Company Registration No. SC436092 (Scotland)
RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED
Unaudited accounts
for the year ended 30 November 2023
RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED
Unaudited accounts
Contents
RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED
Company Information
for the year ended 30 November 2023
Directors
Graham William Manderson
Robert Scott Teece
Company Number
SC436092 (Scotland)
Registered Office
24 YORK STREET
AYR
KA8 8AZ
Accountants
McMorland & Co FTCA Limited
24 York Street
Ayr
KA8 8AZ
RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED
Accountants' report
Accountants' report to the board of directors of RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED for the year ended
30 November 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED. You consider that RIVERSIDE CONTRACTS (AYRSHIRE) 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 accounts of RIVERSIDE CONTRACTS (AYRSHIRE) 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 accounts.
McMorland & Co FTCA Limited
24 York Street
Ayr
KA8 8AZ
7 August 2024
RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
193,512
152,319
Cash at bank and in hand
47,219
201,123
Creditors: amounts falling due within one year
(161,177)
(229,812)
Net current (liabilities)/assets
(62,691)
9,389
Total assets less current liabilities
130,821
161,708
Creditors: amounts falling due after more than one year
(129,593)
(114,803)
Called up share capital
1,000
1,000
Profit and loss account
228
45,905
Shareholders' funds
1,228
46,905
For the year ending 30 November 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by
Robert Scott Teece
Director
Company Registration No. SC436092
RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED
Notes to the Accounts
for the year ended 30 November 2023
RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED is a private company, limited by shares, registered in Scotland, registration number SC436092. The registered office is 24 YORK STREET, AYR, KA8 8AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
10% reducing balance
Computer equipment
20% reducing balance
Taxation for the year comprises current 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 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.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
33,728
233,672
4,281
271,681
Additions
-
92,254
-
92,254
Disposals
-
(62,643)
-
(62,643)
At 30 November 2023
33,728
263,283
4,281
301,292
At 1 December 2022
1,808
115,027
2,527
119,362
Charge for the year
3,192
19,622
351
23,165
On disposals
-
(34,747)
-
(34,747)
At 30 November 2023
5,000
99,902
2,878
107,780
At 30 November 2023
28,728
163,381
1,403
193,512
At 30 November 2022
31,920
118,645
1,754
152,319
Amounts falling due within one year
Other debtors
45,474
13,073
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
5,000
Obligations under finance leases and hire purchase contracts
22,485
22,682
Trade creditors
56,746
99,388
Taxes and social security
60,870
55,609
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
113,760
83,950
RIVERSIDE CONTRACTS (AYRSHIRE) LIMITED
Notes to the Accounts
for the year ended 30 November 2023
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).