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R & A PARTNERSHIP LIMITED

Registered Number
SC250248
(Scotland)

Unaudited Financial Statements for the Year ended
31 May 2024

R & A PARTNERSHIP LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

CARTWRIGHT, Gordon Mcdonald
CROSTHWAITE, Alastair
CROSTHWAITE, Richard

Company Secretary

CARTWRIGHT, Gordon Mcdonald

Registered Address

Calderbank House
Linthills Road
Lochwinnoch
PA12 4DJ

Registered Number

SC250248 (Scotland)
R & A PARTNERSHIP LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

ASSETS
Fixed assets
Tangible assets386,27586,275
86,27586,275
Current assets
Debtors410,73410,734
Cash at bank and in hand1,769522
12,50311,256
12,50311,256
98,77897,531
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital150150
Profit and loss account(31,099)(30,063)
(30,949)(29,913)
Liabilities
Creditors amounts falling due within one year5112,584105,864
Creditors amounts falling due after one year617,14321,580
98,77897,531
The financial statements were approved and authorised for issue by the Board of Directors on 1 October 2024, and are signed on its behalf by:
CARTWRIGHT, Gordon Mcdonald
Director
CROSTHWAITE, Alastair
Director
CROSTHWAITE, Richard
Director

Registered Company No. SC250248
R & A PARTNERSHIP LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Trade and other debtors
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
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.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 2386,275
At 31 May 2486,275
Net book value
At 31 May 2486,275
At 31 May 2386,275
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables10,73410,734
Total10,73410,734
5.Creditors: amounts due within one year

2024

2023

££
Other creditors111,102105,102
Accrued liabilities and deferred income1,482762
Total112,584105,864
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts17,14321,580
Total17,14321,580