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REGISTERED NUMBER: SC549191 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Hugh Riley Surfacing Contractors Limited

Hugh Riley Surfacing Contractors Limited (Registered number: SC549191)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hugh Riley Surfacing Contractors Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: H Riley
Mrs S Riley
H F Riley





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC549191 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Hugh Riley Surfacing Contractors Limited (Registered number: SC549191)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 168,750 155,250

CURRENT ASSETS
Debtors 5 223,157 152,095
Cash at bank 32,815 75,640
255,972 227,735
CREDITORS
Amounts falling due within one year 6 288,918 201,012
NET CURRENT (LIABILITIES)/ASSETS (32,946 ) 26,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,804

181,973

CREDITORS
Amounts falling due after more than one
year

7

(16,667

)

(26,667

)

PROVISIONS FOR LIABILITIES 8 (42,188 ) (29,498 )
NET ASSETS 76,949 125,808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,849 125,708
76,949 125,808

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

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

Hugh Riley Surfacing Contractors Limited (Registered number: SC549191)

Balance Sheet - continued
31 December 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 11 September 2024 and were signed on its behalf by:





H Riley - Director


Hugh Riley Surfacing Contractors Limited (Registered number: SC549191)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hugh Riley Surfacing Contractors 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.

Hugh Riley Surfacing Contractors Limited (Registered number: SC549191)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 207,000
Additions 225,000
Disposals (207,000 )
At 31 December 2023 225,000
DEPRECIATION
At 1 January 2023 51,750
Charge for year 56,250
Eliminated on disposal (51,750 )
At 31 December 2023 56,250
NET BOOK VALUE
At 31 December 2023 168,750
At 31 December 2022 155,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 177,503 67,711
Other debtors 45,654 84,384
223,157 152,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 7,283
Taxation and social security 18,810 25,637
Other creditors 260,108 158,092
288,918 201,012

Hugh Riley Surfacing Contractors Limited (Registered number: SC549191)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 16,667 26,667

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 42,188 29,498

Deferred
tax
£   
Balance at 1 January 2023 29,498
Provided during year 12,690
Balance at 31 December 2023 42,188