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REGISTERED NUMBER: SC470391 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

R&W CONSTRUCTION LTD

R&W CONSTRUCTION LTD (REGISTERED NUMBER: SC470391)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R&W CONSTRUCTION LTD

COMPANY INFORMATION
for the year ended 29 FEBRUARY 2024







DIRECTORS: W F Craig
R J Mcconnell





REGISTERED OFFICE: 39 Torbracken
Howwood
PA9 1DX





REGISTERED NUMBER: SC470391 (Scotland)






R&W CONSTRUCTION LTD (REGISTERED NUMBER: SC470391)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,666 31,583

CURRENT ASSETS
Debtors 5 34,426 52,355
Cash at bank 1 129
34,427 52,484
CREDITORS
Amounts falling due within one year 6 (39,678 ) (59,545 )
NET CURRENT LIABILITIES (5,251 ) (7,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,415

24,522

CREDITORS
Amounts falling due after more than one year 7 (12,496 ) (18,968 )

PROVISIONS FOR LIABILITIES (5,917 ) (6,001 )
NET ASSETS/(LIABILITIES) 2 (447 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings - (449 )
SHAREHOLDERS' FUNDS 2 (447 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

R&W CONSTRUCTION LTD (REGISTERED NUMBER: SC470391)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 19 February 2025 and were signed on its behalf by:




W F Craig - Director



R J Mcconnell - Director


R&W CONSTRUCTION LTD (REGISTERED NUMBER: SC470391)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 FEBRUARY 2024

1. STATUTORY INFORMATION

R&W Construction Ltd is a private company, limited by shares, registered in Scotland, registration number SC470391. The registered office is 39 Torbracken, Howwood, PA9 1DX.

The principal activity of the company is construction services.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Going concern
These financial statements have been prepared on the going concern basis despite the fact that Statement of Financial Position is showing a net current liability position of the Company. After reviewing the company's forecasts and projections, together with the continued support from shareholders and investors, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements

Significant judgements and estimates
In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

There are no significant judgements or estimates used in the preparation of these accounts.

Turnover
Turnover is measured at the fair value of work done in the year, excluding value added tax.

Services
Income from construction services is recognised when performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment if events or changes in circumstances indicate the carrying values may not be reasonable.

R&W CONSTRUCTION LTD (REGISTERED NUMBER: SC470391)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

Taxation
Taxation for the year comprises current only. 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 54,317
DEPRECIATION
At 1 March 2023 22,734
Charge for year 7,917
At 29 February 2024 30,651
NET BOOK VALUE
At 29 February 2024 23,666
At 28 February 2023 31,583

R&W CONSTRUCTION LTD (REGISTERED NUMBER: SC470391)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 34,426 52,355

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,519 28,370
Hire purchase contracts 6,139 6,139
Taxation and social security 5,814 8,306
Other creditors 12,206 16,730
39,678 59,545

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 12,496 18,968

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
W F Craig
Balance outstanding at start of year 18,742 5,816
Amounts advanced - 12,926
Amounts repaid (10,920 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,822 18,742

R J Mcconnell
Balance outstanding at start of year 18,742 5,816
Amounts advanced - 12,926
Amounts repaid (7,315 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,427 18,742