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LR GROUNDWORK & FORESTRY LIMITED

Registered Number
SC668712
(Scotland)

Unaudited Financial Statements for the Year ended
31 July 2023

LR GROUNDWORK & FORESTRY LIMITED
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

Mr Lyle W Robb

Registered Address

3 Ellemford Cottages
Duns
TD11 3SG

Registered Number

SC668712 (Scotland)
LR GROUNDWORK & FORESTRY LIMITED
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5167,381157,548
167,381157,548
Current assets
Debtors860,98458,438
Cash at bank and on hand1589,819
61,14268,257
Creditors amounts falling due within one year9(66,344)(44,085)
Net current assets (liabilities)(5,202)24,172
Total assets less current liabilities162,179181,720
Creditors amounts falling due after one year10(93,085)(90,969)
Net assets69,09490,751
Capital and reserves
Called up share capital11
Profit and loss account69,09390,750
Shareholders' funds69,09490,751
The financial statements were approved and authorised for issue by the Director on 19 September 2024, and are signed on its behalf by:
Mr Lyle W Robb
Director
Registered Company No. SC668712
LR GROUNDWORK & FORESTRY LIMITED
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Vehicles20-
Office Equipment-4
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 August 22152,52622,622-175,148
Additions49,958-58450,542
At 31 July 23202,48422,622584225,690
Depreciation and impairment
At 01 August 2212,4705,130-17,600
Charge for year37,0653,49814640,709
At 31 July 2349,5358,62814658,309
Net book value
At 31 July 23152,94913,994438167,381
At 31 July 22140,05617,492-157,548
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mr Lyle W Robb33,41738,32033,41738,320
33,41738,32033,41738,320
7.Dividends proposed and payable

2023

2022

££
Dividends Paid31,41741,000
Total31,41741,000
8.Debtors

2023

2022

££
Trade debtors / trade receivables16,95622,077
Other debtors43,64735,980
Prepayments and accrued income381381
Total60,98458,438
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables22,4863,089
Taxation and social security10,28515,650
Finance lease and HP contracts33,57325,346
Total66,34444,085
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Other creditors93,08590,969
Total93,08590,969
11.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts93,08590,969