IRIS Accounts Production v25.1.0.734 SC580475 director 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5804752023-11-30SC5804752024-11-30SC5804752023-12-012024-11-30SC5804752022-11-30SC5804752022-12-012023-11-30SC5804752023-11-30SC580475ns15:Scotland2023-12-012024-11-30SC580475ns14:PoundSterling2023-12-012024-11-30SC580475ns10:Director12023-12-012024-11-30SC580475ns10:PrivateLimitedCompanyLtd2023-12-012024-11-30SC580475ns10:SmallEntities2023-12-012024-11-30SC580475ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-30SC580475ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-30SC580475ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-30SC580475ns10:FullAccounts2023-12-012024-11-30SC580475ns10:RegisteredOffice2023-12-012024-11-30SC580475ns5:CurrentFinancialInstruments2024-11-30SC580475ns5:CurrentFinancialInstruments2023-11-30SC580475ns5:Non-currentFinancialInstruments2024-11-30SC580475ns5:Non-currentFinancialInstruments2023-11-30SC580475ns5:ShareCapital2024-11-30SC580475ns5:ShareCapital2023-11-30SC580475ns5:RetainedEarningsAccumulatedLosses2024-11-30SC580475ns5:RetainedEarningsAccumulatedLosses2023-11-30SC580475ns5:PlantMachinery2023-12-012024-11-30SC580475ns5:PlantMachinery2023-11-30SC580475ns5:PlantMachinery2024-11-30SC580475ns5:PlantMachinery2023-11-30SC580475ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-30SC580475ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30SC580475ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-11-30SC580475ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-11-30SC580475ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-11-30SC580475ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-30
REGISTERED NUMBER: SC580475 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

J M Flooring Scotland Ltd

J M Flooring Scotland Ltd (Registered number: SC580475)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J M Flooring Scotland Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: J C Mowatt





REGISTERED OFFICE: Upper Floor
82 Muir Street
Hamilton
ML3 6BJ





REGISTERED NUMBER: SC580475 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

J M Flooring Scotland Ltd (Registered number: SC580475)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 73,902 63,820

CURRENT ASSETS
Debtors 5 87,143 175,145
Cash at bank 206,831 134,456
293,974 309,601
CREDITORS
Amounts falling due within one year 6 119,789 148,082
NET CURRENT ASSETS 174,185 161,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,087

225,339

CREDITORS
Amounts falling due after more than
one year

7

(29,815

)

(18,735

)

PROVISIONS FOR LIABILITIES (18,475 ) (15,955 )
NET ASSETS 199,797 190,649

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 199,697 190,549
199,797 190,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 M Flooring Scotland Ltd (Registered number: SC580475)

Balance Sheet - continued
30 November 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 director and authorised for issue on 19 March 2025 and were signed by:





J C Mowatt - Director


J M Flooring Scotland Ltd (Registered number: SC580475)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

J M Flooring Scotland 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.

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 etc - 25% on reducing balance, 20% on cost and 20% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

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.


J M Flooring Scotland Ltd (Registered number: SC580475)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 127,633
Additions 34,332
At 30 November 2024 161,965
DEPRECIATION
At 1 December 2023 63,813
Charge for year 24,250
At 30 November 2024 88,063
NET BOOK VALUE
At 30 November 2024 73,902
At 30 November 2023 63,820

J M Flooring Scotland Ltd (Registered number: SC580475)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. DEBTORS
30.11.24 30.11.23
£    £   
Amounts falling due within one year:
Trade debtors 64,052 150,398
Other debtors - 1,884
Prepayments 556 328
64,608 152,610

Amounts falling due after more than one year:
Other debtors 22,535 22,535

Aggregate amounts 87,143 175,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,101 3,527
Trade creditors 21,361 39,791
Tax 32,461 41,938
Social security and other taxes 5,855 6,003
VAT 31,246 25,805
Pensions payable 2,002 1,976
Directors' current accounts 3,001 13,554
Accrued expenses 5,762 5,488
119,789 148,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 7,500 10,000
Bank loans - 2-5 years - 7,500
Hire purchase contracts 22,315 1,235
29,815 18,735