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REGISTERED NUMBER: SC558055 (Scotland)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

J M Tucker Contracting Limited

J M Tucker Contracting Limited (Registered number: SC558055)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J M Tucker Contracting Limited

Company Information
for the year ended 28 February 2023







DIRECTORS: Mrs K Tucker
J M Tucker





SECRETARY:





REGISTERED OFFICE: Barebreck
Grimnesss
South Ronaldsay
Orkney
KW17 2TH





REGISTERED NUMBER: SC558055 (Scotland)





ACCOUNTANTS: Foubister & Bain
4 Broad Street
Kirkwall
Orkney
KW15 1NX

J M Tucker Contracting Limited (Registered number: SC558055)

Balance Sheet
28 February 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
28,405 Tangible assets 4 23,341

CURRENT ASSETS
20,235 Debtors 5 22,317
44,236 Cash at bank 39,349
64,471 61,666
CREDITORS
68,360 Amounts falling due within one year 6 62,491
(3,889 ) NET CURRENT LIABILITIES (825 )

24,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,516

CREDITORS

3,629
Amounts falling due after more than one
year

7

-
20,887 NET ASSETS 22,516

CAPITAL AND RESERVES
100 Called up share capital 100
20,787 Retained earnings 22,416
20,887 22,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J M Tucker Contracting Limited (Registered number: SC558055)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





J M Tucker - Director


J M Tucker Contracting Limited (Registered number: SC558055)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

J M Tucker Contracting 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset, over its expected useful life, on a reducing balance basis, as follows:

Leasehold improvements 20% straight line basis
Plant and equipment 20% reducing balance basis
Fixtures and fittings 20% reducing balance basis
Computers 20% reducing balance basis
Motor vehicles 25% reducing balance basis
No depreciation is provided on land.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

J M Tucker Contracting Limited (Registered number: SC558055)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 March 2022 50,882 1,287 49,595
Additions 900 - 900
At 28 February 2023 51,782 1,287 50,495
DEPRECIATION
At 1 March 2022 22,477 516 21,961
Charge for year 5,964 257 5,707
At 28 February 2023 28,441 773 27,668
NET BOOK VALUE
At 28 February 2023 23,341 514 22,827
At 28 February 2022 28,405 771 27,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 22,317 20,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,630 19,992
Hire purchase contracts 3,629 4,838
Trade creditors 3,526 10,531
Taxation 12,648 974
Other creditors 27,058 32,025
62,491 68,360

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 3,629

8. RELATED PARTY DISCLOSURES

Included under other creditors are sums due to the directors of £6,107, (2022 - £32,025).