Company Registration No. SC427189 (Scotland)
M&R Tiling Contractors Ltd
Unaudited accounts
for the year ended 31 March 2023
M&R Tiling Contractors Ltd
Unaudited accounts
Contents
M&R Tiling Contractors Ltd
Company Information
for the year ended 31 March 2023
Directors
Mark Ralston
Danielle Ralston
Company Number
SC427189 (Scotland)
Registered Office
3 Rowanberry Court
Lennoxtown
G66 7BF
Accountants
Callan Accountancy
21 - 23 Woodside Place
Glasgow
G3 7QF
M&R Tiling Contractors Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
169,644
67,243
Cash at bank and in hand
197,625
97,372
Creditors: amounts falling due within one year
(94,416)
(17,614)
Net current assets
219,684
175,825
Total assets less current liabilities
389,328
243,068
Creditors: amounts falling due after more than one year
(100,832)
(70,025)
Net assets
288,496
173,043
Called up share capital
100
100
Profit and loss account
288,396
172,943
Shareholders' funds
288,496
173,043
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by
Danielle Ralston
Director
Company Registration No. SC427189
M&R Tiling Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2023
M&R Tiling Contractors Ltd is a private company, limited by shares, registered in Scotland, registration number SC427189. The registered office is 3 Rowanberry Court, Lennoxtown, G66 7BF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
20% straight line
Fixtures & fittings
25% straight line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
M&R Tiling Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
30,630
64,958
2,295
97,883
Additions
5,999
152,438
10,098
168,535
Disposals
(16,400)
(38,775)
-
(55,175)
At 31 March 2023
20,229
178,621
12,393
211,243
At 1 April 2022
7,627
22,160
853
30,640
Charge for the year
2,759
24,370
1,031
28,160
Surplus on revaluation
-
(15,614)
-
(15,614)
On disposals
(1,587)
-
-
(1,587)
At 31 March 2023
8,799
30,916
1,884
41,599
At 31 March 2023
11,430
147,705
10,509
169,644
At 31 March 2022
23,003
42,798
1,442
67,243
Amounts falling due within one year
Trade debtors
57,772
42,942
Accrued income and prepayments
836
836
Other debtors
57,867
52,289
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,663
6,180
Obligations under finance leases and hire purchase contracts
9,052
5,787
Trade creditors
20,999
20,167
Taxes and social security
38,026
19,730
Other creditors
10,800
9,321
Loans from directors
7,876
(43,571)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
82,338
42,384
M&R Tiling Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2023
During the year to 31 March 2022, the company has provided the directors with the interest free loan of £43,571 (2021, £44,120). The loan was repaid after year end.
9
Transactions with related parties
During the year to 31 March 2023, the directors have provided the company a interest free loan of £7,876 (2022, NIL). There is no fixed terms of repayment.
10
Average number of employees
During the year the average number of employees was 5 (2022: 6).