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REGISTERED NUMBER: SC485942 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

Neil Young Joinery and Building Limited

Neil Young Joinery and Building Limited (Registered number: SC485942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Neil Young Joinery and Building Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr N Young
Mrs S J Young





SECRETARY:





REGISTERED OFFICE: Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA





REGISTERED NUMBER: SC485942 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Neil Young Joinery and Building Limited (Registered number: SC485942)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 41,388 47,145

CURRENT ASSETS
Stocks 323,645 228,316
Debtors 5 223,893 160,710
Cash at bank 105,953 324,227
653,491 713,253
CREDITORS
Amounts falling due within one year 6 58,933 96,399
NET CURRENT ASSETS 594,558 616,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,946

663,999

PROVISIONS FOR LIABILITIES 2,989 1,625
NET ASSETS 632,957 662,374

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 632,857 662,274
SHAREHOLDERS' FUNDS 632,957 662,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Neil Young Joinery and Building Limited (Registered number: SC485942)

BALANCE SHEET - continued
30 NOVEMBER 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 26 March 2025 and were signed on its behalf by:




Mr N Young - Director



Mrs S J Young - Director


Neil Young Joinery and Building Limited (Registered number: SC485942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Neil Young Joinery and Building 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 amounts invoiced during the year net, exclusive 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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 6 (2023 - 6 ) .

Neil Young Joinery and Building Limited (Registered number: SC485942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 25,000 101,050 77,199 874 204,123
Additions - 2,650 - - 2,650
At 30 November 2024 25,000 103,700 77,199 874 206,773
DEPRECIATION
At 1 December 2023 - 95,376 60,906 696 156,978
Charge for year - 1,460 6,770 177 8,407
At 30 November 2024 - 96,836 67,676 873 165,385
NET BOOK VALUE
At 30 November 2024 25,000 6,864 9,523 1 41,388
At 30 November 2023 25,000 5,674 16,293 178 47,145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,168 96,453
Other debtors 187,394 61,370
VAT 31,138 -
Prepayments and accrued income 2,193 2,887
223,893 160,710

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,809 13,427
Tax 27,539 41,935
Social security and other taxes 375 2,425
Pensions 109 302
VAT - 19,692
Directors' loan accounts 401 1,918
Accrued expenses 11,700 16,700
58,933 96,399

Neil Young Joinery and Building Limited (Registered number: SC485942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr N Young and Mrs S J Young
Balance outstanding at start of year (1,918 ) (2,778 )
Amounts advanced 1,517 65,860
Amounts repaid - (65,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (401 ) (1,918 )