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REGISTERED NUMBER: SC585213 (Scotland)















James MacPherson Ltd

Financial Statements For The Year Ended 31 January 2024






James MacPherson Ltd (Registered number: SC585213)






Contents of the Financial Statements
For The Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James MacPherson Ltd

Company Information
For The Year Ended 31 January 2024







DIRECTOR: J MacPherson





REGISTERED OFFICE: c/o The Long Partnership, 1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF





REGISTERED NUMBER: SC585213 (Scotland)





ACCOUNTANTS: The Long Partnership
1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF

James MacPherson Ltd (Registered number: SC585213)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,202 8,805

CURRENT ASSETS
Debtors 5 38,092 11,329
Cash at bank 39,214 42,322
77,306 53,651
CREDITORS
Amounts falling due within one year 6 31,508 34,715
NET CURRENT ASSETS 45,798 18,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,000

27,741

CREDITORS
Amounts falling due after more than one
year

7

(3,038

)

-

PROVISIONS FOR LIABILITIES (4,788 ) -
NET ASSETS 63,174 27,741

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 63,173 27,740
63,174 27,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

James MacPherson Ltd (Registered number: SC585213)

Balance Sheet - continued
31 January 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 January 2025 and were signed by:





J MacPherson - Director


James MacPherson Ltd (Registered number: SC585213)

Notes to the Financial Statements
For The Year Ended 31 January 2024

1. STATUTORY INFORMATION

James MacPherson 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.
Equipment - 20% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

James MacPherson Ltd (Registered number: SC585213)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 February 2023 18,738
Additions 20,300
At 31 January 2024 39,038
DEPRECIATION
At 1 February 2023 9,933
Charge for year 3,903
At 31 January 2024 13,836
NET BOOK VALUE
At 31 January 2024 25,202
At 31 January 2023 8,805

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 4,102 -
Other debtors 33,990 11,329
38,092 11,329

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 1,771 6,580
Taxation and social security 26,452 19,221
Other creditors 3,285 8,914
31,508 34,715

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 3,038 -