JOHN REID & SON (ISLAY INDUSTRIES) LIMITED

Company Registration Number:
07514826 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

JOHN REID & SON (ISLAY INDUSTRIES) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

JOHN REID & SON (ISLAY INDUSTRIES) LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 18,761 37,522
Tangible assets: 4 198,412 240,456
Total fixed assets: 217,173 277,978
Current assets
Stocks: 38,260 46,494
Debtors:   891,634 899,265
Cash at bank and in hand: 409 204
Total current assets: 930,303 945,963
Creditors: amounts falling due within one year:   (588,485) (625,916)
Net current assets (liabilities): 341,818 320,047
Total assets less current liabilities: 558,991 598,025
Creditors: amounts falling due after more than one year:   (55,751) (106,768)
Provision for liabilities: (41,263) (37,244)
Total net assets (liabilities): 461,977 454,013
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 461,877 453,913
Shareholders funds: 461,977 454,013

The notes form part of these financial statements

JOHN REID & SON (ISLAY INDUSTRIES) LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 February 2025
and signed on behalf of the board by:

Name: M A Reid
Status: Director

The notes form part of these financial statements

JOHN REID & SON (ISLAY INDUSTRIES) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

JOHN REID & SON (ISLAY INDUSTRIES) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 13 19

JOHN REID & SON (ISLAY INDUSTRIES) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 150,084
At 31 March 2024 150,084
Amortisation
At 01 April 2023 112,562
Charge for year 18,761
At 31 March 2024 131,323
Net book value
At 31 March 2024 18,761
At 31 March 2023 37,522

JOHN REID & SON (ISLAY INDUSTRIES) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 432,430
Additions 741
At 31 March 2024 433,171
Depreciation
At 01 April 2023 191,974
Charge for year 42,785
At 31 March 2024 234,759
Net book value
At 31 March 2024 198,412
At 31 March 2023 240,456