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REGISTERED NUMBER: SC430657 (Scotland)















RW (SCOTLAND) LTD.

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024






RW (SCOTLAND) LTD. (REGISTERED NUMBER: SC430657)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RW (SCOTLAND) LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: R N Gibbons
P W McNamara
J J McNamara



REGISTERED OFFICE: 11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT



BUSINESS ADDRESS: Portland Buildings
Maxwood Road
Galston
Ayrshire
KA4 8JN



REGISTERED NUMBER: SC430657 (Scotland)



ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT



BANKERS: Royal Bank of Scotland plc
96 John Finnie Street
Kilmarnock
KA1 1NY

RW (SCOTLAND) LTD. (REGISTERED NUMBER: SC430657)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,221 76,193
Investments 5 3,500 3,500
Investment property 6 - 58,620
88,721 138,313

CURRENT ASSETS
Stocks 5,750 7,500
Debtors 7 490,941 576,300
Cash at bank 181,625 143,628
678,316 727,428
CREDITORS
Amounts falling due within one year 8 450,430 515,590
NET CURRENT ASSETS 227,886 211,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,607

350,151

CREDITORS
Amounts falling due after more than one
year

9

(3,531

)

(41,730

)

PROVISIONS FOR LIABILITIES (21,305 ) (15,940 )
NET ASSETS 291,771 292,481

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 291,765 292,475
SHAREHOLDERS' FUNDS 291,771 292,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RW (SCOTLAND) LTD. (REGISTERED NUMBER: SC430657)

BALANCE SHEET - continued
31ST JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th February 2025 and were signed on its behalf by:





R N Gibbons - Director


RW (SCOTLAND) LTD. (REGISTERED NUMBER: SC430657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. STATUTORY INFORMATION

RW (Scotland) 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.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Income Statement, 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

RW (SCOTLAND) LTD. (REGISTERED NUMBER: SC430657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023 104,223
Additions 26,983
At 31st July 2024 131,206
DEPRECIATION
At 1st August 2023 28,030
Charge for year 17,955
At 31st July 2024 45,985
NET BOOK VALUE
At 31st July 2024 85,221
At 31st July 2023 76,193

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st August 2023
and 31st July 2024 3,500
NET BOOK VALUE
At 31st July 2024 3,500
At 31st July 2023 3,500

RW (SCOTLAND) LTD. (REGISTERED NUMBER: SC430657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


6. INVESTMENT PROPERTY
Total
£   
COST
At 1st August 2023 58,620
Disposals (58,620 )
At 31st July 2024 -
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 58,620

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 482,663 475,930
Other debtors 8,278 100,370
490,941 576,300

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,398 17,728
Trade creditors 84,192 376,828
Amounts owed to participating interests - 9,471
Taxation and social security 74,204 95,892
Other creditors 281,636 15,671
450,430 515,590

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,531 41,730

10. RELATED PARTY DISCLOSURES

During the year, the company paid rental charges of £14,400 and consultancy charges of £336,776 to companies in which the directors have material interests.

At the balance sheet date, £735 was due from RW (Scotland) Supplies Ltd., director. Sales totalling £9,674 were charged to this company and cost of sales and loan interest totalling £67,725 were charged by this company.

The directors have advanced the company interest free loans of £10,837. There is no fixed term of repayment.

RW (SCOTLAND) LTD. (REGISTERED NUMBER: SC430657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


11. ULTIMATE CONTROLLING PARTY

The controlling parties are R N Gibbons, P W McNamara and J J McNamara.