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REGISTERED NUMBER: SC264764 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

W.B. Jamieson Services Ltd.

W.B. Jamieson Services Ltd. (Registered number: SC264764)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.B. Jamieson Services Ltd.

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr D A Jamieson





REGISTERED OFFICE: Gourdieburn Farm
Potterton
Aberdeen
AB23 8UY





REGISTERED NUMBER: SC264764 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

W.B. Jamieson Services Ltd. (Registered number: SC264764)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,646 27,845

CURRENT ASSETS
Stocks 128,511 158,683
Debtors 5 502,036 368,353
Cash at bank and in hand 709,384 941,539
1,339,931 1,468,575
CREDITORS
Amounts falling due within one year 6 163,658 251,267
NET CURRENT ASSETS 1,176,273 1,217,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,206,919

1,245,153

PROVISIONS FOR LIABILITIES 5,820 5,511
NET ASSETS 1,201,099 1,239,642

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,200,999 1,239,542
1,201,099 1,239,642

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

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

W.B. Jamieson Services Ltd. (Registered number: SC264764)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





Mr D A Jamieson - Director


W.B. Jamieson Services Ltd. (Registered number: SC264764)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

W.B. Jamieson Services 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.
Improvements to property - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

W.B. Jamieson Services Ltd. (Registered number: SC264764)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 22,434 7,448 1,608
Additions - - -
Disposals - - -
At 31 May 2024 22,434 7,448 1,608
DEPRECIATION
At 1 June 2023 22,212 6,918 1,344
Charge for year 205 201 99
Eliminated on disposal - - -
At 31 May 2024 22,417 7,119 1,443
NET BOOK VALUE
At 31 May 2024 17 329 165
At 31 May 2023 222 530 264

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 35,048 24,681 91,219
Additions 20,550 3,950 24,500
Disposals (15,550 ) - (15,550 )
At 31 May 2024 40,048 28,631 100,169
DEPRECIATION
At 1 June 2023 15,160 17,740 63,374
Charge for year 7,194 2,338 10,037
Eliminated on disposal (3,888 ) - (3,888 )
At 31 May 2024 18,466 20,078 69,523
NET BOOK VALUE
At 31 May 2024 21,582 8,553 30,646
At 31 May 2023 19,888 6,941 27,845

W.B. Jamieson Services Ltd. (Registered number: SC264764)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 445,819 336,394
Other debtors 56,217 31,959
502,036 368,353

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 109,802 146,800
Taxation and social security 29,704 80,284
Other creditors 24,152 24,183
163,658 251,267

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mr D A Jamieson
Balance outstanding at start of year (360 ) 809
Amounts advanced 360 1,716
Amounts repaid (360 ) (2,885 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (360 ) (360 )