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REGISTERED NUMBER: SC423848 (Scotland)


















Unaudited Financial Statements

for the Year Ended 5 April 2022

for

Roy Leith Contracts Limited

Roy Leith Contracts Limited (Registered number: SC423848)






Contents of the Financial Statements
for the Year Ended 5 April 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Roy Leith Contracts Limited

Company Information
for the Year Ended 5 April 2022







DIRECTOR: R Leith



REGISTERED OFFICE: 18 St Margarets Park
Forfar
DD8 3EA



REGISTERED NUMBER: SC423848 (Scotland)



ACCOUNTANTS: MMG Chartered Accountants
182 High Street
Montrose
ANGUS
DD10 8PH



BANKERS: Clydesdale Bank
73 Castle Street
Forfar
DD8 3AG

Roy Leith Contracts Limited (Registered number: SC423848)

Statement of Financial Position
5 April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,691 2,255

CURRENT ASSETS
Debtors 5 1,040 467
Cash at bank 13,845 10,565
14,885 11,032
CREDITORS
Amounts falling due within one year 6 5,054 1,949
NET CURRENT ASSETS 9,831 9,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,522

11,338

PROVISIONS FOR LIABILITIES 103 162
NET ASSETS 11,419 11,176

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 11,418 11,175
SHAREHOLDERS' FUNDS 11,419 11,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 August 2022 and were signed by:



R Leith - Director


Roy Leith Contracts Limited (Registered number: SC423848)

Notes to the Financial Statements
for the Year Ended 5 April 2022

1. STATUTORY INFORMATION

Roy Leith Contracts 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.

The director confirms that, after making appropriate enquiries, he has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the company continues to adopt the going concern basis in preparing these financial statements.

Turnover
Turnover and profit on ordinary activities before taxation are attributable to groundworks.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Contracts for services
Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Roy Leith Contracts Limited (Registered number: SC423848)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2022

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 6 April 2021
and 5 April 2022 21,035 2,550 1,784 25,369
DEPRECIATION
At 6 April 2021 19,924 1,475 1,715 23,114
Charge for year 278 269 17 564
At 5 April 2022 20,202 1,744 1,732 23,678
NET BOOK VALUE
At 5 April 2022 833 806 52 1,691
At 5 April 2021 1,111 1,075 69 2,255

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 1,040 467

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Tax 3,916 765
Directors' current accounts 5 153
Accrued expenses 1,133 1,031
5,054 1,949

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 6 April 2021 11,175
Profit for the year 16,243
Dividends (16,000 )
At 5 April 2022 11,418

Roy Leith Contracts Limited (Registered number: SC423848)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2022

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2022 and 5 April 2021:

2022 2021
£    £   
R Leith
Balance outstanding at start of year (152 ) (5,688 )
Amounts advanced 1,267 10,291
Amounts repaid (1,120 ) (4,755 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5 ) (152 )