J M McNeish Ceramic Tile Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC413065

J M McNeish Ceramic Tile Services Limited

Filleted Unaudited Abridged Financial Statements

For the year ended

31 January 2025

J M McNeish Ceramic Tile Services Limited

Abridged Financial Statements

Year ended 31 January 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

J M McNeish Ceramic Tile Services Limited

Abridged Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		3,776	4,825

Current assets

Stocks	150	150
Debtors	7,132	6,352
	-------	-------
	7,282	6,502

Creditors: amounts falling due within one year	48,290		34,306
	--------		--------
Net current liabilities		41,008	27,804
		--------	--------
Total assets less current liabilities		( 37,232)	( 22,979)

Creditors: amounts falling due after more than one year	1,056	2,060
	--------	--------
Net liabilities	( 38,288)	( 25,039)
	--------	--------

J M McNeish Ceramic Tile Services Limited

Abridged Statement of Financial Position (continued)

31 January 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 38,388)	( 25,139)
	--------	--------
Shareholders deficit	( 38,288)	( 25,039)
	--------	--------

These abridged 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 abridged statement of income and retained earnings has not been delivered.

For the year ending 31 January 2025 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 abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 31 August 2025 , and are signed on behalf of the board by:

Mr J McNeish
Director

Company registration number: SC413065

J M McNeish Ceramic Tile Services Limited

Notes to the Abridged Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 20 The Crescent, Lesmahagow, Lanarkshire, ML11 ODP, Scotland.

2. Statement of compliance

These abridged 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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is reliant of the continuing support of the director to be able to meet its financial responsibilities. The director has intimated that this support will continue for the next twelve months and as a result, the accounts have been prepared on the going concern basis.

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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

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

Tangible assets

Tangible assets are initially recorded at cost, and 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:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor Vehicles	-	25% reducing balance

Impairment of fixed assets

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 stock to its present location and condition.

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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Intangible assets

	£
Cost
At 1 February 2024 and 31 January 2025	30,000
	--------
Amortisation
At 1 February 2024 and 31 January 2025	30,000
	--------
Carrying amount
At 31 January 2025	–
	--------
At 31 January 2024	–
	--------

Goodwill was purchased from the business of J M McNeish on incorporation of that business. Goodwill will be amortised over ten years commencing 2013.

6. Tangible assets

	£
Cost
At 1 February 2024	7,093
Additions	123
	-------
At 31 January 2025	7,216
	-------
Depreciation
At 1 February 2024	2,268
Charge for the year	1,172
	-------
At 31 January 2025	3,440
	-------
Carrying amount
At 31 January 2025	3,776
	-------
At 31 January 2024	4,825
	-------

7. Director's advances, credits and guarantees

The director's loan account was not in debit at any time during the year.