REGISTERED NUMBER: SC490105 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Louis Johnstone Timber Contractor

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L A Johnstone

REGISTERED OFFICE:

Glendale

SPEAN BRIDGE

Inverness-shire

PH34 4EP

REGISTERED NUMBER:

SC490105 (Scotland)

ACCOUNTANTS:

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

FIXED ASSETS

Tangible assets

4

45,955

135,025

CURRENT ASSETS

Debtors

30,357

43,266

Cash at bank

16,042

13,614

46,399

56,880

CREDITORS

Amounts falling due within one year

75,008

154,097

NET CURRENT LIABILITIES

(28,609

)

(97,217

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,346

37,808

CREDITORS

Amounts falling due after more than one year

4,167

50,808

NET ASSETS/(LIABILITIES)

13,179

(13,000

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

5

13,000

-

Retained earnings

79

(13,100

)

13,179

(13,000

)

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 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

L A Johnstone - Director

1.	STATUTORY INFORMATION

Louis Johnstone Timber Contractor 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on reducing balance and at varying rates on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 January 2024

377,983

Disposals

(314,643

)

At 31 December 2024

63,340

DEPRECIATION

At 1 January 2024

242,958

Charge for year

16,785

Eliminated on disposal

(229,358

)

Revaluation adjustments

(13,000

)

At 31 December 2024

17,385

NET BOOK VALUE

At 31 December 2024

45,955

At 31 December 2023

135,025

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 2024

13,000

Cost

50,340

63,340

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST OR VALUATION

At 1 January 2024

332,536

Disposals

(285,491

)

At 31 December 2024

47,045

DEPRECIATION

At 1 January 2024

214,598

Charge for year

15,880

Eliminated on disposal

(205,831

)

At 31 December 2024

24,647

NET BOOK VALUE

At 31 December 2024

22,398

At 31 December 2023

117,938

5.

RESERVES

Revaluatio

reserve

£

Revaluation

13,000

At 31 December 2024

13,000