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REGISTERED NUMBER: SC430947 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

J R ENERGY LIMITED

J R ENERGY LIMITED (REGISTERED NUMBER: SC430947)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

DRAFT



Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J R ENERGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DRAFT
DIRECTOR: J Raeside





SECRETARY: Mrs M Raeside





REGISTERED OFFICE: Linnead Farm
Uplawmoor
Renfrewshire
G78 4BX





REGISTERED NUMBER: SC430947 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG

J R ENERGY LIMITED (REGISTERED NUMBER: SC430947)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
DRAFT
FIXED ASSETS
Tangible assets 4 178,541 198,379

CURRENT ASSETS
Debtors 5 27,369 27,039
Cash at bank 14,700 42,403
42,069 69,442
CREDITORS
Amounts falling due within one year 6 80,334 79,959
NET CURRENT LIABILITIES (38,265 ) (10,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,276

187,862

PROVISIONS FOR LIABILITIES 7 74 1,683
NET ASSETS 140,202 186,179

CAPITAL AND RESERVES
Called up share capital 8 1,020 1,020
Retained earnings 9 139,182 185,159
SHAREHOLDERS' FUNDS 140,202 186,179

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

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

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 12 May 2025 and were signed by:




J Raeside - Director


J R ENERGY LIMITED (REGISTERED NUMBER: SC430947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
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1. STATUTORY INFORMATION

J R Energy 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.
Plant and machinery etc - 5% on 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.

3. EMPLOYEES AND DIRECTORS

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

J R ENERGY LIMITED (REGISTERED NUMBER: SC430947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
DRAFT

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2023
and 31 August 2024 396,759
DEPRECIATION
At 1 September 2023 198,380
Charge for year 19,838
At 31 August 2024 218,218
NET BOOK VALUE
At 31 August 2024 178,541
At 31 August 2023 198,379

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,464 27,039
Tax 8,869 -
VAT 7,036 -
27,369 27,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors loan - John 50,926 37,997
Directors loan - Marion 17,490 15,490
Trade creditors 11,918 11,559
Tax - 13,073
VAT - 1,840
80,334 79,959

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 74 1,683

Deferred
tax
£   
Balance at 1 September 2023 1,683
Provided during year (1,609 )
Balance at 31 August 2024 74

J R ENERGY LIMITED (REGISTERED NUMBER: SC430947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
DRAFT

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
20 Ordinary A £1 20 20
1,020 1,020

9. RESERVES
Retained
earnings
£   

At 1 September 2023 185,159
Deficit for the year (41,977 )
Dividends (4,000 )
At 31 August 2024 139,182

10. RELATED PARTY DISCLOSURES

During the year the Company operated a current account with Director Mr J Raeside. The amount of credit at the year end was £68,415 (2023 £53,487)