R & R TRADING (SCOTLAND) LTD.

Company Registration Number:
SC130924 (Scotland)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

R & R TRADING (SCOTLAND) LTD.

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

R & R TRADING (SCOTLAND) LTD.

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 28,400 130,200
Total fixed assets: 28,400 130,200
Current assets
Debtors:   1,000 1,000
Cash at bank and in hand: 818 792
Total current assets: 1,818 1,792
Creditors: amounts falling due within one year:   (3,154) (7,537)
Net current assets (liabilities): (1,336) (5,745)
Total assets less current liabilities: 27,064 124,455
Creditors: amounts falling due after more than one year:   (606,169) (718,572)
Total net assets (liabilities): (579,105) (594,117)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (579,205) (594,217)
Shareholders funds: (579,105) (594,117)

The notes form part of these financial statements

R & R TRADING (SCOTLAND) LTD.

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 January 2025
and signed on behalf of the board by:

Name: John Richmond
Status: Director

The notes form part of these financial statements

R & R TRADING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:- Land and buildings - Straight Line - 10% per annum

R & R TRADING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

R & R TRADING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 788,000
Disposals (150,000)
At 30 April 2024 638,000
Depreciation
At 01 May 2023 657,800
Charge for year 56,800
On disposals (105,000)
At 30 April 2024 609,600
Net book value
At 30 April 2024 28,400
At 30 April 2023 130,200