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REGISTERED NUMBER: SC638609 (Scotland)










Financial Statements

For The Year Ended 31 December 2024

for

M & J Joiners Ltd

M & J Joiners Ltd (Registered number: SC638609)

Contents of the Financial Statements
For The Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & J Joiners Ltd

Company Information
For The Year Ended 31 December 2024







DIRECTORS: G J McDonald
G Jones





REGISTERED OFFICE: 91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD





REGISTERED NUMBER: SC638609 (Scotland)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

M & J Joiners Ltd (Registered number: SC638609)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 47,363 44,094

CURRENT ASSETS
Debtors 5 141,348 24,535
Cash at bank 185,372 286,577
326,720 311,112
CREDITORS
Amounts falling due within one year 6 98,671 61,052
NET CURRENT ASSETS 228,049 250,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,412

294,154

CREDITORS
Amounts falling due after more than one
year

7

(100,571

)

(122,487

)

PROVISIONS FOR LIABILITIES (10,880 ) (8,378 )
NET ASSETS 163,961 163,289

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 163,861 163,189
163,961 163,289

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

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

M & J Joiners Ltd (Registered number: SC638609)

Balance Sheet - continued
31 December 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 2 June 2025 and were signed on its behalf by:




G J McDonald - Director



G Jones - Director


M & J Joiners Ltd (Registered number: SC638609)

Notes to the Financial Statements
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

M & J Joiners Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

M & J Joiners Ltd (Registered number: SC638609)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 61,713
Additions 32,641
Disposals (28,995 )
At 31 December 2024 65,359
DEPRECIATION
At 1 January 2024 17,619
Charge for year 7,626
Eliminated on disposal (7,249 )
At 31 December 2024 17,996
NET BOOK VALUE
At 31 December 2024 47,363
At 31 December 2023 44,094

M & J Joiners Ltd (Registered number: SC638609)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 55,990
Additions 32,641
Disposals (28,995 )
At 31 December 2024 59,636
DEPRECIATION
At 1 January 2024 13,998
Charge for year 7,101
Eliminated on disposal (7,249 )
At 31 December 2024 13,850
NET BOOK VALUE
At 31 December 2024 45,786
At 31 December 2023 41,992

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 141,348 24,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,005 25,000
Hire purchase contracts 11,476 10,824
Trade creditors 17,045 -
Taxation and social security 41,832 22,912
Other creditors 3,313 2,316
98,671 61,052

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 65,803 88,679
Hire purchase contracts 34,768 33,808
100,571 122,487

M & J Joiners Ltd (Registered number: SC638609)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 yr by instal 7,659 12,659

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 90,803 113,679
Hire purchase contracts 46,244 44,632
137,047 158,311

The Bounce back loan is supported by a 100% guarantee from the UK Government.

Hire purchase creditors are secured on the assets concerned.