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REGISTERED NUMBER: SC439084 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

J ADIE HEATING AND PLUMBING LIMITED

J ADIE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: SC439084)






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


J ADIE HEATING AND PLUMBING LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTOR: J Adie





REGISTERED OFFICE: The Farmhouse
No. 8 Blairfordel Steadings
Blairfordel
Kelty
Fife
KY4 0HP





REGISTERED NUMBER: SC439084 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

J ADIE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: SC439084)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,985 9,844

CURRENT ASSETS
Debtors 5 43,184 29,685
Cash at bank 10,722 14,127
53,906 43,812
CREDITORS
Amounts falling due within one year 6 42,461 46,101
NET CURRENT ASSETS/(LIABILITIES) 11,445 (2,289 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,430

7,555

CREDITORS
Amounts falling due after more than one
year

7

(16,139

)

(3,975

)

PROVISIONS FOR LIABILITIES 8 (4,177 ) (1,870 )
NET ASSETS 13,114 1,710

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,014 1,610
SHAREHOLDERS' FUNDS 13,114 1,710

J ADIE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: SC439084)

BALANCE SHEET - continued
31 December 2024


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 director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 June 2025 and were signed by:





J Adie - Director


J ADIE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: SC439084)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

J Adie Heating and Plumbing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 amounts, excluding value added tax derived from the provision of plumbing and heating services.

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% per annum on cost
Motor vehicles - 25% per annum reducing balance
Computer equipment - 25% per annum on cost

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

J ADIE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: SC439084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date. Other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

J ADIE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: SC439084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 3,733 22,846 2,302 28,881
Additions 434 22,614 - 23,048
Disposals - (21,911 ) - (21,911 )
At 31 December 2024 4,167 23,549 2,302 30,018
DEPRECIATION
At 1 January 2024 3,226 13,509 2,302 19,037
Charge for year 219 3,370 - 3,589
Eliminated on disposal - (14,593 ) - (14,593 )
At 31 December 2024 3,445 2,286 2,302 8,033
NET BOOK VALUE
At 31 December 2024 722 21,263 - 21,985
At 31 December 2023 507 9,337 - 9,844

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 21,911
Additions 22,614
Disposals (21,911 )
At 31 December 2024 22,614
DEPRECIATION
At 1 January 2024 12,667
Charge for year 3,347
Eliminated on disposal (14,593 )
At 31 December 2024 1,421
NET BOOK VALUE
At 31 December 2024 21,193
At 31 December 2023 9,244

J ADIE HEATING AND PLUMBING LIMITED (REGISTERED NUMBER: SC439084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,968 -
Other debtors 41,216 29,685
43,184 29,685

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,497 4,032
Trade creditors 309 1,077
Taxation and social security 628 4,070
Other creditors and accruals 37,027 36,922
42,461 46,101

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 16,139 3,975

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,177 1,870

Deferred
tax
£   
Balance at 1 January 2024 1,870
Provided during year 2,307
Accelerated capital allowances
Balance at 31 December 2024 4,177

9. RELATED PARTY DISCLOSURES

Included in 'Other creditors' is an amount of £33,876 (2023 - £33,723) due from the company to the director. This loan is interest free and repayable on demand.