Company Registration No. SC399524 (Scotland)
Jims Mowing (Perthshire) Limited
Unaudited accounts
for the year ended 31 May 2024
Jims Mowing (Perthshire) Limited
Unaudited accounts
Contents
Jims Mowing (Perthshire) Limited
Company Information
for the year ended 31 May 2024
Directors
Mr P Crosby
Mr A Crosby
Company Number
SC399524 (Scotland)
Registered Office
128 Perth Road
Scone
Perth
Tayside
PH2 6JL
Accountants
P S Gardiner CA
Tower House
Huntingtower Road
Perth
Tayside
PH1 2SQ
Jims Mowing (Perthshire) Limited
Statement of financial position
as at 31 May 2024
Tangible assets
12,470
15,033
Cash at bank and in hand
3,567
3,031
Creditors: amounts falling due within one year
(10,901)
(7,994)
Net current liabilities
(4,380)
(1,698)
Total assets less current liabilities
8,090
13,335
Creditors: amounts falling due after more than one year
(5,592)
(8,276)
Provisions for liabilities
Deferred tax
(2,369)
(2,856)
Called up share capital
4
4
Profit and loss account
125
2,199
Shareholders' funds
129
2,203
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by
Mr P Crosby
Director
Company Registration No. SC399524
Jims Mowing (Perthshire) Limited
Notes to the Accounts
for the year ended 31 May 2024
Jims Mowing (Perthshire) Limited is a private company, limited by shares, registered in Scotland, registration number SC399524. The registered office is 128 Perth Road, Scone, Perth, Tayside, PH2 6JL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
Franchise fee is included at cost less accumulated amortisation. The franchise fee is being written off in equal annual instalments over its estimated economic life of 10 years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Jims Mowing (Perthshire) Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
12,689
15,795
850
29,334
At 31 May 2024
12,989
15,795
1,300
30,084
At 1 June 2023
10,492
3,159
650
14,301
Charge for the year
624
2,527
162
3,313
At 31 May 2024
11,116
5,686
812
17,614
At 31 May 2024
1,873
10,109
488
12,470
At 31 May 2023
2,197
12,636
200
15,033
Amounts falling due within one year
Accrued income and prepayments
719
768
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
2,684
2,684
Taxes and social security
2,350
5
Loans from directors
927
365
Jims Mowing (Perthshire) Limited
Notes to the Accounts
for the year ended 31 May 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,592
8,276
9
Deferred taxation
2024
2023
Accelerated capital allowances
2,369
2,856
Provision at start of year
2,856
718
(Credited)/charged to the profit and loss account
(487)
2,138
Provision at end of year
2,369
2,856
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).