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REGISTERED NUMBER: SC194423 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

RICHLAND (SCOTLAND) LIMITED

RICHLAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC194423)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

RICHLAND (SCOTLAND) LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Ms H Millar
Mrs M T Millar





REGISTERED OFFICE: Richland Park
Braehead
Forth
Lanark
South Lanarkshire
ML11 8HA





REGISTERED NUMBER: SC194423 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

RICHLAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC194423)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 410,493 198,763

CURRENT ASSETS
Debtors 6 110,050 104,525
Cash at bank and in hand 88,797 39,278
198,847 143,803
CREDITORS
Amounts falling due within one year 7 186,803 161,805
NET CURRENT ASSETS/(LIABILITIES) 12,044 (18,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,537

180,761

CREDITORS
Amounts falling due after more than one year 8 (225,759 ) (110,041 )

PROVISIONS FOR LIABILITIES (30,139 ) (5,938 )
NET ASSETS 166,639 64,782

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,539 64,682
SHAREHOLDERS' FUNDS 166,639 64,782

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

RICHLAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC194423)

Balance Sheet - continued
31 March 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 29 March 2024 and were signed on its behalf by:





Ms H Millar - Director


RICHLAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC194423)

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

1. STATUTORY INFORMATION

Richland (Scotland) 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.

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


2. STATEMENT OF COMPLIANCE

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. There were no material departures from the standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from transport services supplied by the company.

Turnover is measured at the fair value of transport services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

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.
Motor vehicles - 10% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

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.


RICHLAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC194423)

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

3. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement on a straight line basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

5. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 33,967 292,802 1,295 328,064
Additions - 279,287 - 279,287
Disposals - (60,518 ) - (60,518 )
At 31 March 2023 33,967 511,571 1,295 546,833
DEPRECIATION
At 1 April 2022 2,717 125,407 1,239 129,363
Charge for year 680 65,266 14 65,960
Eliminated on disposal - (58,983 ) - (58,983 )
At 31 March 2023 3,397 131,690 1,253 136,340
NET BOOK VALUE
At 31 March 2023 30,570 379,881 42 410,493
At 31 March 2022 31,250 167,395 56 198,701

RICHLAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC194423)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 168,867
Additions 264,287
At 31 March 2023 433,154
DEPRECIATION
At 1 April 2022 27,010
Charge for year 59,728
At 31 March 2023 86,738
NET BOOK VALUE
At 31 March 2023 346,416
At 31 March 2022 141,857

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 100,328 49,929
Other debtors 9,722 54,596
110,050 104,525

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,870 9,626
Hire purchase contracts and finance leases 80,109 45,238
Trade creditors - 2,455
Taxation and social security 39,194 65,331
Other creditors 57,630 39,155
186,803 161,805

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,780 35,650
Hire purchase contracts and finance leases 199,979 74,391
225,759 110,041

RICHLAND (SCOTLAND) LIMITED (REGISTERED NUMBER: SC194423)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 35,650 45,276
Hire purchase contracts and finance leases 280,088 119,629
315,738 164,905

Hire purchase contracts and finance leases are secured over the assets concerned.

The bank loan is secured by a 100% guarantee from the UK government.

10. RELATED PARTY DISCLOSURES

The company operates a loan account with the directors.

During the year, the company repaid £583 to the directors. At the year end, the balance due from the director was £403 (2022 due to : £180). This loan is unsecured, interest free and has no fixed repayment terms.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Richland (Scotland) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Richland (Scotland) Limited for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Richland (Scotland) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Richland (Scotland) Limited and state those matters that we have agreed to state to the Board of Directors of Richland (Scotland) Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Richland (Scotland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Richland (Scotland) Limited. You consider that Richland (Scotland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Richland (Scotland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


29 March 2024