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REGISTERED NUMBER: SC631562 (Scotland)












Financial Statements for the Year Ended 30 April 2024

for

RGL ELECTRICAL & JOINERY LTD

RGL ELECTRICAL & JOINERY LTD (REGISTERED NUMBER: SC631562)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RGL ELECTRICAL & JOINERY LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R G Leith





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC631562 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

RGL ELECTRICAL & JOINERY LTD (REGISTERED NUMBER: SC631562)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45 878

CURRENT ASSETS
Stocks 250 250
Debtors 5 - 798
Cash at bank 306 101
556 1,149
CREDITORS
Amounts falling due within one year 6 3,245 7,621
NET CURRENT LIABILITIES (2,689 ) (6,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,644

)

(5,594

)

CREDITORS
Amounts falling due after more than one
year

7

12,915

14,569
NET LIABILITIES (15,559 ) (20,163 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (15,560 ) (20,164 )
SHAREHOLDERS' FUNDS (15,559 ) (20,163 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RGL ELECTRICAL & JOINERY LTD (REGISTERED NUMBER: SC631562)

Balance Sheet - continued
30 April 2024


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2024 and were signed by:





R G Leith - Director


RGL ELECTRICAL & JOINERY LTD (REGISTERED NUMBER: SC631562)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

RGL Electrical & Joinery Ltd 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

RGL ELECTRICAL & JOINERY LTD (REGISTERED NUMBER: SC631562)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,130 12,169 13,299
DEPRECIATION
At 1 May 2023 803 11,618 12,421
Charge for year 282 551 833
At 30 April 2024 1,085 12,169 13,254
NET BOOK VALUE
At 30 April 2024 45 - 45
At 30 April 2023 327 551 878

RGL ELECTRICAL & JOINERY LTD (REGISTERED NUMBER: SC631562)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 9,969
DEPRECIATION
At 1 May 2023 9,968
Charge for year 1
At 30 April 2024 9,969
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 798

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,000 3,911
Hire purchase contracts 1,523 1,662
Taxation and social security (476 ) 1,874
Other creditors 198 174
3,245 7,621

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,915 13,045
Hire purchase contracts - 1,524
12,915 14,569

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £7,064 were paid to the director .

RGL ELECTRICAL & JOINERY LTD (REGISTERED NUMBER: SC631562)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. RELATED PARTY DISCLOSURES - continued

The company was under control of R G Leith throughout the current and previous year.

During the year the director repaid the company net amounts totalling £798. As at 30 April 2024 included within other debtors is a balance outstanding due to the company of £0 (2023 - £798).