REGISTERED NUMBER: SC242021 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

R&A Turriff Contractors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J Turriff

Mr R A J Turriff

REGISTERED OFFICE:

27 Finlayson Street

Fraserburgh

Aberdeenshire

AB43 9JQ

REGISTERED NUMBER:

SC242021 (Scotland)

ACCOUNTANTS:

SBP

Accountants

27 Finlayson Street

Fraserburgh

Aberdeenshire

AB43 9JQ

FIXED ASSETS

Tangible assets

4

115,586

132,148

CURRENT ASSETS

Debtors

5

11,513

20,829

CREDITORS

Amounts falling due within one year

6

89,411

90,459

NET CURRENT LIABILITIES

(77,898

)

(69,630

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,688

62,518

CREDITORS

Amounts falling due after more than one year

7

(14,756

)

(39,704

)

PROVISIONS FOR LIABILITIES

(11,726

)

(24,406

)

NET ASSETS/(LIABILITIES)

11,206

(1,592

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

11,204

(1,594

)

SHAREHOLDERS' FUNDS

11,206

(1,592

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2026 and were signed on its behalf by:

Mr R A J Turriff - Director

1.	STATUTORY INFORMATION

R&A Turriff Contractors 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

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.

Buildings

-

10% on cost

Implements

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Buildings

Implements

vehicles

Totals

£

£

£

£

COST

At 1 February 2025

4,620

309,820

23,000

337,440

Additions

-

5,670

7,889

13,559

At 31 January 2026

4,620

315,490

30,889

350,999

DEPRECIATION

At 1 February 2025

924

198,618

5,750

205,292

Charge for year

462

23,374

6,285

30,121

At 31 January 2026

1,386

221,992

12,035

235,413

NET BOOK VALUE

At 31 January 2026

3,234

93,498

18,854

115,586

At 31 January 2025

3,696

111,202

17,250

132,148

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

Motor

Implements

vehicles

Totals

£

£

£

COST

At 1 February 2025

172,500

23,000

195,500

Transfer to ownership

(60,500

)

-

(60,500

)

At 31 January 2026

112,000

23,000

135,000

DEPRECIATION

At 1 February 2025

80,672

5,750

86,422

Charge for year

13,002

4,313

17,315

Transfer to ownership

(33,682

)

-

(33,682

)

At 31 January 2026

59,992

10,063

70,055

NET BOOK VALUE

At 31 January 2026

52,008

12,937

64,945

At 31 January 2025

91,828

17,250

109,078

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

10,319

20,829

Prepayments and accrued income

1,194

-

11,513

20,829

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

27,776

38,777

Hire purchase contracts

24,125

32,219

Trade creditors

3,643

4,850

Social security and other taxes

834

-

VAT

2,649

1,216

Directors' current accounts

27,680

11,169

Accrued expenses

2,704

2,228

89,411

90,459

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans - 1-2 years

-

1,300

Hire purchase contracts

14,756

38,404

14,756

39,704

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R A J Turriff.