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REGISTERED NUMBER: SC285529 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 July 2024

for

JOHN BLACK & SON LIMITED

JOHN BLACK & SON LIMITED (REGISTERED NUMBER: SC285529)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN BLACK & SON LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J Black Jnr
Mrs F Murray





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC285529 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

JOHN BLACK & SON LIMITED (REGISTERED NUMBER: SC285529)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,027 16,415

CURRENT ASSETS
Stocks 131,960 131,960
Debtors 5 143,554 148,916
Cash at bank and in hand 799 1,193
276,313 282,069
CREDITORS
Amounts falling due within one year 6 (272,552 ) (254,625 )
NET CURRENT ASSETS 3,761 27,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,788

43,859

CREDITORS
Amounts falling due after more than one
year

7

(17,383

)

(41,629

)
NET ASSETS 405 2,230

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 403 2,228
SHAREHOLDERS' FUNDS 405 2,230

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

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

JOHN BLACK & SON LIMITED (REGISTERED NUMBER: SC285529)

Balance Sheet - continued
31 July 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 1 April 2025 and were signed on its behalf by:




Mrs F Murray - Director



J Black Jnr - Director


JOHN BLACK & SON LIMITED (REGISTERED NUMBER: SC285529)

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

1. STATUTORY INFORMATION

John Black & Son 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance and at directors' valuation

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

Stock consists of goods for resale.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

JOHN BLACK & SON LIMITED (REGISTERED NUMBER: SC285529)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and depreciated over their useful lives. Obligations under hire purchase contracts are included in creditors net of the finance charge allocated to future periods. Finance charges are charged to the profit and loss account on a straight line basis.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 1,275 28,510 34,970 64,755
Additions - 4,750 - 4,750
At 31 July 2024 1,275 33,260 34,970 69,505
DEPRECIATION
At 1 August 2023 956 21,726 25,658 48,340
Charge for year 319 4,490 2,329 7,138
At 31 July 2024 1,275 26,216 27,987 55,478
NET BOOK VALUE
At 31 July 2024 - 7,044 6,983 14,027
At 31 July 2023 319 6,784 9,312 16,415

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 138,590 144,400
Other debtors 4,964 4,516
143,554 148,916

JOHN BLACK & SON LIMITED (REGISTERED NUMBER: SC285529)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,927 60,215
Hire purchase contracts 3,748 7,073
Trade creditors 124,002 115,406
Tax 29,904 21,412
Social security and other taxes 13,231 4,614
VAT 11,235 15,321
Directors' current accounts 28,337 25,742
Accrued expenses 9,168 4,842
272,552 254,625

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 20,000
Other loans - 1-2 years 7,383 21,629
17,383 41,629

8. RELATED PARTY DISCLOSURES

The company was under the control of the directors and joint shareholders throughout the current period.

No transactions with related parties were carried out such as are required to be disclosed under FRS 8.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors.