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REGISTERED NUMBER: SC511539 (Scotland)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Lee Johnstone Roofing & Plastering
Limited

Lee Johnstone Roofing & Plastering
Limited (Registered number: SC511539)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lee Johnstone Roofing & Plastering
Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: L Johnstone





REGISTERED OFFICE: 28 Rodger Street
Anstruther
Fife
KY10 3DU





REGISTERED NUMBER: SC511539 (Scotland)





ACCOUNTANTS: Henderson Black & Co
Chartered Accountants
28 Rodger Street
Anstruther
Fife
KY10 3DU

Lee Johnstone Roofing & Plastering
Limited (Registered number: SC511539)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,168 196,164
Investment property 5 229,976 229,976
445,144 426,140

CURRENT ASSETS
Stocks 3,125 12,250
Debtors 6 7,999 12,342
Cash at bank 142,340 64,059
153,464 88,651
CREDITORS
Amounts falling due within one year 7 296,258 272,366
NET CURRENT LIABILITIES (142,794 ) (183,715 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,350

242,425

PROVISIONS FOR LIABILITIES 25,048 19,658
NET ASSETS 277,302 222,767

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 277,202 222,667
277,302 222,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Lee Johnstone Roofing & Plastering
Limited (Registered number: SC511539)

Balance Sheet - continued
31 March 2025


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 director and authorised for issue on 25 August 2025 and were signed by:





L Johnstone - Director


Lee Johnstone Roofing & Plastering
Limited (Registered number: SC511539)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Lee Johnstone Roofing & Plastering 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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily available from other sources. The estimates and associated assumptions are based on historical experience and other factors that are to be relevant. Actual results may differ from these estimates. In preparing these financial statements, the director has made the following judgements:

Accruals
The director estimates the requirements for accruals using post year end information. This identifies costs that are expected to be incurred for services provided by other parties. Accruals are only released when there is a reasonable expectation that these costs will not be invoiced in the future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Property - 2% on cost, straight line
Plant and machinery - 10% on cost, straight line
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost, straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Lee Johnstone Roofing & Plastering
Limited (Registered number: SC511539)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Lee Johnstone Roofing & Plastering
Limited (Registered number: SC511539)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities where payment is due within one year or less, recognised at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 127,751 52,270 89,295 2,054 271,370
Additions - 39,289 - - 39,289
Disposals - (7,991 ) - (971 ) (8,962 )
At 31 March 2025 127,751 83,568 89,295 1,083 301,697
DEPRECIATION
At 1 April 2024 10,220 20,503 42,431 2,052 75,206
Charge for year 2,555 8,357 9,373 - 20,285
Eliminated on disposal - (7,991 ) - (971 ) (8,962 )
At 31 March 2025 12,775 20,869 51,804 1,081 86,529
NET BOOK VALUE
At 31 March 2025 114,976 62,699 37,491 2 215,168
At 31 March 2024 117,531 31,767 46,864 2 196,164

Lee Johnstone Roofing & Plastering
Limited (Registered number: SC511539)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 229,976
NET BOOK VALUE
At 31 March 2025 229,976
At 31 March 2024 229,976

The above values are based on the acquisition cost of the investment properties which is considered to equate to current valuation and fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 4,814 9,822
Other debtors 3,185 2,520
7,999 12,342

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 9,744 10,492
Taxation and social security 27,487 27,067
Other creditors 259,027 234,807
296,258 272,366