RJ Ronaldson & Son Builders Ltd Filleted Accounts Cover
RJ Ronaldson & Son Builders Ltd
Company No. SC513978
Information for Filing with The Registrar
31 August 2023
RJ Ronaldson & Son Builders Ltd Balance Sheet Registrar
at
31 August 2023
Company No.
SC513978
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
24,1865,053
24,1865,053
Current assets
Cash at bank and in hand
13,60711,346
13,60711,346
Creditors: Amount falling due within one year
5
(11,013)
(8,779)
Net current assets
2,5942,567
Total assets less current liabilities
26,7807,620
Creditors: Amounts falling due after more than one year
6
(14,526)
-
Net assets
12,2547,620
Capital and reserves
Called up share capital
100100
Profit and loss account
8
12,1547,520
Total equity
12,2547,620
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 24 November 2023 and signed on its behalf by:
K. Ronaldson
Director
24 November 2023
RJ Ronaldson & Son Builders Ltd Notes to the Accounts Registrar
for the year ended 31 August 2023
1
General information
RJ Ronaldson & Son Builders Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC513978
Its registered office is:
Its trading address is:
14 Viewfield Road
28 Rowantree Avenue
Juniper Green
Currie
Edinburgh
Edinburgh
Scotland
Scotland
EH14 5BE
EH14 5AU
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Motor vehicles
Total
£
£
Cost or revaluation
At 1 September 2022
24,09424,094
Additions
30,23230,232
Disposals
(24,094)
(24,094)
At 31 August 2023
30,23230,232
Depreciation
At 1 September 2022
19,04119,041
Charge for the year
6,0466,046
Disposals
(19,041)
(19,041)
At 31 August 2023
6,0466,046
Net book values
At 31 August 2023
24,18624,186
At 31 August 2022
5,053
5,053
5
Creditors:
amounts falling due within one year
2023
2022
£
£
Obligations under finance lease and hire purchase contracts
6,417-
Taxes and social security
3,564
7,807
Accruals and deferred income
1,032972
11,0138,779
6
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Obligations under finance lease and hire purchase contracts
14,526-
14,526-
7
Share Capital
Ordinary
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
23,278
16,640
23,278
16,640
Dividends by type:
Equity dividends
23,27816,640
23,278
16,640
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