J&L Roadsurfacing Scotland Ltd 30/09/2024 iXBRL

Company registration number: SC641400

J&L Roadsurfacing Scotland Ltd

Unaudited filleted financial statements

30 September 2024

J&L Roadsurfacing Scotland Ltd

Statement of financial position

30 September 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	125,815		201,237
		_______		_______
			125,815		201,237

Current assets
Debtors	6	650,492		552,481
Cash at bank and in hand		2,888		15,085
		_______		_______
		653,380		567,566
Creditors: amounts falling due
within one year	7	( 692,380)		( 537,981)
		_______		_______
Net current (liabilities)/assets			( 39,000)		29,585
			_______		_______
Total assets less current liabilities			86,815		230,822

Creditors: amounts falling due
after more than one year	8		( 47,204)		( 85,345)
			_______		_______
Net assets			39,611		145,477
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			39,609		145,475
			_______		_______
Shareholders funds			39,611		145,477
			_______		_______

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr Leonard Hendry

Director

Company registration number: SC641400

J&L Roadsurfacing Scotland Ltd

Statement of changes in equity

Year ended 30 September 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 October 2022	2	162,116	162,118

(Loss)/profit for the year		23,359	23,359
	_______	_______	_______
Total comprehensive income for the year	-	23,359	23,359

Dividends paid and payable		( 40,000)	( 40,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 40,000)	( 40,000)

	_______	_______	_______
At 30 September 2023 and 1 October 2023	2	145,475	145,477

(Loss)/profit for the year		( 35,866)	( 35,866)
	_______	_______	_______
Total comprehensive income for the year	-	( 35,866)	( 35,866)

Dividends paid and payable		( 70,000)	( 70,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 70,000)	( 70,000)

	_______	_______	_______
At 30 September 2024	2	39,609	39,611
	_______	_______	_______

J&L Roadsurfacing Scotland Ltd

Notes to the financial statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 11b Humbie Holdings, Kirknewton, West Lothian, EH27 8DS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).

The aggregate payroll costs incurred during the year were:

	2024	2023
	£	£
Wages and salaries	123,928	86,517
Social security costs	5,202	1,604
Other pension costs	529	316
	_______	_______
	129,659	88,437
	_______	_______

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2023	115,485	-	240,127	355,612
Additions	12,785	748	-	13,533
Disposals	-	-	( 29,601)	( 29,601)
	_______	_______	_______	_______
At 30 September 2024	128,270	748	210,526	339,544
	_______	_______	_______	_______
Depreciation
At 1 October 2023	33,447	-	120,928	154,375
Charge for the year	25,806	-	33,548	59,354
	_______	_______	_______	_______
At 30 September 2024	59,253	-	154,476	213,729
	_______	_______	_______	_______
Carrying amount
At 30 September 2024	69,017	748	56,050	125,815
	_______	_______	_______	_______
At 30 September 2023	82,038	-	119,199	201,237
	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	40,325	74,536
Other debtors	610,167	477,945
	_______	_______
	650,492	552,481
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	61,040	97,553
Corporation tax	22,729	23,138
Social security and other taxes	17,813	8,115
Other creditors	580,798	399,175
	_______	_______
	692,380	537,981
	_______	_______

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	8,346	18,342
Other creditors	38,858	67,003
	_______	_______
	47,204	85,345
	_______	_______