J Mann Construction Ltd

(Registration number: SC787527)
Balance Sheet as at 30 September 2024

	Note	2024 £
Fixed assets
Tangible assets	5	32,000
Current assets
Debtors	6	12,533
Cash at bank and in hand		8,007
		20,540
Creditors: Amounts falling due within one year	7	(52,699)
Net current liabilities		(32,159)
Total assets less current liabilities		(159)
Creditors: Amounts falling due after more than one year	7	(6,677)
Net liabilities		(6,836)
Capital and reserves
Called up share capital	8	100
Retained earnings		(6,936)
Shareholders' deficit		(6,836)

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:
 

......................................... James William Mann Director

J Mann Construction Ltd

Notes to the Financial Statements for the Period from 1 November 2023 to 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
25 Bridgeway Road
Kirkintilloch
Glasgow
G66 3HZ

These financial statements were authorised for issue by the Board on 20 June 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings, equipment	20-50% p.a reducing balance basis
Commercial motor vehicles	based on estimated year-end market value

J Mann Construction Ltd

Notes to the Financial Statements for the Period from 1 November 2023 to 30 September 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

J Mann Construction Ltd

Notes to the Financial Statements for the Period from 1 November 2023 to 30 September 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2024 £
Depreciation expense	12,609

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
Additions	23,459	21,150	44,609
At 30 September 2024	23,459	21,150	44,609
Depreciation
Charge for the period	7,459	5,150	12,609
At 30 September 2024	7,459	5,150	12,609
Carrying amount
At 30 September 2024	16,000	16,000	32,000

6

Debtors

Current	2024 £
Trade debtors	10,230
Other debtors	2,303
	12,533

J Mann Construction Ltd

Notes to the Financial Statements for the Period from 1 November 2023 to 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £
Due within one year
Loans and borrowings	9	11,155
Trade creditors		5,980
Taxation and social security		32,728
Accruals and deferred income		2,500
Other creditors		336
		52,699

Creditors: amounts falling due after more than one year

	Note	2024 £
Due after one year
Loans and borrowings	9	6,677

8	Share capital

Allotted, called up and fully paid shares

	2024
	No.	£
Ordinary shares of £1 each	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2024 £
Hire purchase contracts	6,677

Current loans and borrowings

	2024 £
Bank borrowings	(171)
Hire purchase contracts	4,467
Director current account	6,859
	11,155