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REGISTERED NUMBER: SC728529 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

J S Engineering (Gretna) Ltd

J S Engineering (Gretna) Ltd (Registered number: SC728529)






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 S Engineering (Gretna) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J Swallow





REGISTERED OFFICE: 111 Victory Avenue
Gretna
Dumfriesshire
DG16 5DR





REGISTERED NUMBER: SC728529 (Scotland)





ACCOUNTANTS: CMCA Accounting
25A Buccleuch Street
Dumfries
Dumfries & Galloway
DG1 2AT

J S Engineering (Gretna) Ltd (Registered number: SC728529)

Balance Sheet
30 April 2024

30.4.23 30.4.24
£    £    Notes £    £   
FIXED ASSETS
39,880 Tangible assets 4 56,935

CURRENT ASSETS
75,439 Debtors 5 76,459
7,794 Cash at bank 28,494
83,233 104,953
CREDITORS
117,039 Amounts falling due within one year 6 132,987
(33,806 ) NET CURRENT LIABILITIES (28,034 )
6,074 TOTAL ASSETS LESS CURRENT
LIABILITIES

28,901

CREDITORS
- Amounts falling due after more than one
year

7

(1,785

)

(7,577 ) PROVISIONS FOR LIABILITIES (7,156 )
(1,503 ) NET ASSETS/(LIABILITIES) 19,960

CAPITAL AND RESERVES
10 Called up share capital 10
(1,513 ) Retained earnings 19,950
(1,503 ) 19,960

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 S Engineering (Gretna) Ltd (Registered number: SC728529)

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 28 December 2024 and were signed by:





J Swallow - Director


J S Engineering (Gretna) Ltd (Registered number: SC728529)

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

1. STATUTORY INFORMATION

J S Engineering (Gretna) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

J S Engineering (Gretna) Ltd (Registered number: SC728529)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 49,595
Additions 24,995
At 30 April 2024 74,590
DEPRECIATION
At 1 May 2023 9,715
Charge for year 7,940
At 30 April 2024 17,655
NET BOOK VALUE
At 30 April 2024 56,935
At 30 April 2023 39,880

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 20,809
DEPRECIATION
At 1 May 2023 5,204
Charge for year 3,900
At 30 April 2024 9,104
NET BOOK VALUE
At 30 April 2024 11,705
At 30 April 2023 15,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 75,681 75,439
Other debtors 778 -
76,459 75,439

J S Engineering (Gretna) Ltd (Registered number: SC728529)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 3,571 8,927
Trade creditors 25,955 11,080
Taxation and social security 3,217 1,946
Other creditors 100,244 95,086
132,987 117,039

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 1,785 -

8. RELATED PARTY DISCLOSURES

At 30 April 2024 an amount of £99,044 (2023- £93,886 )was owed to the director J Swallow by means of a directors loan account. This amount is interest free and repayable on demand.

Dividends of £2000 were paid to directors during the year.