1 January 2024 false No description of principal activity Taxfiler 2024.6 SC277367business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC2773672023-12-31 SC2773672024-01-012024-12-31 SC277367business:AuditExemptWithAccountantsReport2024-01-012024-12-31 SC277367business:AbridgedAccounts2024-01-012024-12-31 SC2773672024-12-31 SC277367business:Director12024-01-012024-12-31 SC277367business:RegisteredOffice2024-01-012024-12-31 SC2773672023-12-31 SC277367core:WithinOneYear2024-12-31 SC277367core:WithinOneYear2023-12-31 SC277367core:AfterOneYear2024-12-31 SC277367core:AfterOneYear2023-12-31 SC277367core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC277367core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC277367core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC277367core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC277367core:PreviouslyStatedAmount2024-12-31 SC277367core:PreviouslyStatedAmount2023-12-31 SC277367business:SmallEntities2024-01-012024-12-31 SC277367countries:Scotland2024-01-012024-12-31 SC277367core:LandBuildings2024-01-012024-12-31 SC277367core:PlantMachinery2024-01-012024-12-31 SC277367core:MotorVehicles2024-01-012024-12-31 SC277367core:FurnitureFittings2024-01-012024-12-31 SC2773672023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC277367 (Scotland)
John MacLeod & Son (Plumbing & Heating) Limited Unaudited accounts for the year ended 31 December 2024
John MacLeod & Son (Plumbing & Heating) Limited Unaudited accounts Contents
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John MacLeod & Son (Plumbing & Heating) Limited Company Information for the year ended 31 December 2024
Director
Jonathan MacLeod
Company Number
SC277367 (Scotland)
Registered Office
25 Broadstone Park Inverness IV2 3JZ
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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John MacLeod & Son (Plumbing & Heating) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1,600 
Tangible assets
7,957 
10,401 
7,957 
12,001 
Current assets
Inventories
3,132 
3,000 
Debtors
2,826 
3,200 
Cash at bank and in hand
25,187 
17,698 
31,145 
23,898 
Creditors: amounts falling due within one year
(31,154)
(22,694)
Net current (liabilities)/assets
(9)
1,204 
Total assets less current liabilities
7,948 
13,205 
Creditors: amounts falling due after more than one year
(3,325)
(9,542)
Provisions for liabilities
Deferred tax
(1,512)
(1,976)
Net assets
3,111 
1,687 
Capital and reserves
Called up share capital
110 
110 
Profit and loss account
3,001 
1,577 
Shareholders' funds
3,111 
1,687 
For the year ending 31 December 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 director acknowledges his 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 the year in accordance with Section 444(2A).
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 and authorised for issue on 24 April 2025 and were signed on its behalf by
Jonathan MacLeod Director Company Registration No. SC277367
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John MacLeod & Son (Plumbing & Heating) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
John MacLeod & Son (Plumbing & Heating) Limited is a private company, limited by shares, registered in Scotland, registration number SC277367. The registered office is 25 Broadstone Park, Inverness, IV2 3JZ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
10% straight line
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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John MacLeod & Son (Plumbing & Heating) Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 January 2024
32,000 
At 31 December 2024
32,000 
Amortisation
At 1 January 2024
30,400 
Charge for the year
1,600 
At 31 December 2024
32,000 
Net book value
At 31 December 2024
- 
At 31 December 2023
1,600 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2024
35,024 
At 31 December 2024
35,024 
Depreciation
At 1 January 2024
24,623 
Charge for the year
2,444 
At 31 December 2024
27,067 
Net book value
At 31 December 2024
7,957 
At 31 December 2023
10,401 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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