Company Registration No. SC593094 (Scotland)
Jessica Buckley Interiors Ltd
Unaudited accounts
for the year ended 30 April 2024
Jessica Buckley Interiors Ltd
Unaudited accounts
Contents
Jessica Buckley Interiors Ltd
Company Information
for the year ended 30 April 2024
Company Number
SC593094 (Scotland)
Registered Office
39-41 William Street
Edinburgh
EH3 7LW
Scotland
Accountants
Allsquare (Edinburgh) Ltd
Federation House
222-224 Queensferry Road
Edinburgh
EH4 2BN
Jessica Buckley Interiors Ltd
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
59,290
31,671
Creditors: amounts falling due within one year
(161,384)
(43,567)
Net current assets
31,294
58,094
Total assets less current liabilities
31,294
58,606
Creditors: amounts falling due after more than one year
(31,179)
(57,904)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
15
505
Shareholders' funds
115
605
For the year ending 30 April 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 director acknowledges her 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 and authorised for issue on 28 January 2025 and were signed on its behalf by
Jessica Buckley
Director
Company Registration No. SC593094
Jessica Buckley Interiors Ltd
Notes to the Accounts
for the year ended 30 April 2024
Jessica Buckley Interiors Ltd is a private company, limited by shares, registered in Scotland, registration number SC593094. The registered office is 39-41 William Street, Edinburgh, EH3 7LW, Scotland.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Computer equipment
20% straight line
Jessica Buckley Interiors Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
65,520
30,326
Accrued income and prepayments
28,493
289
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
27,770
26,725
Taxes and social security
30,395
4,347
Loans from directors
(9,988)
21
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Jessica Buckley Interiors Ltd
Notes to the Accounts
for the year ended 30 April 2024
9
Transactions with related parties
Included within Loans from director is an amount of (£9988) (2023: £21) due to the company from the director, Jessica Buckley. Interest at a rate of 2.25% has been charged where the loan exceeded £10,000. No interest is charged by the director to the company. The loan has no fixed terms for repayment.
10
Average number of employees
During the year the average number of employees was 1 (2023: 5).