1 January 2023 false No description of principal activity Taxfiler 2024.5 SC391271business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC3912712022-12-31 SC3912712023-01-012023-12-31 SC391271business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC391271business:FilletedAccounts2023-01-012023-12-31 SC3912712023-12-31 SC391271business:Director12023-01-012023-12-31 SC391271business:Director22023-01-012023-12-31 SC391271business:RegisteredOffice2023-01-012023-12-31 SC3912712022-12-31 SC391271core:WithinOneYear2023-12-31 SC391271core:WithinOneYear2022-12-31 SC391271core:AfterOneYear2023-12-31 SC391271core:AfterOneYear2022-12-31 SC391271core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC391271core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC391271core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC391271core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC391271core:PreviouslyStatedAmount2023-12-31 SC391271core:PreviouslyStatedAmount2022-12-31 SC391271business:SmallEntities2023-01-012023-12-31 SC391271countries:Scotland2023-01-012023-12-31 SC391271core:LandBuildings2023-01-012023-12-31 SC391271core:PlantMachinery2023-01-012023-12-31 SC391271core:MotorVehicles2023-01-012023-12-31 SC391271core:LandBuildings2022-12-31 SC391271core:PlantMachinery2022-12-31 SC391271core:MotorVehicles2022-12-31 SC391271core:LandBuildings2023-12-31 SC391271core:PlantMachinery2023-12-31 SC391271core:MotorVehicles2023-12-31 SC391271core:WithinOneYear2023-01-012023-12-31 SC3912712022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC391271 (Scotland)
RTR Scaffolding Ltd Unaudited accounts for the year ended 31 December 2023
RTR Scaffolding Ltd Unaudited accounts Contents
Page
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RTR Scaffolding Ltd Company Information for the year ended 31 December 2023
Directors
James Ramsay Ryan Ramsay
Company Number
SC391271 (Scotland)
Registered Office
59 NANTWICH DRIVE EDINBURGH EH7 6RB
Accountants
DC Accountancy Services (Edinburgh) Ltd 105 Forrest Place Armadale West Lothian EH48 2GZ
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RTR Scaffolding Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
562,271 
512,764 
Current assets
Debtors
445,035 
152,293 
Cash at bank and in hand
66,541 
112,913 
511,576 
265,206 
Creditors: amounts falling due within one year
(351,381)
(137,207)
Net current assets
160,195 
127,999 
Total assets less current liabilities
722,466 
640,763 
Creditors: amounts falling due after more than one year
(221,901)
(366,530)
Provisions for liabilities
Deferred tax
(121,607)
(82,625)
Net assets
378,958 
191,608 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
378,956 
191,606 
Shareholders' funds
378,958 
191,608 
For the year ending 31 December 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 2 October 2024 and were signed on its behalf by
James Ramsay Director Company Registration No. SC391271
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RTR Scaffolding Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
RTR Scaffolding Ltd is a private company, limited by shares, registered in Scotland, registration number SC391271. The registered office is 59 NANTWICH DRIVE, EDINBURGH, EH7 6RB.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Land & buildings
over 50 years
Plant & machinery
10% Reducing Balance
Motor vehicles
25% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. 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.
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RTR Scaffolding Ltd Notes to the Accounts for the year ended 31 December 2023
Pension costs
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.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
102,495 
780,941 
316,217 
1,199,653 
Additions
- 
85,227 
68,267 
153,494 
Disposals
- 
- 
(26,000)
(26,000)
At 31 December 2023
102,495 
866,168 
358,484 
1,327,147 
Depreciation
At 1 January 2023
24,600 
492,108 
170,181 
686,889 
Charge for the year
2,050 
40,135 
50,833 
93,018 
On disposals
- 
- 
(15,031)
(15,031)
At 31 December 2023
26,650 
532,243 
205,983 
764,876 
Net book value
At 31 December 2023
75,845 
333,925 
152,501 
562,271 
At 31 December 2022
77,895 
288,833 
146,036 
512,764 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
442,435 
149,693 
Accrued income and prepayments
2,600 
2,600 
445,035 
152,293 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
34,882 
38,735 
Obligations under finance leases and hire purchase contracts
58,558 
50,060 
Trade creditors
14,158 
12,006 
Taxes and social security
94,371 
23,819 
Other creditors
- 
8 
Loans from directors
136,598 
- 
Accruals
2,814 
2,579 
351,381 
137,207 
Security for the company's loans are given by way of charges over the assets of the company and personal guarantees provided by the directors.
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RTR Scaffolding Ltd Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,912 
24,796 
Obligations under finance leases and hire purchase contracts
68,597 
66,403 
Other creditors
138,392 
138,392 
Loans from directors
- 
136,939 
221,901 
366,530 
8
Average number of employees
During the year the average number of employees was 26 (2022: 22).
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