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REGISTERED NUMBER: SC627953 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

SCOTT JAMES & ASSOCIATES LTD

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)






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


SCOTT JAMES & ASSOCIATES LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S James





REGISTERED OFFICE:
1st Floor, 5 Abercrombie Court
Arnhall Business Park, Prospect Road
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC627953 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

Balance Sheet
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 908,167 1,039,270
Tangible assets 5 2,155 3,478
910,322 1,042,748

CURRENT ASSETS
Debtors 6 106,315 113,922
Cash at bank and in hand 12,067 31,912
118,382 145,834
CREDITORS
Amounts falling due within one year 7 307,973 351,306
NET CURRENT LIABILITIES (189,591 ) (205,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

720,731

837,276

CREDITORS
Amounts falling due after more than one year 8 567,979 659,318
NET ASSETS 152,752 177,958

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 152,652 177,858
152,752 177,958

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.

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

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 30 January 2025 and were signed by:





S James - Director


SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Scott James & Associates 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 business throughout the years, is being amortised evenly over its estimated useful life of ten 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 etc - 33% on cost

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.

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 1,311,025
AMORTISATION
At 1 May 2023 271,755
Charge for year 131,103
At 30 April 2024 402,858
NET BOOK VALUE
At 30 April 2024 908,167
At 30 April 2023 1,039,270

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 7,360
Additions 798
At 30 April 2024 8,158
DEPRECIATION
At 1 May 2023 3,882
Charge for year 2,121
At 30 April 2024 6,003
NET BOOK VALUE
At 30 April 2024 2,155
At 30 April 2023 3,478

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 92,013 77,014
Other debtors 5,707 23,157
97,720 100,171

Amounts falling due after more than one year:
Other debtors 8,595 13,751

Aggregate amounts 106,315 113,922

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 2,348 8,999
Taxation and social security 98,542 80,476
Other creditors 207,083 261,831
307,973 351,306

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 567,979 659,318

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 124,074 154,105

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 10,151 10,401

SCOTT JAMES & ASSOCIATES LTD (REGISTERED NUMBER: SC627953)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
S James
Balance outstanding at start of year (2,921 ) 12,229
Amounts advanced 363 3,363
Amounts repaid - (18,513 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,558 ) (2,921 )