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COMPANY REGISTRATION NUMBER: SC189636
John Stephen Associates Limited
Unaudited Financial Statements
31 December 2024
John Stephen Associates Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Director's report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
John Stephen Associates Limited
Director's Report
Year ended 31 December 2024
The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2024 .
Director
The director who served the company during the year was as follows:
Mr J Stephen
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 4 July 2025 and signed on behalf of the board by:
Mr J Stephen
Director
Registered office:
298 Clifton Road
Aberdeen
AB24 4HP
John Stephen Associates Limited
Statement of Income and Retained Earnings
Year ended 31 December 2024
2024
2023
Note
£
£
Turnover
40,200
131,720
Cost of sales
( 1,576)
( 769)
--------
---------
Gross profit
41,776
132,489
Administrative expenses
65,334
107,573
--------
---------
Operating (loss)/profit
( 23,558)
24,916
Other interest receivable and similar income
5
268
345
--------
---------
(Loss)/profit before taxation
( 23,290)
25,261
Tax on (loss)/profit
268
5,575
--------
--------
(Loss)/profit for the financial year and total comprehensive income
( 23,558)
19,686
--------
--------
Dividends paid and payable
( 10,000)
Retained earnings at the start of the year
31,422
21,736
--------
--------
Retained earnings at the end of the year
7,864
31,422
--------
--------
All the activities of the company are from continuing operations.
John Stephen Associates Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Current assets
Debtors
6
20,400
Cash at bank and in hand
9,330
20,469
-------
--------
9,330
40,869
Creditors: amounts falling due within one year
7
1,463
9,444
-------
--------
Net current assets
7,867
31,425
-------
--------
Total assets less current liabilities
7,867
31,425
-------
--------
Net assets
7,867
31,425
-------
--------
Capital and reserves
Called up share capital
3
3
Profit and loss account
7,864
31,422
-------
--------
Shareholders funds
7,867
31,425
-------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 4 July 2025 , and are signed on behalf of the board by:
Mr J Stephen
Director
Company registration number: SC189636
John Stephen Associates Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 298 Clifton Road, Aberdeen, AB24 4HP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Other interest receivable and similar income
2024
2023
£
£
Interest on cash and cash equivalents
268
345
----
----
6. Debtors
2024
2023
£
£
Other debtors
20,400
----
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,113
5,750
Social security and other taxes
3,344
Other creditors
350
350
-------
-------
1,463
9,444
-------
-------
8. Related party transactions
The company was under the control of Mr J Stephen throughout the current and previous year. Mr J Stephen is the managing director and majority shareholder.