Caseware UK (AP4) 2022.0.179 2022.0.179 2023-11-302023-11-30false2023-03-13Contracts1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC762017 2023-03-12 SC762017 2023-03-13 2023-11-30 SC762017 2021-12-01 2023-03-12 SC762017 2023-11-30 SC762017 c:Director1 2023-03-13 2023-11-30 SC762017 c:Director1 2023-11-30 SC762017 c:RegisteredOffice 2023-03-13 2023-11-30 SC762017 d:PlantMachinery 2023-03-13 2023-11-30 SC762017 d:PlantMachinery 2023-11-30 SC762017 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-13 2023-11-30 SC762017 d:CurrentFinancialInstruments 2023-11-30 SC762017 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 SC762017 d:ShareCapital 2023-11-30 SC762017 d:RetainedEarningsAccumulatedLosses 2023-11-30 SC762017 c:FRS102 2023-03-13 2023-11-30 SC762017 c:AuditExempt-NoAccountantsReport 2023-03-13 2023-11-30 SC762017 c:FullAccounts 2023-03-13 2023-11-30 SC762017 c:PrivateLimitedCompanyLtd 2023-03-13 2023-11-30 iso4217:GBP xbrli:pure
Registered number: SC762017










REID CONTRACTS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
REID CONTRACTS LIMITED
 

COMPANY INFORMATION


DIRECTOR
Darren Reid (appointed 13 March 2023)




REGISTERED NUMBER
SC762017



REGISTERED OFFICE
Unit 23 North Wellington Street

Dundee

DD3 7AT




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
REID CONTRACTS LIMITED
REGISTERED NUMBER: SC762017

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
£

Fixed assets
  

Tangible assets
 4 
5,435

  
5,435

Current assets
  

Debtors: amounts falling due within one year
 5 
27,809

Cash at bank and in hand
  
2,558

  
30,367

Creditors: amounts falling due within one year
 6 
(20,049)

Net current assets
  
 
 
10,318

Total assets less current liabilities
  
15,753

  

Net assets
  
15,753


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
15,653

  
15,753


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 February 2024.




Darren Reid
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
REID CONTRACTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


GENERAL INFORMATION

Reid Contracts Ltd is a private company, limited by shares, incorporated in Scotland with registration number SC762017. The registered office is Unit 23 North Wellington Street, Dundee, DD3 7AT. The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.2

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 
REID CONTRACTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including the director, during the Period was as follows:


        2023
            No.






1


4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


Additions
6,629



At 30 November 2023

6,629



DEPRECIATION


Charge for the Period on owned assets
1,194



At 30 November 2023

1,194



NET BOOK VALUE



At 30 November 2023
5,435


5.


DEBTORS

2023
£


Trade debtors
27,809

27,809
Page 3

 
REID CONTRACTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

5.DEBTORS (CONTINUED)




6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
£

Trade creditors
507

Other taxation and social security
14,920

Other creditors
3,122

Accruals and deferred income
1,500

20,049



Page 4