Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30No description of principal activityfalse2023-07-01false33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC688852 2023-07-01 2024-06-30 SC688852 2022-07-01 2023-06-30 SC688852 2024-06-30 SC688852 2023-06-30 SC688852 c:Director1 2023-07-01 2024-06-30 SC688852 c:Director2 2023-07-01 2024-06-30 SC688852 c:RegisteredOffice 2023-07-01 2024-06-30 SC688852 d:PlantMachinery 2023-07-01 2024-06-30 SC688852 d:PlantMachinery 2024-06-30 SC688852 d:PlantMachinery 2023-06-30 SC688852 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC688852 d:MotorVehicles 2023-07-01 2024-06-30 SC688852 d:MotorVehicles 2024-06-30 SC688852 d:MotorVehicles 2023-06-30 SC688852 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC688852 d:OfficeEquipment 2023-07-01 2024-06-30 SC688852 d:OfficeEquipment 2024-06-30 SC688852 d:OfficeEquipment 2023-06-30 SC688852 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC688852 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC688852 d:Goodwill 2023-07-01 2024-06-30 SC688852 d:Goodwill 2024-06-30 SC688852 d:Goodwill 2023-06-30 SC688852 d:CurrentFinancialInstruments 2024-06-30 SC688852 d:CurrentFinancialInstruments 2023-06-30 SC688852 d:Non-currentFinancialInstruments 2024-06-30 SC688852 d:Non-currentFinancialInstruments 2023-06-30 SC688852 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC688852 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC688852 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC688852 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC688852 d:ShareCapital 2024-06-30 SC688852 d:ShareCapital 2023-06-30 SC688852 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC688852 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC688852 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC688852 c:OrdinaryShareClass1 2024-06-30 SC688852 c:OrdinaryShareClass1 2023-06-30 SC688852 c:OrdinaryShareClass2 2023-07-01 2024-06-30 SC688852 c:OrdinaryShareClass2 2024-06-30 SC688852 c:OrdinaryShareClass2 2023-06-30 SC688852 c:FRS102 2023-07-01 2024-06-30 SC688852 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC688852 c:FullAccounts 2023-07-01 2024-06-30 SC688852 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC688852 2 2023-07-01 2024-06-30 SC688852 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC688852










JEANFIELD JOINERY 2021 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
JEANFIELD JOINERY 2021 LIMITED
 

COMPANY INFORMATION


DIRECTORS
J K Woolnough 
J W Kerr 




REGISTERED NUMBER
SC688852



REGISTERED OFFICE
Aberfeldy Business Park
Dunkeld Road

PH15 2AQ






ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
JEANFIELD JOINERY 2021 LIMITED
REGISTERED NUMBER: SC688852

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

FIXED ASSETS
  

Intangible assets
 4 
1
1

Tangible assets
 5 
32,778
28,554

  
32,779
28,555

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
23,955
6,873

Cash at bank and in hand
  
22,355
105,958

  
46,310
112,831

Creditors: amounts falling due within one year
 7 
(30,116)
(102,719)

NET CURRENT ASSETS
  
 
 
16,194
 
 
10,112

TOTAL ASSETS LESS CURRENT LIABILITIES
  
48,973
38,667

Creditors: amounts falling due after more than one year
 8 
-
(2,912)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(8,195)
(7,139)

  
 
 
(8,195)
 
 
(7,139)

NET ASSETS
  
40,778
28,616


CAPITAL AND RESERVES
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
39,778
27,616

  
40,778
28,616


Page 1

 
JEANFIELD JOINERY 2021 LIMITED
REGISTERED NUMBER: SC688852

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 January 2025.


J K Woolnough
J W Kerr
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JEANFIELD JOINERY 2021 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

Jeanfield Joinery 2021 Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC688852. The registered office is Aberfeldy Business Park, Dunkeld Road, Aberfeldy, Perthshire, PH15 2AQ. 
The financial statements are presented in Sterling which is in functional currency of the company and rounded to the nearest £. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
JEANFIELD JOINERY 2021 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

INTANGIBLE ASSETS

GOODWILL

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

OTHER INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
JEANFIELD JOINERY 2021 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
12.5% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the period was 3 (2023 - 3).

Page 5

 
JEANFIELD JOINERY 2021 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

4.


INTANGIBLE ASSETS



Goodwill

£



COST


At 1 July 2023
1



At 30 June 2024

1






NET BOOK VALUE



At 30 June 2024
1




5.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



COST OR VALUATION


At 1 July 2023
25,000
19,800
874
45,674


Additions
10,500
-
-
10,500



At 30 June 2024

35,500
19,800
874
56,174



DEPRECIATION


At 1 July 2023
8,252
8,663
205
17,120


Charge for the period on owned assets
3,407
2,785
84
6,276



At 30 June 2024

11,659
11,448
289
23,396



NET BOOK VALUE



At 30 June 2024
23,841
8,352
585
32,778



At 30 June 2023
16,748
11,137
669
28,554

Page 6

 
JEANFIELD JOINERY 2021 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
21,432
5,856

Amounts owed by group undertakings
841
-

Prepayments and accrued income
1,682
1,017

23,955
6,873



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
10,083
12,059

Amounts owed to group undertakings
-
59,648

Obligations under finance lease and hire purchase contracts
2,912
4,106

Other creditors
15,271
18,946

Accruals and deferred income
1,850
7,960

30,116
102,719


The hire purchase liabilties are secured over the assets to which they relate.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
2,912

-
2,912


The hire purchase liabilties are secured over the assets to which they relate.


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



510 (2023 - 510) Ordinary A shares of £1.00 each
510
510
490 (2023 - 490) Ordinary B shares of £1.00 each
490
490

1,000

1,000



Page 7