IRIS Accounts Production v24.3.2.46 SC625701 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6257012023-04-30SC6257012024-04-30SC6257012023-05-012024-04-30SC6257012022-04-30SC6257012022-05-012023-04-30SC6257012023-04-30SC625701ns15:Scotland2023-05-012024-04-30SC625701ns14:PoundSterling2023-05-012024-04-30SC625701ns10:Director12023-05-012024-04-30SC625701ns10:Director22023-05-012024-04-30SC625701ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC625701ns10:SmallEntities2023-05-012024-04-30SC625701ns10:AuditExemptWithAccountantsReport2023-05-012024-04-30SC625701ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC625701ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC625701ns10:FullAccounts2023-05-012024-04-30SC62570112023-05-012024-04-30SC625701ns10:RegisteredOffice2023-05-012024-04-30SC625701ns5:CurrentFinancialInstruments2024-04-30SC625701ns5:CurrentFinancialInstruments2023-04-30SC625701ns5:Non-currentFinancialInstruments2024-04-30SC625701ns5:Non-currentFinancialInstruments2023-04-30SC625701ns5:ShareCapital2024-04-30SC625701ns5:ShareCapital2023-04-30SC625701ns5:RetainedEarningsAccumulatedLosses2024-04-30SC625701ns5:RetainedEarningsAccumulatedLosses2023-04-30SC625701ns5:NetGoodwill2023-05-012024-04-30SC625701ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC625701ns5:PlantMachinery2023-05-012024-04-30SC625701ns5:FurnitureFittings2023-05-012024-04-30SC625701ns5:MotorVehicles2023-05-012024-04-30SC625701ns5:NetGoodwill2023-04-30SC625701ns5:NetGoodwill2024-04-30SC625701ns5:NetGoodwill2023-04-30SC625701ns5:PlantMachinery2023-04-30SC625701ns5:FurnitureFittings2023-04-30SC625701ns5:MotorVehicles2023-04-30SC625701ns5:PlantMachinery2024-04-30SC625701ns5:FurnitureFittings2024-04-30SC625701ns5:MotorVehicles2024-04-30SC625701ns5:PlantMachinery2023-04-30SC625701ns5:FurnitureFittings2023-04-30SC625701ns5:MotorVehicles2023-04-30SC625701ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC625701ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30SC625701ns5:CurrentFinancialInstruments2023-05-012024-04-30SC625701ns5:Non-currentFinancialInstruments2023-05-012024-04-30SC625701ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-04-30SC625701ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-04-30SC625701ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-30SC625701ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-30SC625701ns5:HirePurchaseContracts2024-04-30SC625701ns5:HirePurchaseContracts2023-04-30
REGISTERED NUMBER: SC625701 (Scotland)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Jack Swales Plant Services Ltd

Jack Swales Plant Services Ltd (Registered number: SC625701)

Contents of the Financial Statements
for the year ended 30th April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Jack Swales Plant Services Ltd

Company Information
for the year ended 30th April 2024







Directors: N Swales
J P J Swales





Registered office: Lallyburn
Lentran
Inverness
IV3 8RN





Registered number: SC625701 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jack Swales Plant Services 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 Jack Swales Plant Services Ltd for the year ended 30th April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Jack Swales Plant Services 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 Jack Swales Plant Services Ltd and state those matters that we have agreed to state to the Board of Directors of Jack Swales Plant Services 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 Jack Swales Plant Services 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 profit of Jack Swales Plant Services Ltd. You consider that Jack Swales Plant Services 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 Jack Swales Plant Services 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.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


16th January 2025

Jack Swales Plant Services Ltd (Registered number: SC625701)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 16,640 19,968
Tangible assets 5 84,845 41,512
101,485 61,480

Current assets
Stocks 18,685 18,685
Debtors 6 31,149 47,159
Cash at bank 59,181 89,678
109,015 155,522
Creditors
Amounts falling due within one year 7 74,627 82,659
Net current assets 34,388 72,863
Total assets less current liabilities 135,873 134,343

Creditors
Amounts falling due after more than one
year

8

(19,859

)

(35,718

)

Provisions for liabilities (16,121 ) (6,150 )
Net assets 99,893 92,475

Capital and reserves
Called up share capital 10 10
Retained earnings 99,883 92,465
Shareholders' funds 99,893 92,475

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

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

Jack Swales Plant Services Ltd (Registered number: SC625701)

Balance Sheet - continued
30th 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th January 2025 and were signed on its behalf by:




J P J Swales - Director



N Swales - Director


Jack Swales Plant Services Ltd (Registered number: SC625701)

Notes to the Financial Statements
for the year ended 30th April 2024


1. Statutory information

Jack Swales Plant Services 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, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on 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 Statement of Income and Retained Earnings, 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.


Jack Swales Plant Services Ltd (Registered number: SC625701)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


2. Accounting policies - continued
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.

Fair value
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st May 2023
and 30th April 2024 33,280
Amortisation
At 1st May 2023 13,312
Charge for year 3,328
At 30th April 2024 16,640
Net book value
At 30th April 2024 16,640
At 30th April 2023 19,968

Jack Swales Plant Services Ltd (Registered number: SC625701)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1st May 2023 42,427 947 46,030 89,404
Additions 64,604 - - 64,604
At 30th April 2024 107,031 947 46,030 154,008
Depreciation
At 1st May 2023 20,127 587 27,178 47,892
Charge for year 17,380 120 3,771 21,271
At 30th April 2024 37,507 707 30,949 69,163
Net book value
At 30th April 2024 69,524 240 15,081 84,845
At 30th April 2023 22,300 360 18,852 41,512

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 29,958 47,159
Other debtors 1,191 -
31,149 47,159

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,015 10,000
Hire purchase contracts (see note 9) 5,206 6,770
Trade creditors 33,338 8,139
Taxation and social security 22,277 30,346
Other creditors 3,791 27,404
74,627 82,659

The obligations under hire purchase contracts are secured over the assets which the agreements
relate to.

Jack Swales Plant Services Ltd (Registered number: SC625701)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 19,859 30,512
Hire purchase contracts (see note 9) - 5,206
19,859 35,718

The obligations under hire purchase contracts are secured over the assets which the agreements
relate to.

9. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 5,206 6,770
Between one and five years - 5,206
5,206 11,976