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REGISTERED NUMBER: SC549201 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

James Riley Contracts Limited

James Riley Contracts Limited (Registered number: SC549201)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 5

James Riley Contracts Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr J Riley



REGISTERED OFFICE: 46 Kenley Road
Renfrew
PA4 8YW



REGISTERED NUMBER: SC549201 (Scotland)



ACCOUNTANT: Braehead Accountants & Taxation Services Ltd
Unit 4
Station Road Ind Estate
Station Crescent
Renfrew
Renfrewshire
PA4 8RA



BANKERS: Virgin Bank
Dunn Square Branch
10 Causeyside Street
Paisley
Renfrewshire
PA1 1BH

James Riley Contracts Limited (Registered number: SC549201)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 354,953 373,815

CURRENT ASSETS
Debtors 5 117,088 92,618
Cash at bank 216,257 229,310
333,345 321,928
CREDITORS
Amounts falling due within one year 6 174,006 169,754
NET CURRENT ASSETS 159,339 152,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,292

525,989

CREDITORS
Amounts falling due after more than one
year

7

62,729

77,500
NET ASSETS 451,563 448,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 451,463 448,389
SHAREHOLDERS' FUNDS 451,563 448,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 director and authorised for issue on 26 August 2024 and were signed by:





Mr J Riley - Director


James Riley Contracts Limited (Registered number: SC549201)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

James Riley Contracts 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

James Riley Contracts Limited (Registered number: SC549201)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
Machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 518,678 124,570 643,248
Additions 64,500 - 64,500
At 30 November 2023 583,178 124,570 707,748
DEPRECIATION
At 1 December 2022 213,922 55,511 269,433
Charge for year 69,551 13,811 83,362
At 30 November 2023 283,473 69,322 352,795
NET BOOK VALUE
At 30 November 2023 299,705 55,248 354,953
At 30 November 2022 304,756 69,059 373,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 11,645 -
Other debtors 105,443 92,618
117,088 92,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 40,750 38,568
Trade creditors 21,273 31,065
Taxation and social security 75,452 62,213
Other creditors 36,531 37,908
174,006 169,754

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 62,729 77,500

James Riley Contracts Limited

Report of the Accountant to the Director of
James Riley Contracts Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Braehead Accountants & Taxation Services Ltd
Unit 4
Station Road Ind Estate
Station Crescent
Renfrew
Renfrewshire
PA4 8RA


Date: .............................................