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REGISTERED NUMBER: SC236741 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JOHN WHITEFORD GARAGES LIMITED

JOHN WHITEFORD GARAGES LIMITED (REGISTERED NUMBER: SC236741)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN WHITEFORD GARAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: John Whiteford Jnr
Angela Joanna Whiteford



SECRETARY: Angela Joanna Whiteford



REGISTERED OFFICE: Nether Carswell Farm
Neilston
Glasgow
G78 3DQ



REGISTERED NUMBER: SC236741 (Scotland)



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



BANKERS: Bank of Scotland
30 - 34 King Street
Kilmarnock
Ayrshire
KA1 1NP

JOHN WHITEFORD GARAGES LIMITED (REGISTERED NUMBER: SC236741)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 22,151 26,815

CURRENT ASSETS
Stocks 125 125
Debtors 5 80,229 82,429
Investments 6 100,000 100,000
Cash at bank 77,008 66,464
257,362 249,018
CREDITORS
Amounts falling due within one year 7 39,723 37,356
NET CURRENT ASSETS 217,639 211,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,790

238,477

PROVISIONS FOR LIABILITIES 3,730 4,430
NET ASSETS 236,060 234,047

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 235,060 233,047
SHAREHOLDERS' FUNDS 236,060 234,047

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 WHITEFORD GARAGES LIMITED (REGISTERED NUMBER: SC236741)

BALANCE SHEET - continued
31 MAY 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 22 May 2025 and were signed on its behalf by:





John Whiteford Jnr - Director


JOHN WHITEFORD GARAGES LIMITED (REGISTERED NUMBER: SC236741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

John Whiteford Garages 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 represents the invoiced amount of goods and services provided to customers, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

No depreciation has been provided by the directors on the cost of land within freehold property.

Stocks
Stock and work in progress is valued at the lower of cost and net realisable value.

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.

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.

Investments
Fixed and current asset investments are valued at market value. For listed investments, market value is based on the closing mid-market price on a recognised stock exchange.

JOHN WHITEFORD GARAGES LIMITED (REGISTERED NUMBER: SC236741)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 3,500 127,740 131,240
DEPRECIATION
At 1 June 2023 - 104,425 104,425
Charge for year - 4,664 4,664
At 31 May 2024 - 109,089 109,089
NET BOOK VALUE
At 31 May 2024 3,500 18,651 22,151
At 31 May 2023 3,500 23,315 26,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation Tax recoverable - 1,932
Loan - Victoria Whiteford 80,000 80,000
Prepayments and accrued income 229 166
Value Added Tax recoverable - 331
80,229 82,429

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 100,000 100,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 132
Taxation and social security 1,636 -
Other creditors 38,087 37,224
39,723 37,356

JOHN WHITEFORD GARAGES LIMITED (REGISTERED NUMBER: SC236741)

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

8. CALLED UP SHARE CAPITAL

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

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors.

Mr J and Mrs A J Whiteford exercise immediate and ultimate control of the company as they each hold 50% of the issued ordinary share capital.