1 April 2023 false No description of principal activity Taxfiler 2024.5 SC502474business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC5024742023-03-31 SC5024742023-04-012024-03-31 SC502474business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SC502474business:FilletedAccounts2023-04-012024-03-31 SC5024742024-03-31 SC502474business:Director12023-04-012024-03-31 SC502474business:RegisteredOffice2023-04-012024-03-31 SC5024742023-03-31 SC502474core:WithinOneYear2024-03-31 SC502474core:WithinOneYear2023-03-31 SC502474core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC502474core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC502474core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC502474core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC502474core:PreviouslyStatedAmount2024-03-31 SC502474core:PreviouslyStatedAmount2023-03-31 SC502474business:SmallEntities2023-04-012024-03-31 SC502474countries:Scotland2023-04-012024-03-31 SC5024742022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC502474 (Scotland)
W Rae Contracts Limited Accounts for the year ended 31 March 2024
W Rae Contracts Limited Accounts Contents
Page
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W Rae Contracts Limited Company Information for the year ended 31 March 2024
Director
W Rae
Company Number
SC502474 (Scotland)
Registered Office
1 SAUGHTON MAINS GROVE EDINBURGH EH11 3PQ SCOTLAND
Accountants
Norman Hewitt Falkirk Business Hub 45 Vicar Street FALKIRK Scotland FK1 1LL
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W Rae Contracts Limited Accountants' report
Accountants' report to the director of W Rae Contracts Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of W Rae Contracts Limited for the year ended 31 March 2024 as set out on pages 5 - 6 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 W Rae Contracts 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 W Rae Contracts 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 W Rae Contracts Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that W Rae Contracts 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 profit of W Rae Contracts Limited. You consider that W Rae Contracts 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 W Rae Contracts 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.
Norman Hewitt Falkirk Business Hub 45 Vicar Street FALKIRK Scotland FK1 1LL 5 September 2024
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W Rae Contracts Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
2,965 
- 
Cash at bank and in hand
231,231 
170,962 
234,196 
170,962 
Creditors: amounts falling due within one year
6,880 
9,232 
Net current assets
241,076 
180,194 
Net assets
241,076 
180,194 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
241,075 
180,193 
Shareholders' funds
241,076 
180,194 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 5 September 2024 and were signed on its behalf by
W Rae Director Company Registration No. SC502474
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W Rae Contracts Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
W Rae Contracts Limited is a private company, limited by shares, registered in Scotland, registration number SC502474. The registered office is 1 SAUGHTON MAINS GROVE, EDINBURGH, EH11 3PQ, SCOTLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,965 
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
501 
Taxes and social security
(6,880)
(9,733)
(6,880)
(9,232)
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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