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# J WALLACE & SONS LTD

## Company Registration Number:
SC653909 (Scotland)

## Unaudited statutory accounts for the year ended 28 February 2025

## Period of accounts

## Start date: 1 March 2024

## End date: 28 February 2025

# J WALLACE & SONS LTD

## Contents of the Financial Statements

for the Period Ended 28 February 2025

Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# J WALLACE & SONS LTD

## Profit And Loss Account

for the Period Ended 28 February 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 7,320 | 7,533
Cost of sales: | ( 4,881 ) | ( 4,805 )
Gross profit(or loss): | 2,439 | 2,728
Operating profit(or loss): | 2,439 | 2,728
Profit(or loss) before tax: | 2,439 | 2,728
Tax: | ( 463 ) | ( 518 )
Profit(or loss) for the financial year: | 1,976 | 2,210

# J WALLACE & SONS LTD

## Balance sheet

As at 28 February 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 2 | 2
Fixed assets
Tangible assets: | 3 | 81,330 | 81,330
Total fixed assets: |  | 81,330 | 81,330
Current assets
Debtors: |  | 0 | 0
Cash at bank and in hand: |  | 24,906 | 25,385
Total current assets: |  | 24,906 | 25,385
Creditors: amounts falling due within one year: | 4 | ( 2,400 ) | ( 2,400 )
Net current assets (liabilities): |  | 22,506 | 22,985
Total assets less current liabilities: |  | 103,838 | 104,317
Creditors: amounts falling due after more than one year: | 5 | ( 52,400 ) | ( 54,800 )
Provision for liabilities: |  | ( 45,749 ) | ( 45,749 )
Accruals and deferred income: |  | ( 661 ) | ( 716 )
Total net assets (liabilities): |  | 5,028 | 3,052
Capital and reserves
Called up share capital: |  | 2 | 2
Profit and loss account: |  | 5,026 | 3,050
Total Shareholders' funds: |  | 5,028 | 3,052

The notes form part of these financial statements

# J WALLACE & SONS LTD

## Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 7 January 2026
and signed on behalf of the board by:

Name: Jonathan Wallace
Status: Director

The notes form part of these financial statements

# J WALLACE & SONS LTD

## Notes to the Financial Statements

for the Period Ended 28 February 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

# J WALLACE & SONS LTD

## Notes to the Financial Statements

for the Period Ended 28 February 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# J WALLACE & SONS LTD

## Notes to the Financial Statements

for the Period Ended 28 February 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 March 2024 | 81,330 |  |  |  |  | 81,330
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 28 February 2025 | 81,330 |  |  |  |  | 81,330
Depreciation |  |  |  |  |  |
At 1 March 2024 | 0 |  |  |  |  | 0
Charge for year |  |  |  |  |  |
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 28 February 2025 | 0 |  |  |  |  | 0
Net book value |  |  |  |  |  |
At 28 February 2025 | 81,330 |  |  |  |  | 81,330
At 29 February 2024 | 81,330 |  |  |  |  | 81,330

# J WALLACE & SONS LTD

## Notes to the Financial Statements

for the Period Ended 28 February 2025

## 4. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 2,400 | 2,400
Total | 2,400 | 2,400

# J WALLACE & SONS LTD

## Notes to the Financial Statements

for the Period Ended 28 February 2025

## 5. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 52,400 | 54,800
Total | 52,400 | 54,800