1 September 2023 false No description of principal activity Taxfiler 2024.6 SC194539business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC1945392023-08-31 SC1945392023-09-012024-08-31 SC194539business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 SC194539business:FilletedAccounts2023-09-012024-08-31 SC1945392024-08-31 SC194539business:Director12023-09-012024-08-31 SC194539business:RegisteredOffice2023-09-012024-08-31 SC1945392023-08-31 SC194539core:WithinOneYear2024-08-31 SC194539core:WithinOneYear2023-08-31 SC194539core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC194539core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC194539core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC194539core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC194539core:PreviouslyStatedAmount2024-08-31 SC194539core:PreviouslyStatedAmount2023-08-31 SC194539business:SmallEntities2023-09-012024-08-31 SC194539countries:Scotland2023-09-012024-08-31 SC194539core:LandBuildings2023-09-012024-08-31 SC194539core:PlantMachinery2023-09-012024-08-31 SC194539core:MotorVehicles2023-09-012024-08-31 SC194539core:FurnitureFittings2023-09-012024-08-31 SC194539core:OtherPropertyPlantEquipment2023-09-012024-08-31 SC194539core:LandBuildings2023-08-31 SC194539core:PlantMachinery2023-08-31 SC194539core:MotorVehicles2023-08-31 SC194539core:FurnitureFittings2023-08-31 SC194539core:ComputerEquipment2023-08-31 SC194539core:ComputerEquipment2023-09-012024-08-31 SC194539core:LandBuildings2024-08-31 SC194539core:PlantMachinery2024-08-31 SC194539core:MotorVehicles2024-08-31 SC194539core:FurnitureFittings2024-08-31 SC194539core:ComputerEquipment2024-08-31 SC194539business:Director112023-09-012024-08-31 SC194539business:Director112024-08-31 SC1945392022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC194539 (Scotland)
Jim McLean Decorators Limited Unaudited accounts for the year ended 31 August 2024
Jim McLean Decorators Limited Unaudited accounts Contents
Page
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Jim McLean Decorators Limited Company Information for the year ended 31 August 2024
Director
Mr James McLean
Company Number
SC194539 (Scotland)
Registered Office
Waterside Lodge Waterside Road Carmunnock G76 9AJ
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Jim McLean Decorators Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
64,890 
58,115 
Current assets
Inventories
1,907 
- 
Debtors
84,587 
115,666 
Cash at bank and in hand
1,646 
- 
88,140 
115,666 
Creditors: amounts falling due within one year
(146,260)
(159,230)
Net current liabilities
(58,120)
(43,564)
Net assets
6,770 
14,551 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,670 
14,451 
Shareholders' funds
6,770 
14,551 
For the year ending 31 August 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.
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 28 March 2025 and were signed on its behalf by
Mr James McLean Director Company Registration No. SC194539
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Jim McLean Decorators Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Jim McLean Decorators Limited is a private company, limited by shares, registered in Scotland, registration number SC194539. The registered office is Waterside Lodge, Waterside Road, Carmunnock, G76 9AJ.
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
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Other tangible fixed assets
15% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
16,135 
41,619 
17,701 
9,676 
27,485 
112,616 
Additions
- 
4,000 
1,600 
- 
12,480 
18,080 
At 31 August 2024
16,135 
45,619 
19,301 
9,676 
39,965 
130,696 
Depreciation
At 1 September 2023
6,780 
14,316 
9,757 
7,540 
16,108 
54,501 
Charge for the year
323 
4,696 
2,386 
321 
3,579 
11,305 
At 31 August 2024
7,103 
19,012 
12,143 
7,861 
19,687 
65,806 
Net book value
At 31 August 2024
9,032 
26,607 
7,158 
1,815 
20,278 
64,890 
At 31 August 2023
9,355 
27,303 
7,944 
2,136 
11,377 
58,115 
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Jim McLean Decorators Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,009 
6,785 
Trade debtors
73,012 
100,685 
Accrued income and prepayments
1,985 
1,985 
Other debtors
3,581 
6,211 
84,587 
115,666 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
101,437 
76,587 
Trade creditors
15,784 
13,373 
Taxes and social security
29,039 
20,423 
Loans from directors
- 
(78,494)
Accruals
- 
70,822 
Deferred income
- 
56,519 
146,260 
159,230 
7
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees 
Amount paid and liability incurred 
£ 
£ 
Mr James McLean
Personal Guarantee
- 
- 
- 
- 
Mr and Mrs J McLean have granted the company's bankers a personal guarantee of his property as at 31 August 2021
8
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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