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REGISTERED NUMBER: SC466296 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

J&C CONTRACTS LTD

J&C CONTRACTS LTD (REGISTERED NUMBER: SC466296)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J&C CONTRACTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: J D Murphy
Mrs S A Murphy
C A Murphy





REGISTERED OFFICE: 621 Coatbridge Road
Bargeddie
Glasgow
G69 7PH





REGISTERED NUMBER: SC466296 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

J&C CONTRACTS LTD (REGISTERED NUMBER: SC466296)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 144,039 93,922

CURRENT ASSETS
Debtors 5 22,486 9,435
Cash at bank 120,925 132,053
143,411 141,488
CREDITORS
Amounts falling due within one year 6 68,475 34,447
NET CURRENT ASSETS 74,936 107,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,975

200,963

CREDITORS
Amounts falling due after more than one
year

7

(18,423

)

-

PROVISIONS FOR LIABILITIES 8 (27,367 ) (14,359 )
NET ASSETS 173,185 186,604

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 173,085 186,504
SHAREHOLDERS' FUNDS 173,185 186,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

J&C CONTRACTS LTD (REGISTERED NUMBER: SC466296)

BALANCE SHEET - continued
31 MARCH 2025


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 30 May 2025 and were signed on its behalf by:





J D Murphy - Director


J&C CONTRACTS LTD (REGISTERED NUMBER: SC466296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

J&C Contracts 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 - 15% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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
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.

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

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.

J&C CONTRACTS LTD (REGISTERED NUMBER: SC466296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 53,910 10,029 122,176 4,327 190,442
Additions 2,025 4,753 81,693 1,614 90,085
Disposals - - (33,558 ) - (33,558 )
At 31 March 2025 55,935 14,782 170,311 5,941 246,969
DEPRECIATION
At 1 April 2024 22,178 1,663 68,413 4,266 96,520
Charge for year 9,983 1,059 14,232 153 25,427
Eliminated on disposal - - (19,017 ) - (19,017 )
At 31 March 2025 32,161 2,722 63,628 4,419 102,930
NET BOOK VALUE
At 31 March 2025 23,774 12,060 106,683 1,522 144,039
At 31 March 2024 31,732 8,366 53,763 61 93,922

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 33,558
Additions 81,693
Disposals (33,558 )
At 31 March 2025 81,693
DEPRECIATION
At 1 April 2024 19,017
Charge for year 3,542
Eliminated on disposal (19,017 )
At 31 March 2025 3,542
NET BOOK VALUE
At 31 March 2025 78,151
At 31 March 2024 14,541

J&C CONTRACTS LTD (REGISTERED NUMBER: SC466296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 1,926 482
Amounts recoverable on contract 8,481 4,080
VAT 11,010 4,873
Prepayments 1,069 -
22,486 9,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 3,038 3,496
Hire purchase contracts 10,251 930
Corporation tax 13,189 23,304
Payroll taxation 4,507 1,178
Pension fund control 83 61
Wages control 2,632 1,562
Directors' current accounts 31,736 2,101
Accrued charges 3,039 1,815
68,475 34,447

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 18,423 -

8. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 27,367 14,359

Deferred
tax
£   
Balance at 1 April 2024 14,359
Provided during year 13,008
Balance at 31 March 2025 27,367

9. ULTIMATE CONTROLLING PARTY

The controlling party is J D Murphy.