REGISTERED NUMBER: SC027898 (Scotland)

Financial Statements For The Year Ended 28 February 2025

for

J S Campbell & Son (Plumbers) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J S Campbell

J Campbell

REGISTERED OFFICE:

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

REGISTERED NUMBER:

SC027898 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

4

18,295

22,815

CURRENT ASSETS

Stocks

27,083

20,773

Debtors

5

78,702

90,442

Cash at bank and in hand

163,572

153,375

269,357

264,590

CREDITORS

Amounts falling due within one year

6

86,769

85,868

NET CURRENT ASSETS

182,588

178,722

TOTAL ASSETS LESS CURRENT LIABILITIES

200,883

201,537

PROVISIONS FOR LIABILITIES

3,476

4,335

NET ASSETS

197,407

197,202

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

196,407

196,202

SHAREHOLDERS' FUNDS

197,407

197,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

J S Campbell - Director

1.	STATUTORY INFORMATION

J S Campbell & Son (Plumbers) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets

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

Leasehold Property

-

10% on cost

Fixed plant and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixed plant

Leasehold

and

Motor

Office

Property

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

3,498

8,612

49,984

-

62,094

Additions

-

-

-

1,300

1,300

At 28 February 2025

3,498

8,612

49,984

1,300

63,394

DEPRECIATION

At 1 March 2024

3,498

6,794

28,987

-

39,279

Charge for year

-

273

5,249

298

5,820

At 28 February 2025

3,498

7,067

34,236

298

45,099

NET BOOK VALUE

At 28 February 2025

-

1,545

15,748

1,002

18,295

At 29 February 2024

-

1,818

20,997

-

22,815

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

77,802

90,442

Prepayments

900

-

78,702

90,442

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

33,147

28,848

Tax

1,295

3,972

Social security and other taxes

3,656

2,775

VAT

11,310

14,625

Directors' current accounts

30,233

31,894

Accrued expenses

7,128

3,754

86,769

85,868