Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity76falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC630762 2023-07-01 2024-06-30 SC630762 2022-07-01 2023-06-30 SC630762 2024-06-30 SC630762 2023-06-30 SC630762 c:CompanySecretary1 2023-07-01 2024-06-30 SC630762 c:Director1 2023-07-01 2024-06-30 SC630762 c:Director2 2023-07-01 2024-06-30 SC630762 c:Director2 2024-06-30 SC630762 c:RegisteredOffice 2023-07-01 2024-06-30 SC630762 d:PlantMachinery 2023-07-01 2024-06-30 SC630762 d:MotorVehicles 2023-07-01 2024-06-30 SC630762 d:CurrentFinancialInstruments 2024-06-30 SC630762 d:CurrentFinancialInstruments 2023-06-30 SC630762 d:Non-currentFinancialInstruments 2024-06-30 SC630762 d:Non-currentFinancialInstruments 2023-06-30 SC630762 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC630762 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC630762 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC630762 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC630762 d:ShareCapital 2024-06-30 SC630762 d:ShareCapital 2023-06-30 SC630762 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC630762 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC630762 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC630762 c:OrdinaryShareClass1 2024-06-30 SC630762 c:OrdinaryShareClass1 2023-06-30 SC630762 c:FRS102 2023-07-01 2024-06-30 SC630762 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC630762 c:FullAccounts 2023-07-01 2024-06-30 SC630762 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC630762 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC630762










J & J GRANT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
J & J GRANT LIMITED
 

COMPANY INFORMATION


Directors
Mr J W Grant 
Miss W A Grant (appointed 5 March 2024)




Company secretary
Mr J W Grant



Registered number
SC630762



Registered office
14 City Quay

Dundee

DD1 3JA




Trading Address
Blackcastle Farm
Pathhead

Midlothian

EH37 5XR







 
J & J GRANT LIMITED
REGISTERED NUMBER: SC630762

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
770,632
829,696

Investments
 5 
91
91

  
770,723
829,787

Current assets
  

Stocks
  
321,275
320,034

Debtors: amounts falling due within one year
 6 
289,238
208,559

Cash at bank and in hand
  
56,465
23,322

  
666,978
551,915

Creditors: amounts falling due within one year
 7 
(320,424)
(251,768)

Net current assets
  
 
 
346,554
 
 
300,147

Total assets less current liabilities
  
1,117,277
1,129,934

Creditors: amounts falling due after more than one year
 8 
(587,374)
(697,892)

Provisions for liabilities
  

Deferred tax
  
(191,817)
(206,529)

  
 
 
(191,817)
 
 
(206,529)

Net assets
  
338,086
225,513


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
337,986
225,413

  
338,086
225,513


Page 1

 
J & J GRANT LIMITED
REGISTERED NUMBER: SC630762

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 year 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 6 February 2025.




Mr J W Grant
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
J & J GRANT LIMITED
 

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

1.


General information

J & J Grant Limited is a private company, limited by shares and registered in Scotland with the registration number SC630762. The registered office is 14 City Quay, Dundee, DD1 3JA. The trading address is Blackcastle Farm, Pathhead, Midlothian, EH37 5XR.

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

Turnover

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

 
J & J GRANT LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year 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

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.

Page 4

 
J & J GRANT LIMITED
 

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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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

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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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 year was 7 (2023 - 6).

Page 5

 
J & J GRANT LIMITED
 

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

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 July 2023
1,181,209
20,162
1,201,371


Additions
60,732
-
60,732


Disposals
(14,537)
-
(14,537)



At 30 June 2024

1,227,404
20,162
1,247,566



Depreciation


At 1 July 2023
359,718
11,957
371,675


Charge for the year on owned assets
109,223
2,051
111,274


Disposals
(6,015)
-
(6,015)



At 30 June 2024

462,926
14,008
476,934



Net book value



At 30 June 2024
764,478
6,154
770,632

Page 6

 
J & J GRANT LIMITED
 

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

5.


Fixed asset investments





Trade investments

£





At 1 July 2023
91





6.


Debtors

2024
2023
£
£


Trade debtors
174,143
159,142

Other debtors
100,000
35,793

Prepayments and accrued income
15,095
13,624

289,238
208,559



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
38,700
38,453

Trade creditors
102,427
89,620

Other taxation and social security
70,188
25,377

Obligations under finance lease and hire purchase contracts
88,352
95,918

Other creditors
18,357
-

Accruals and deferred income
2,400
2,400

320,424
251,768



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
553,000
594,915

Net obligations under finance leases and hire purchase contracts
34,374
102,977

587,374
697,892


Page 7

 
J & J GRANT LIMITED
 

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

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 8