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REGISTERED NUMBER: SC317025 (Scotland)











MARK ADDISON (JOINERS & BUILDERS)
LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024






MARK ADDISON (JOINERS & BUILDERS)
LIMITED (REGISTERED NUMBER: SC317025)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8

Accountants' Report 9

MARK ADDISON (JOINERS & BUILDERS)
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024







DIRECTOR: Mark Angelo Addison



SECRETARY: Clare Addison



REGISTERED OFFICE: 10 Langside Park
Kilbarchan
Renfrewshire
PA10 2EP



REGISTERED NUMBER: SC317025 (Scotland)



ACCOUNTANTS: Azets
Accountants
Titanium 1
King's Inch Place
Renfrew
PA4 8WF



BANKERS: Bank of Scotland
56 High Street
Johnstone
Renfrewshire
PA5 8AL

MARK ADDISON (JOINERS & BUILDERS)
LIMITED (REGISTERED NUMBER: SC317025)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 22,728
- 22,728

CURRENT ASSETS
Stocks 6 - 2,000
Debtors 7 5,259 8,086
Cash at bank 621 7,865
5,880 17,951
CREDITORS
Amounts falling due within one year 8 5,780 29,839
NET CURRENT ASSETS/(LIABILITIES) 100 (11,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

10,840

CREDITORS
Amounts falling due after more than one
year

9

-

(735

)

PROVISIONS FOR LIABILITIES 11 - (1,944 )
NET ASSETS 100 8,161

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - 8,061
SHAREHOLDERS' FUNDS 100 8,161

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

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

MARK ADDISON (JOINERS & BUILDERS)
LIMITED (REGISTERED NUMBER: SC317025)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2025 and were signed by:





Mark Angelo Addison - Director


MARK ADDISON (JOINERS & BUILDERS)
LIMITED (REGISTERED NUMBER: SC317025)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Mark Addison (Joiners & Builders) Limited is a private company, limited by shares, registered in Scotland. The Company’s registered number is SC317025 and registered office address is Abercorn House, 79 Renfrew Road, Paisley PA3 4DA.

The nature of the Company's operations and its principal activities are that of joiners and builders.

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.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In preparing these financial statements, the directors have made the following judgements:

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Assets are considered for indications of impairment. If required an impairment review will be carried out and a decision made on possible impairment. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Bad debts are provided for where objective evidence of the need for a provision exists.

Inventories are assessed for evidence of obsolescence and a provision is made against any inventory unlikely to be sold, or where stock is sold post year end at a loss.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Consideration is given to the point at which the Company is entitled to receive the income, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due;
• the costs incurred can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

MARK ADDISON (JOINERS & BUILDERS)
LIMITED (REGISTERED NUMBER: SC317025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

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.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Financial instruments
The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 ' Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactions 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.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its 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.

Leases
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the profit and loss account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

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 and other short-term liquid investments with original maturities of three months or less.

MARK ADDISON (JOINERS & BUILDERS)
LIMITED (REGISTERED NUMBER: SC317025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

Non-financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Financial assets
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal.

An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 30 November 2024 5,000
AMORTISATION
At 1 June 2023
and 30 November 2024 5,000
NET BOOK VALUE
At 30 November 2024 -
At 31 May 2023 -

MARK ADDISON (JOINERS & BUILDERS)
LIMITED (REGISTERED NUMBER: SC317025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023 3,938 24,258 28,196
Disposals (3,938 ) (24,258 ) (28,196 )
At 30 November 2024 - - -
DEPRECIATION
At 1 June 2023 3,078 2,390 5,468
Charge for period 135 2,425 2,560
Eliminated on disposal (3,213 ) (4,815 ) (8,028 )
At 30 November 2024 - - -
NET BOOK VALUE
At 30 November 2024 - - -
At 31 May 2023 860 21,868 22,728

The net book value of tangible fixed assets includes £NIL (2023 - £ 21,436 ) in respect of assets held under hire purchase contracts.

6. STOCKS
2024 2023
£    £   
Stocks - 2,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11 10
Director's current account 5,248 -
Corporation tax - 3,115
Prepayments and accrued income - 4,961
5,259 8,086

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 8,462
Trade creditors - 4,205
Corporation tax 1,926 -
Social security and other taxes (310 ) 535
Value added tax 1,620 5,728
Director's current account - 4,104
Accrued expenses 2,544 6,805
5,780 29,839

MARK ADDISON (JOINERS & BUILDERS)
LIMITED (REGISTERED NUMBER: SC317025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 NOVEMBER 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 735

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 9,197

Assets held under hire purchase agreements are secured over the asset to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 1,944

Deferred
tax
£   
Balance at 1 June 2023 1,944
Originating and reversal of (1,944 )
timing differences
Balance at 30 November 2024 -

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end there was balance due from the director of £5,248 (2023 - £3,626 due to director).

13. ULTIMATE CONTROLLING PARTY

There is no overall control as the director, Mark and his wife Clare Addison, each own 50% of the company's issued share capital.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MARK ADDISON (JOINERS & BUILDERS)
LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mark Addison (Joiners & Builders) Limited for the period ended 30 November 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mark Addison (Joiners & Builders) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mark Addison (Joiners & Builders) Limited and state those matters that we have agreed to state to the director of Mark Addison (Joiners & Builders) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mark Addison (Joiners & Builders) Limited and its director for our work or for this report.

It is your duty to ensure that Mark Addison (Joiners & Builders) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mark Addison (Joiners & Builders) Limited. You consider that Mark Addison (Joiners & Builders) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Mark Addison (Joiners & Builders) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Azets
Accountants
Titanium 1
King's Inch Place
Renfrew
PA4 8WF


20 August 2025