1 August 2023 false No description of principal activity Taxfiler 2024.6 SC075814business:PrivateLimitedCompanyLtd2023-08-012024-07-31 SC0758142023-07-31 SC0758142023-08-012024-07-31 SC075814business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 SC075814business:FilletedAccounts2023-08-012024-07-31 SC0758142024-07-31 SC075814business:Director12023-08-012024-07-31 SC075814business:Director22023-08-012024-07-31 SC075814business:RegisteredOffice2023-08-012024-07-31 SC0758142023-07-31 SC075814core:WithinOneYear2024-07-31 SC075814core:WithinOneYear2023-07-31 SC075814core:AfterOneYear2024-07-31 SC075814core:AfterOneYear2023-07-31 SC075814core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 SC075814core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC075814core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 SC075814core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC075814core:PreviouslyStatedAmount2024-07-31 SC075814core:PreviouslyStatedAmount2023-07-31 SC075814business:SmallEntities2023-08-012024-07-31 SC075814countries:Scotland2023-08-012024-07-31 SC075814core:LandBuildings2023-08-012024-07-31 SC075814core:PlantMachinery2023-08-012024-07-31 SC075814core:LandBuildings2023-07-31 SC075814core:PlantMachinery2023-07-31 SC075814core:LandBuildings2024-07-31 SC075814core:PlantMachinery2024-07-31 SC0758142022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC075814 (Scotland)
M.B. Jarvie Limited Unaudited accounts for the year ended 31 July 2024
M.B. Jarvie Limited Unaudited accounts Contents
Page
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M.B. Jarvie Limited Company Information for the year ended 31 July 2024
Directors
Adam Jarvie Michael Jarvie
Company Number
SC075814 (Scotland)
Registered Office
65 Stanley Street Kinning Park Glasgow G41 1JA Scotland
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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M.B. Jarvie Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
262,659 
282,398 
Current assets
Inventories
55,411 
65,411 
Debtors
9,023 
8,121 
Cash at bank and in hand
139,441 
81,727 
203,875 
155,259 
Creditors: amounts falling due within one year
(67,874)
(40,160)
Net current assets
136,001 
115,099 
Total assets less current liabilities
398,660 
397,497 
Creditors: amounts falling due after more than one year
(10,000)
(20,000)
Net assets
388,660 
377,497 
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
386,660 
375,497 
Shareholders' funds
388,660 
377,497 
For the year ending 31 July 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 14 April 2025 and were signed on its behalf by
Adam Jarvie Director Company Registration No. SC075814
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M.B. Jarvie Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
M.B. Jarvie Limited is a private company, limited by shares, registered in Scotland, registration number SC075814. The registered office is 65 Stanley Street, Kinning Park, Glasgow, G41 1JA, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
2% Straight Line
Plant & machinery
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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M.B. Jarvie Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
318,304 
278,737 
597,041 
Additions
- 
8,794 
8,794 
Disposals
- 
(3,797)
(3,797)
At 31 July 2024
318,304 
283,734 
602,038 
Depreciation
At 1 August 2023
115,900 
198,743 
314,643 
Charge for the year
4,048 
20,846 
24,894 
On disposals
- 
(158)
(158)
At 31 July 2024
119,948 
219,431 
339,379 
Net book value
At 31 July 2024
198,356 
64,303 
262,659 
At 31 July 2023
202,404 
79,994 
282,398 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
245 
- 
Accrued income and prepayments
8,778 
8,121 
9,023 
8,121 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
7,516 
1,532 
Taxes and social security
47,987 
37,590 
Other creditors
2,120 
1,540 
Loans from directors
89 
(10,668)
Accruals
162 
166 
67,874 
40,160 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,000 
20,000 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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