Company Registration No. SC451315 (Scotland)
J and A Fisher Joiners Limited
Unaudited accounts
for the year ended 31 May 2024
J and A Fisher Joiners Limited
Unaudited accounts
Contents
J and A Fisher Joiners Limited
Company Information
for the year ended 31 May 2024
Directors
James Fisher
Angela Fisher
Company Number
SC451315 (Scotland)
Registered Office
52 Hamilton Street
Tillicoultry
Clackmannanshire
FK13 6EL
Accountants
Bridge of Allan Enterprise Ltd
"The Summerhouse"
29A Kenilworth Road, Bridge of Allan
Stirling
FK9 4EH
J and A Fisher Joiners Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
120,581
69,752
Creditors: amounts falling due within one year
(40,837)
(63,266)
Net current assets
79,744
23,653
Total assets less current liabilities
79,744
25,664
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
79,644
25,183
Shareholders' funds
79,744
25,283
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by
James Fisher
Director
Company Registration No. SC451315
J and A Fisher Joiners Limited
Notes to the Accounts
for the year ended 31 May 2024
J and A Fisher Joiners Limited is a private company, limited by shares, registered in Scotland, registration number SC451315. The registered office is 52 Hamilton Street , Tillicoultry , Clackmannanshire, FK13 6EL.
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.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% per annum cost
Turnover is measured at the fair value of the consideration received or receivable in relation to joinery services. excluding value added tax where relevant. and recognised by reference to the stage of completion. The stage of completion is measured by comparing the costs incurred as a proportion of total costs.
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 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.
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.
J and A Fisher Joiners Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
16,247
8,536
Loans from directors
16,512
35,286
The director's loans are interest free and no fixed terms of repayment have been agreed .
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Average number of employees
During the year the average number of employees was 3 (2023: 3).