John Young (Bellshill) Limited Filleted accounts for Companies House (small and micro)
John Young (Bellshill) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC057067
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For the year ended |
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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------------ |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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--------- |
--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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– |
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Provisions
Taxation including deferred tax |
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– |
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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--------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
24 August 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
SC057067
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Notes to the Financial Statements |
Year ended 31 August 2021
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 2 Johnstone Street, Bellshill, ML4 1DE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Government grants
Provisions
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
1
).
5.
Tangible assets
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 September 2020 |
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– |
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Additions |
– |
– |
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-------- |
-------- |
-------- |
-------- |
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At 31 August 2021 |
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-------- |
-------- |
-------- |
-------- |
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Depreciation |
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At 1 September 2020 |
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– |
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Charge for the year |
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-------- |
-------- |
-------- |
-------- |
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At 31 August 2021 |
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-------- |
-------- |
-------- |
-------- |
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Carrying amount |
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At 31 August 2021 |
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-------- |
-------- |
-------- |
-------- |
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At 31 August 2020 |
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– |
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-------- |
-------- |
-------- |
-------- |
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6.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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--------- |
------------ |
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7.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
(
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Corporation tax |
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– |
Social security and other taxes |
– |
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Other creditors |
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--------- |
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--------- |
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8.
Creditors:
amounts falling due after more than one year
2021 |
2020 |
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£ |
£ |
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Other creditors |
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– |
-------- |
---- |
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9.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2021 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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--------- |
--------- |
-------- |
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2020 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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10.
Related party transactions
Control:- The company was under the control of
M Y Campbell
throughout the current and previous year. M Y Campbell
is the sole director and 100% shareholder. Transactions:- During the year, the company charged Campbell Building Solutions Limited, a company of which M Y Campbell
is a Director, a management charge of £nil (2020 : £50,000). During the year, Campbell Building Solutions Limited charged the company a management charge of £50,000 (2020 : £nil). The balance due from Campbell Building Solutions Limited at 31 August 2021 amounted to £50,000 (2020 : £100,000). The loan is interest free, unsecured and is repayable on demand.