REGISTERED NUMBER: SC290940 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

JVS Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V H Smith

J M Smith

SECRETARY:

Mrs V H Smith

REGISTERED OFFICE:

Upper Kinnadie

Auchnagatt

Ellon

Aberdeenshire

AB41 8XJ

REGISTERED NUMBER:

SC290940 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

FIXED ASSETS

Tangible assets

4

37,486

26,685

CURRENT ASSETS

Stocks

100

100

Debtors

5

532

547

632

647

CREDITORS

Amounts falling due within one year

6

18,393

59,501

NET CURRENT LIABILITIES

(17,761

)

(58,854

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,725

(32,169

)

CREDITORS

Amounts falling due after more than one year

7

27,011

2,625

NET LIABILITIES

(7,286

)

(34,794

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(7,288

)

(34,796

)

(7,286

)

(34,794

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:

Mrs V H Smith - Director

1.	STATUTORY INFORMATION

JVS Developments Limited 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.

Freehold property

-

4% on reducing balance

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

20,094

84,856

104,950

Additions

3,514

36,405

39,919

Disposals

(23,608

)

(21,459

)

(45,067

)

At 31 December 2024

-

99,802

99,802

DEPRECIATION

At 1 January 2024

5,080

73,185

78,265

Charge for year

-

9,382

9,382

Eliminated on disposal

(5,080

)

(20,251

)

(25,331

)

At 31 December 2024

-

62,316

62,316

NET BOOK VALUE

At 31 December 2024

-

37,486

37,486

At 31 December 2023

15,014

11,671

26,685

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

532

547

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

3,060

12,115

Hire purchase contracts

9,828

3,500

Taxation and social security

4,346

944

Other creditors

1,159

42,942

18,393

59,501

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

27,011

2,625

8.	RELATED PARTY DISCLOSURES

During the year the directors Mr James Smith and Mrs Victoria Smith owed the company £532 - this amount remained outstanding at 31st December 2024 and is included within other debtors in the notes to the accounts. This debt has been repaid in full as at 31st March 2025.