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
Jim McLean Decorators Limited
Company Information
for the year ended 31 August 2024
Company Number
SC194539 (Scotland)
Registered Office
Waterside Lodge
Waterside Road
Carmunnock
G76 9AJ
Jim McLean Decorators Limited
Statement of financial position
as at 31 August 2024
Tangible assets
64,890
58,115
Cash at bank and in hand
1,646
-
Creditors: amounts falling due within one year
(146,260)
(159,230)
Net current liabilities
(58,120)
(43,564)
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
Jim McLean Decorators Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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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
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
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
Jim McLean Decorators Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
73,012
100,685
Accrued income and prepayments
1,985
1,985
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)
7
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees
Amount paid and liability incurred
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).