JG Wishart Motor Engineers Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC442664 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

JG Wishart Motor Engineers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J G Wishart

K J Wishart

SECRETARY:

J G Wishart

REGISTERED OFFICE:

12 Chanonry Street

Chanonry Industrial Estate

Elgin

Moray

IV30 6NF

REGISTERED NUMBER:

SC442664 (Scotland)

ACCOUNTANTS:

P bookkeeping Services

49 Linn Crescent

Buckie

Moray

AB56 1NA

FIXED ASSETS

Tangible assets

4

129,425

140,537

CURRENT ASSETS

Stocks

2,182

2,953

Debtors

5

17,925

13,957

Cash at bank and in hand

68,164

73,873

88,271

90,783

CREDITORS

Amounts falling due within one year

6

52,602

63,145

NET CURRENT ASSETS

35,669

27,638

TOTAL ASSETS LESS CURRENT
LIABILITIES

165,094

168,175

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

164,994

168,075

165,094

168,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by J G Wishart the Board of Directors and authorised for issue on 3 September 2026 and were signed on its behalf by:

J G Wishart - Director

1.	STATUTORY INFORMATION

JG Wishart Motor Engineers 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.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2025

82,941

178,858

261,799

Additions

-

4,382

At 31 March 2026

82,941

183,240

266,181

DEPRECIATION

At 1 April 2025

-

121,262

Charge for year

-

15,494

At 31 March 2026

-

136,756

NET BOOK VALUE

At 31 March 2026

82,941

46,484

129,425

At 31 March 2025

82,941

57,596

140,537

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

16,377

12,041

Other debtors

1,548

1,916

17,925

13,957

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Hire purchase contracts

20,712

31,244

Trade creditors

(1

)

-

Taxation and social security

15,789

17,487

Other creditors

16,102

14,414

52,602

63,145