J & S Industrial Coatings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC116972 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

J & S INDUSTRIAL COATINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J C Johnston

REGISTERED OFFICE:

Unit 9, Old Millpark Industrial Estate

Glasgow Road

Kirkintilloch

Glasgow

G66 1SH

REGISTERED NUMBER:

SC116972 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

16,329

14,492

CURRENT ASSETS

Stocks

17,983

21,413

Debtors

5

30,815

40,769

Cash at bank and in hand

76,552

118,110

125,350

180,292

CREDITORS

Amounts falling due within one year

6

15,275

33,401

NET CURRENT ASSETS

110,075

146,891

TOTAL ASSETS LESS CURRENT
LIABILITIES

126,404

161,383

CREDITORS

Amounts falling due after more than one year

7

8,150

11,773

NET ASSETS

118,254

149,610

CAPITAL AND RESERVES

Called up share capital

15,000

Retained earnings

103,254

134,610

SHAREHOLDERS' FUNDS

118,254

149,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 10 December 2025 and were signed by:

J C Johnston - Director

1.	STATUTORY INFORMATION

J & S Industrial Coatings 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.

Tangible fixed assets

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

Freehold property

-

4% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer 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.

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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

55,495

59,434

17,075

1,652

133,656

Additions

-

8,000

-

8,000

Disposals

-

(17,075

)

-

(17,075

)

At 31 March 2025

55,495

59,434

8,000

1,652

124,581

DEPRECIATION

At 1 April 2024

55,495

45,677

16,354

1,638

119,164

Charge for year

-

3,439

2,000

3

5,442

Eliminated on disposal

-

(16,354

)

-

(16,354

)

At 31 March 2025

55,495

49,116

2,000

1,641

108,252

NET BOOK VALUE

At 31 March 2025

-

10,318

6,000

11

16,329

At 31 March 2024

-

13,757

721

14

14,492

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

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

18,250

DEPRECIATION

At 1 April 2024

4,563

Charge for year

3,421

At 31 March 2025

7,984

NET BOOK VALUE

At 31 March 2025

10,266

At 31 March 2024

13,687

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

24,859

34,778

Prepayments and accrued income

5,956

5,991

30,815

40,769

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts (see note 8)

3,622

Trade creditors

4,026

10,828

Tax

-

12,861

Social security and other taxes

1,283

1,234

VAT

5,644

4,156

Accrued expenses

700

15,275

33,401

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Hire purchase contracts (see note 8)

8,150

11,773

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

Gross obligations repayable:

Within one year

4,455

Between one and five years

10,024

14,479

18,934

Finance charges repayable:

Within one year

833

Between one and five years

1,874

2,706

2,707

3,539

Net obligations repayable:

Within one year

3,622

Between one and five years

8,150

11,773

11,772

15,395

Non-cancellable

operating leases

31.3.25

31.3.24

£

Within one year

4,509

Between one and five years

3,758

8,266

8,267

12,775