John Wilson & Sons (Glaziers) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC093654 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

JOHN WILSON & SONS (GLAZIERS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Wilson

SECRETARY:

M A Wilson

REGISTERED OFFICE:

87 Millarbank Street

Glasgow

G21 1BT

REGISTERED NUMBER:

SC093654 (Scotland)

ACCOUNTANTS:

Bannerman Johnstone Maclay

Chartered Accountants

213 St Vincent Street

Glasgow

G2 5QY

BANKERS:

The Royal Bank of Scotland plc

Glasgow Charing Cross West Branch

9 Clifton Place

Glasgow

G3 7JU

SOLICITORS:

Miller Beckett & Jackson

190 St. Vincent Street

Glasgow

G2 5SP

FIXED ASSETS

Tangible assets

4

-

17,331

CURRENT ASSETS

Stocks

500

2,500

Debtors

5

673

23,462

Cash at bank

75,279

14,858

76,452

40,820

CREDITORS

Amounts falling due within one year

6

23,926

67,122

NET CURRENT ASSETS/(LIABILITIES)

52,526

(26,302

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,526

(8,971

)

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Capital redemption reserve

17,000

17,000

Retained earnings

32,526

(28,971

)

SHAREHOLDERS' FUNDS

52,526

(8,971

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 29 June 2020 and were signed by:

K Wilson - Director

1.	STATUTORY INFORMATION

John Wilson & Sons (Glaziers) 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost

Stocks

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

moving items.

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 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2018

32,000

114,661

146,661

Disposals

(32,000

)

(49,626

)

(81,626

)

At 30 June 2019

-

65,035

65,035

DEPRECIATION

At 1 July 2018

15,360

113,970

129,330

Charge for year

-

3

3

Eliminated on disposal

(15,360

)

(48,938

)

(64,298

)

At 30 June 2019

-

65,035

65,035

NET BOOK VALUE

At 30 June 2019

-

-

-

At 30 June 2018

16,640

691

17,331

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

673

21,332

Other debtors

-

2,130

673

23,462

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

10,082

29,600

Taxation and social security

11,904

11,136

Other creditors

1,940

26,386

23,926

67,122