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REGISTERED NUMBER: SC579432 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

J Amber Joinery Ltd

J Amber Joinery Ltd (Registered number: SC579432)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J Amber Joinery Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr B J Anderson
Mr J M Anderson





REGISTERED OFFICE: 42 Baxter Street
Aberdeen
AB11 9QE





REGISTERED NUMBER: SC579432 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

J Amber Joinery Ltd (Registered number: SC579432)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,830 20,109
Investment property 5 265,000 495,000
279,830 515,109

CURRENT ASSETS
Stocks 109,649 231,277
Debtors 6 25,481 28,243
Cash at bank 30,400 1,854
165,530 261,374
CREDITORS
Amounts falling due within one year 7 189,506 407,187
NET CURRENT LIABILITIES (23,976 ) (145,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,854

369,296

CREDITORS
Amounts falling due after more than one
year

8

(189,420

)

(242,952

)

PROVISIONS FOR LIABILITIES (1,440 ) (12,594 )
NET ASSETS 64,994 113,750

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 38,118 55,078
Retained earnings 26,874 58,670
64,994 113,750

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

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

J Amber Joinery Ltd (Registered number: SC579432)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:




Mr B J Anderson - Director



Mr J M Anderson - Director


J Amber Joinery Ltd (Registered number: SC579432)

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

1. STATUTORY INFORMATION

J Amber Joinery 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

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

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

J Amber Joinery Ltd (Registered number: SC579432)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 15,441 16,320 4,847 36,608
Disposals - (2,566 ) - (2,566 )
At 31 October 2024 15,441 13,754 4,847 34,042
DEPRECIATION
At 1 November 2023 6,890 5,440 4,169 16,499
Charge for year 1,728 1,354 343 3,425
Eliminated on disposal - (712 ) - (712 )
At 31 October 2024 8,618 6,082 4,512 19,212
NET BOOK VALUE
At 31 October 2024 6,823 7,672 335 14,830
At 31 October 2023 8,551 10,880 678 20,109

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 495,000
Disposals (230,000 )
At 31 October 2024 265,000
NET BOOK VALUE
At 31 October 2024 265,000
At 31 October 2023 495,000

The directors have assessed the property market and historical cost price of the investment property to determine a fair value. There has been no valuation of the land and buildings by an independent valuer.

J Amber Joinery Ltd (Registered number: SC579432)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2021 24,850
Valuation in 2023 22,209
Cost 217,941
265,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 25,481 28,243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 12,891 11,111
Taxation and social security 1,860 1,153
Other creditors 174,755 394,923
189,506 407,187

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 189,420 242,952

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 174,125 225,297

9. SECURED DEBTS

The company has granted a charge over 8 Birkhall Place, Aberdeen in favour of Lendinvest Btl Limited.

The company has granted a charge over 116 Summerhill Drive, Aberdeen in favour of The Mortgage Lender Limited.

10. RESERVES
Fair
value
reserve
£   
At 1 November 2023 55,078
Reserves transfer (16,960 )

At 31 October 2024 38,118

J Amber Joinery Ltd (Registered number: SC579432)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
Mr B J Anderson
Balance outstanding at start of year (63,750 ) (89,773 )
Amounts advanced 6,013 50,039
Amounts repaid (2,000 ) (24,016 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (59,737 ) (63,750 )

Mr J M Anderson
Balance outstanding at start of year (311,885 ) (371,885 )
Amounts advanced 312,000 197,000
Amounts repaid (102,000 ) (137,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (101,885 ) (311,885 )

12. RELATED PARTY DISCLOSURES

Included in other debtors is a loan due from Homes Aberdeen Ltd of £23,600 (2023 - £26,000), a company owned by the directors.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, B Anderson and J Anderson, who between them own 100% of the issued share capital.