REGISTERED NUMBER: SC368607 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SJM JOINERS (SCOTLAND) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J McColl

REGISTERED OFFICE:

C/O Kean Jarman & Company

27 Ingram Street

Glasgow

G1 1HA

REGISTERED NUMBER:

SC368607 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

11,476

15,300

CURRENT ASSETS

Stocks

-

500

Debtors

5

17,173

5,815

Cash at bank

2,542

7,491

19,715

13,806

CREDITORS

Amounts falling due within one year

6

28,795

25,655

NET CURRENT LIABILITIES

(9,080

)

(11,849

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,396

3,451

CREDITORS

Amounts falling due after more than one year

7

(5,734

)

(16,246

)

PROVISIONS FOR LIABILITIES

(2,180

)

(2,907

)

NET LIABILITIES

(5,518

)

(15,702

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(5,519

)

(15,703

)

SHAREHOLDERS' FUNDS

(5,518

)

(15,702

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 June 2026 and were signed by:

S J McColl - Director

1.	STATUTORY INFORMATION

SJM Joiners (Scotland) Ltd 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.

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.

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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

6,913

25,963

2,810

35,686

DEPRECIATION

At 1 January 2025

6,279

11,359

2,748

20,386

Charge for year

158

3,651

15

3,824

At 31 December 2025

6,437

15,010

2,763

24,210

NET BOOK VALUE

At 31 December 2025

476

10,953

47

11,476

At 31 December 2024

634

14,604

62

15,300

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

Motor

vehicles

£

COST

At 1 January 2025

and 31 December 2025

25,963

DEPRECIATION

At 1 January 2025

11,359

Charge for year

3,651

At 31 December 2025

15,010

NET BOOK VALUE

At 31 December 2025

10,953

At 31 December 2024

14,604

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

310

5,815

Other debtors

16,150

-

VAT

713

-

17,173

5,815

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

5,856

6,169

Hire purchase contracts (see note 8)

4,587

4,587

Trade creditors

861

187

Tax

16,428

11,782

Social security and other taxes

852

-

VAT

-

905

Other creditors

211

2,025

28,795

25,655

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

-

5,926

Hire purchase contracts (see note 8)

5,734

10,320

5,734

16,246

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Gross obligations repayable:

Within one year

6,039

6,039

Between one and five years

7,549

13,588

13,588

19,627

Finance charges repayable:

Within one year

1,452

1,452

Between one and five years

1,815

3,268

3,267

4,720

Net obligations repayable:

Within one year

4,587

4,587

Between one and five years

5,734

10,320

10,321

14,907

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

3,536

3,536

Between one and five years

884

4,420

4,420

7,956

9.	RELATED PARTY DISCLOSURES

The company director owed £16,150 (2024-nil) to the company at the year end. This was the maximum amount outstanding during the year and was repaid after the year end.