Materials 17,407 11,117
6. Debtors
2024 2023
£ £
Due within one year
Amounts recoverable on contracts 221,827 141,071
Other debtors 12,193 5,163
234,020 146,234
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,283 7,904
Trade creditors 120,860 73,046
Bank loans and overdrafts 7,232 7,232
Other creditors 11,798 28,993
Taxation and social security 47,457 53,418
194,630 170,593
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,284 14,566
Bank loans 36,159 43,391
43,443 57,957
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 7,232 14,464
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,567 22,470
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,283 7,904
Later than one year and not later than five years 7,284 14,566
14,567 22,470
14,567 22,470
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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