John Dennis & Company (Scotland) Limited 31/12/2024 iXBRL

Company registration number: SC291724

John Dennis & Company (Scotland) Limited

Unaudited filleted financial statements

31 December 2024

John Dennis & Company (Scotland) Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

John Dennis & Company (Scotland) Limited

Directors and other information


	Directors	C S Cairney
		G Baillie
		J Grandison
		J M Lenaghen


	Secretary	G Baillie


	Company number	SC291724


	Registered office	68 Lothian Street
		Bonnyrigg
		Midlothian
		EH19 3AQ


	Business address	68 Lothian Street
		Bonnyrigg
		Midlothian
		EH19 3AQ


	Accountants	Barrie Scott & Co.
		16-18 Weir Street
		Falkirk
		FK1 1RA

John Dennis & Company (Scotland) Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of John Dennis & Company (Scotland) Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Dennis & Company (Scotland) Limited for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation -of-accounts-revised-june-2020.

This report is made solely to the board of directors of John Dennis & Company (Scotland) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of John Dennis & Company (Scotland) Limited and state those matters that we have agreed to state to the board of directors of John Dennis & Company (Scotland) Limited as a body, in this report in accordance with the requirements of ICAS as detailed at https://www.icas.com/regulation-technical-resources/ documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Dennis & Company (Scotland) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that John Dennis & Company (Scotland) 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 John Dennis & Company (Scotland) Limited. You consider that John Dennis & Company (Scotland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Dennis & Company (Scotland) 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.

Barrie Scott & Co.

Accountants & Tax Advisers

16-18 Weir Street

Falkirk

FK1 1RA

2 May 2025

John Dennis & Company (Scotland) Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	509,562		537,593
Investments	6	152,680		112,680
		_______		_______
			662,242		650,273

Current assets
Stocks		11,952		15,527
Debtors	7	1,696,569		901,595
Cash at bank and in hand		199,506		908,842
		_______		_______
		1,908,027		1,825,964
Creditors: amounts falling due
within one year	8	( 1,699,755)		( 1,357,751)
		_______		_______
Net current assets			208,272		468,213
			_______		_______
Total assets less current liabilities			870,514		1,118,486

Creditors: amounts falling due
after more than one year	9		( 40,834)		( 110,834)

Provisions for liabilities			( 28,580)		( 22,133)

			_______		_______
Net assets			801,100		985,519
			_______		_______

Capital and reserves
Called up share capital			100		100
Revaluation reserve			30,000		-
Profit and loss account			771,000		985,419
			_______		_______
Shareholders funds			801,100		985,519
			_______		_______

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.

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 18 April 2025 , and are signed on behalf of the board by:

C S Cairney

Director

Company registration number: SC291724

John Dennis & Company (Scotland) 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 68 Lothian Street, Bonnyrigg, Midlothian, EH19 3AQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for construction contracts and jobbing sales, net of discounts and Value Added Tax.Revenue from construction contracts is recognised by reference to the stage of completion of contract activity at the statement of financial position date.Revenue from jobbing sales is recognised at sales invoice date.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold and leasehold properties	-	2 %	straight line
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance
Computer equipment	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the year end.When it is probable that total contract costs will exceed total contract revenue, the expected loss is expenses immediately, with a corresponding provision for an onerous contract being recognised.Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue.The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 63 (2023: 62 ).

5. Tangible assets

	Freehold and leasehold properties	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 1 January 2024	654,401	88,753	37,392	208,804	17,937	1,007,287
Additions	-	-	-	11,500	891	12,391
	_______	_______	_______	_______	_______	_______
At 31 December 2024	654,401	88,753	37,392	220,304	18,828	1,019,678
	_______	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	209,408	88,135	25,624	129,938	16,589	469,694
Charge for the year	13,088	154	2,942	22,592	1,646	40,422
	_______	_______	_______	_______	_______	_______
At 31 December 2024	222,496	88,289	28,566	152,530	18,235	510,116
	_______	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	431,905	464	8,826	67,774	593	509,562
	_______	_______	_______	_______	_______	_______
At 31 December 2023	444,993	618	11,768	78,866	1,348	537,593
	_______	_______	_______	_______	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost or valuation
At 1 January 2024	-	-
Additions	112,680	112,680
Revaluations	40,000	40,000
	_______	_______
At 31 December 2024	152,680	152,680
	_______	_______
Impairment
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	152,680	152,680
	_______	_______
At 31 December 2023	-	-
	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	875,728	592,130
Other debtors	820,841	309,465
	_______	_______
	1,696,569	901,595
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	70,000	70,000
Trade creditors	1,342,429	941,041
Corporation tax	-	41,242
Social security and other taxes	257,204	267,487
Other creditors	30,122	37,981
	_______	_______
	1,699,755	1,357,751
	_______	_______

The Bank of Scotland hold a bond & floating charge over all the company assets and a standard security over the property at 68 Lothian Street, Bonnyrigg, Midlothian EH19 3AQ.

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	40,834	110,834
	_______	_______

The Bank of Scotland hold a bond & floating charge over all the company assets and a standard security over the property at 68 Lothian Street, Bonnyrigg, Midlothian EH19 3AQ.

10. Controlling party

C S Cairney owns 51% of the share capital and therefore controls the company.