Company Registration No. SC657520 (Scotland)
VRW Contractors Ltd
Unaudited accounts
for the year ended 31 March 2023
VRW Contractors Ltd
Unaudited accounts
Contents
VRW Contractors Ltd
Company Information
for the year ended 31 March 2023
Directors
Russell Will
Vicki Will
Company Number
SC657520 (Scotland)
Registered Office
Hawthorn Cottage
New Deer
Turriff
Aberdeenshire
AB53 6TL
Scotland
Accountants
S Gray Accounting
Dunrewan
Little Colp
Turriff
Aberdeenshire
AB53 8DT
VRW Contractors Ltd
Statement of financial position
as at 31 March 2023
Intangible assets
16,700
18,900
Tangible assets
52,454
49,619
Cash at bank and in hand
6,457
3,064
Creditors: amounts falling due within one year
(21,373)
(21,871)
Net current assets/(liabilities)
624
(1,519)
Total assets less current liabilities
69,778
67,000
Creditors: amounts falling due after more than one year
(37,810)
(38,355)
Provisions for liabilities
Deferred tax
(1,014)
(2,028)
Called up share capital
2
2
Profit and loss account
30,952
26,615
Shareholders' funds
30,954
26,617
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 15 November 2023 and were signed on its behalf by
Vicki Will
Director
Company Registration No. SC657520
VRW Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2023
VRW Contractors Ltd is a private company, limited by shares, registered in Scotland, registration number SC657520. The registered office is Hawthorn Cottage, New Deer, Turriff, Aberdeenshire, AB53 6TL, Scotland.
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
15% reducing balance basis
Motor vehicles
15% reducing balance basis
Computer equipment
20% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation 10 years straight line basis
4
Intangible fixed assets
Goodwill
VRW Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
38,698
22,710
400
61,808
Additions
1,595
10,995
2,709
15,299
At 31 March 2023
40,293
33,705
3,109
77,107
At 1 April 2022
7,904
4,185
100
12,189
Charge for the year
5,266
6,262
936
12,464
At 31 March 2023
13,170
10,447
1,036
24,653
At 31 March 2023
27,123
23,258
2,073
52,454
At 31 March 2022
30,794
18,525
300
49,619
Amounts falling due within one year
Trade debtors
(1,048)
5,192
Other debtors
16,588
12,096
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,826
5,207
Taxes and social security
3,490
1,184
Proposed dividends
4,000
8,000
Other creditors
2,303
1,103
Loans from directors
2,193
5,116
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
9,585
7,930
Loans from directors
28,225
30,425
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).