1 April 2022 false No description of principal activity Taxfiler 2023.10 SC657520business:PrivateLimitedCompanyLtd2022-04-012023-03-31 SC6575202022-03-31 SC6575202022-04-012023-03-31 SC657520business:AuditExemptWithAccountantsReport2022-04-012023-03-31 SC657520business:FilletedAccounts2022-04-012023-03-31 SC6575202023-03-31 SC657520business:Director12022-04-012023-03-31 SC657520business:Director22022-04-012023-03-31 SC657520business:RegisteredOffice2022-04-012023-03-31 SC6575202022-03-31 SC657520core:WithinOneYear2023-03-31 SC657520core:WithinOneYear2022-03-31 SC657520core:AfterOneYear2023-03-31 SC657520core:AfterOneYear2022-03-31 SC657520core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC657520core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 SC657520core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC657520core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 SC657520core:PreviouslyStatedAmount2023-03-31 SC657520core:PreviouslyStatedAmount2022-03-31 SC657520business:SmallEntities2022-04-012023-03-31 SC657520countries:Scotland2022-04-012023-03-31 SC657520core:PlantMachinery2022-04-012023-03-31 SC657520core:MotorVehicles2022-04-012023-03-31 SC657520core:ComputerEquipment2022-04-012023-03-31 SC657520core:Goodwill2022-03-31 SC657520core:Goodwill2023-03-31 SC657520core:Goodwill2022-04-012023-03-31 SC657520core:PlantMachinery2022-03-31 SC657520core:MotorVehicles2022-03-31 SC657520core:ComputerEquipment2022-03-31 SC657520core:PlantMachinery2023-03-31 SC657520core:MotorVehicles2023-03-31 SC657520core:ComputerEquipment2023-03-31 SC6575202021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC657520 (Scotland)
VRW Contractors Ltd Unaudited accounts for the year ended 31 March 2023
VRW Contractors Ltd Unaudited accounts Contents
Page
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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
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VRW Contractors Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
16,700 
18,900 
Tangible assets
52,454 
49,619 
69,154 
68,519 
Current assets
Debtors
15,540 
17,288 
Cash at bank and in hand
6,457 
3,064 
21,997 
20,352 
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)
Net assets
30,954 
26,617 
Capital and reserves
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
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VRW Contractors Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 
£ 
Cost
At 1 April 2022
22,000 
At 31 March 2023
22,000 
Amortisation
At 1 April 2022
3,100 
Charge for the year
2,200 
At 31 March 2023
5,300 
Net book value
At 31 March 2023
16,700 
At 31 March 2022
18,900 
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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 
Depreciation
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 
Net book value
At 31 March 2023
27,123 
23,258 
2,073 
52,454 
At 31 March 2022
30,794 
18,525 
300 
49,619 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
(1,048)
5,192 
Other debtors
16,588 
12,096 
15,540 
17,288 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
183 
411 
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 
Accruals
1,378 
850 
21,373 
21,871 
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 
37,810 
38,355 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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