REGISTERED NUMBER: SC352132 (Scotland)

Financial Statements for the Year Ended 31 December 2024

for

J M Taylor Accountants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms G D Crighton

R C Chalmers

A Benson

REGISTERED OFFICE:

Citygate

Blackburn Business Park

Blackburn

Aberdeen

AB21 0PS

REGISTERED NUMBER:

SC352132 (Scotland)

FIXED ASSETS

Intangible assets

4

30,937

-

Tangible assets

5

11,721

6,427

Investments

6

-

1,130,478

42,658

1,136,905

CURRENT ASSETS

Debtors

7

856,944

1,119,144

Cash at bank and in hand

1,142,109

1,069,842

1,999,053

2,188,986

CREDITORS

Amounts falling due within one year

8

145,747

462,453

NET CURRENT ASSETS

1,853,306

1,726,533

TOTAL ASSETS LESS CURRENT LIABILITIES

1,895,964

2,863,438

PROVISIONS FOR LIABILITIES

2,815

1,466

NET ASSETS

1,893,149

2,861,972

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

1,893,146

2,861,969

SHAREHOLDERS' FUNDS

1,893,149

2,861,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

R C Chalmers - Director

1.	STATUTORY INFORMATION

J M Taylor Accountants 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.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairments at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

500,000

Additions

31,200

At 31 December 2024

531,200

AMORTISATION

At 1 January 2024

500,000

Charge for year

263

At 31 December 2024

500,263

NET BOOK VALUE

At 31 December 2024

30,937

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

113,341

Additions

8,774

At 31 December 2024

122,115

DEPRECIATION

At 1 January 2024

106,914

Charge for year

3,480

At 31 December 2024

110,394

NET BOOK VALUE

At 31 December 2024

11,721

At 31 December 2023

6,427

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

1,130,478

Impairments

(1,130,478

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1,130,478

The value of the the investments in Michael Robb (Accountancy & Taxation Services) Limited & Jamiesons Book-keeping & Accountancy Limited have been impaired to nil due to the fact the company's have stopped trading and we will apply to have them dissolved at Companies House.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

393,527

457,873

Other debtors

463,417

661,271

856,944

1,119,144

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

3,843

93,981

Taxation and social security

126,298

123,997

Other creditors

15,606

244,475

145,747

462,453

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is not known.