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REGISTERED NUMBER: 10911389 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 August 2023

for

J R Scott Construction Ltd

J R Scott Construction Ltd (Registered number: 10911389)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


J R Scott Construction Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: J R Scott





REGISTERED OFFICE: 45 Temeside
Ludlow
Shropshire
SY8 1PA





REGISTERED NUMBER: 10911389 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

J R Scott Construction Ltd (Registered number: 10911389)

Abridged Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 2,003
Tangible assets 5 77,785 122,136
77,785 124,139

CURRENT ASSETS
Debtors 140,126 47,954
Cash at bank 3,866 4,547
143,992 52,501
CREDITORS
Amounts falling due within one year (232,795 ) (150,695 )
NET CURRENT LIABILITIES (88,803 ) (98,194 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,018 ) 25,945

CREDITORS
Amounts falling due after more than one
year

(20,313

)

(41,263

)

PROVISIONS FOR LIABILITIES (14,779 ) (18,263 )
NET LIABILITIES (46,110 ) (33,581 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (46,210 ) (33,681 )
SHAREHOLDERS' FUNDS (46,110 ) (33,581 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 R Scott Construction Ltd (Registered number: 10911389)

Abridged Balance Sheet - continued
31 August 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2024 and were signed by:





J R Scott - Director


J R Scott Construction Ltd (Registered number: 10911389)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

J R Scott Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

J R Scott Construction Ltd (Registered number: 10911389)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
These accounts have been prepared on a going concern basis, notwithstanding the company's net current liabilities position at the balance sheet date, The directors' are confident that with their continued support, the company can remain a going concern for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 10,924
AMORTISATION
At 1 September 2022 8,921
Amortisation for year 2,003
At 31 August 2023 10,924
NET BOOK VALUE

At 31 August 2023 -
At 31 August 2022 2,003

J R Scott Construction Ltd (Registered number: 10911389)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 263,617
Additions 6,821
Disposals (58,528 )
At 31 August 2023 211,910
DEPRECIATION
At 1 September 2022 141,481
Charge for year 25,969
Eliminated on disposal (33,325 )
At 31 August 2023 134,125
NET BOOK VALUE
At 31 August 2023 77,785
At 31 August 2022 122,136

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2022 71,833
Disposals (15,833 )
At 31 August 2023 56,000
DEPRECIATION
At 1 September 2022 28,458
Charge for year 7,875
Eliminated on disposal (3,958 )
At 31 August 2023 32,375
NET BOOK VALUE
At 31 August 2023 23,625
At 31 August 2022 43,375

J R Scott Construction Ltd (Registered number: 10911389)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
J R Scott
Balance outstanding at start of year 4,902 28,219
Amounts advanced 44,657 55,804
Amounts repaid (39,737 ) (79,121 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,822 4,902