REGISTERED NUMBER: SC466296 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

J&C CONTRACTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

160,124

144,039

CURRENT ASSETS

Debtors

5

17,819

22,486

Cash at bank

129,012

120,925

146,831

143,411

CREDITORS

Amounts falling due within one year

6

92,194

68,475

NET CURRENT ASSETS

54,637

74,936

TOTAL ASSETS LESS CURRENT LIABILITIES

214,761

218,975

CREDITORS

Amounts falling due after more than one year

7

(7,369

)

(18,423

)

PROVISIONS FOR LIABILITIES

8

(30,423

)

(27,367

)

NET ASSETS

176,969

173,185

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

176,869

173,085

SHAREHOLDERS' FUNDS

176,969

173,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 29 May 2026 and were signed on its behalf by:

J D Murphy - Director

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

55,935

14,782

170,311

5,941

246,969

Additions

3,542

3,820

47,800

2,180

57,342

Disposals

-

-

(25,940

)

-

(25,940

)

At 31 March 2026

59,477

18,602

192,171

8,121

278,371

DEPRECIATION

At 1 April 2025

32,161

2,722

63,628

4,419

102,930

Charge for year

10,452

1,737

28,328

739

41,256

Eliminated on disposal

-

-

(25,939

)

-

(25,939

)

At 31 March 2026

42,613

4,459

66,017

5,158

118,247

NET BOOK VALUE

At 31 March 2026

16,864

14,143

126,154

2,963

160,124

At 31 March 2025

23,774

12,060

106,683

1,522

144,039

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

81,693

DEPRECIATION

At 1 April 2025

3,542

Charge for year

16,339

At 31 March 2026

19,881

NET BOOK VALUE

At 31 March 2026

61,812

At 31 March 2025

78,151

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

3,335

1,926

Amounts recoverable on contract

6,009

8,481

VAT

6,663

11,010

Prepayments

1,812

1,069

17,819

22,486

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

3,489

3,038

Hire purchase contracts

11,093

10,251

Corporation tax

28,069

13,189

Payroll taxation

5,339

4,507

Pension fund control

117

83

Wages control

3,186

2,632

Directors' current accounts

37,978

31,736

Accrued charges

2,923

3,039

92,194

68,475

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

7,369

18,423

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

30,423

27,367

Deferred

tax

£

Balance at 1 April 2025

27,367

Provided during year

3,056

Balance at 31 March 2026

30,423

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J D Murphy.