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REGISTERED NUMBER: SC349384 (Scotland)















Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 October 2023

for

CJ Riach Ltd.

CJ Riach Ltd. (Registered number: SC349384)






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




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


CJ Riach Ltd.

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr C J Riach
Mrs L Riach





REGISTERED OFFICE: 1b Tannery Street
Banff
Aberdeenshire
AB45 1ER





REGISTERED NUMBER: SC349384 (Scotland)





ACCOUNTANTS: SBP
Accountants
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF

CJ Riach Ltd. (Registered number: SC349384)

Report of the Directors
for the Year Ended 31 October 2023

The directors present their report with the financial statements of the company for the year ended 31 October 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

Mr C J Riach
Mrs L Riach

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr C J Riach - Director


22 April 2024

CJ Riach Ltd. (Registered number: SC349384)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,397 26,284

CURRENT ASSETS
Stocks 5 7,000 8,000
Debtors 6 8,983 7,589
Cash at bank 95,079 90,881
111,062 106,470
CREDITORS
Amounts falling due within one year 7 30,455 25,504
NET CURRENT ASSETS 80,607 80,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,004

107,250

CREDITORS
Amounts falling due after more than one year 8 (1,549 ) (5,265 )

PROVISIONS FOR LIABILITIES (4,421 ) (4,994 )
NET ASSETS 96,034 96,991

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 96,032 96,989
SHAREHOLDERS' FUNDS 96,034 96,991

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

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

CJ Riach Ltd. (Registered number: SC349384)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:




Mr C J Riach - Director



Mrs L Riach - Director


CJ Riach Ltd. (Registered number: SC349384)

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

1. STATUTORY INFORMATION

CJ Riach Ltd. 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.

Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CJ Riach Ltd. (Registered number: SC349384)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 12,123 29,254 1,473 42,850
Additions 1,836 - - 1,836
At 31 October 2023 13,959 29,254 1,473 44,686
DEPRECIATION
At 1 November 2022 7,780 7,313 1,473 16,566
Charge for year 1,237 5,486 - 6,723
At 31 October 2023 9,017 12,799 1,473 23,289
NET BOOK VALUE
At 31 October 2023 4,942 16,455 - 21,397
At 31 October 2022 4,343 21,941 - 26,284

CJ Riach Ltd. (Registered number: SC349384)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 29,016
DEPRECIATION
At 1 November 2022 7,254
Charge for year 5,441
At 31 October 2023 12,695
NET BOOK VALUE
At 31 October 2023 16,321
At 31 October 2022 21,762

5. STOCKS
31.10.23 31.10.22
£    £   
Stock 2,000 2,000
Work-in-progress 5,000 6,000
7,000 8,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 8,334 6,982
Prepayments 649 607
8,983 7,589

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 3,717 3,717
Trade creditors 7,556 6,735
Tax 12,838 9,470
VAT 2,575 2,209
Directors' current accounts 2,209 1,788
Accrued expenses 1,560 1,585
30,455 25,504

CJ Riach Ltd. (Registered number: SC349384)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 1,549 5,265

9. RELATED PARTY DISCLOSURES

The Directors operate a current account with the company and as at 31 October 2023 the balance owing to them was £2,209 (2022 balance owed to the directors: £1,788). There are no fixed terms of repayment and no interest is accrued.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs Riach.