JR CONTRACTORS SCOTLAND LIMITED


Director	WATSON, James Dylan


Company Secretary	BRYDEN, Carly Margaret


Registered Address	Windy Knowe
	Hindog Road
	Dalry
	KA24 5HR


Registered Number	SC468143 (Scotland)

Balance Sheet as at
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		205,057		206,743
			205,057		206,743
Current assets
Debtors		61,716		82,297
Cash at bank and on hand		5,527		22,217
		67,243		104,514
Creditors amounts falling due within one year	5	(92,312)		(206,125)
Net current assets (liabilities)			(25,069)		(101,611)
Total assets less current liabilities			179,988		105,132
Creditors amounts falling due after one year	6		(262,600)		(182,600)
Net assets			(82,612)		(77,468)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(82,712)		(77,568)
Shareholders' funds			(82,612)		(77,468)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 October 2026, and are signed on its behalf by:

WATSON, James Dylan
Director
Registered Company No. SC468143

JR CONTRACTORS SCOTLAND LIMITED

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	At 31 January 2026 the company had net liabilities of 82,612 (2025 restated: 77,468). The principal creditors are a loan of 251,000 from G M Watson and related companies, which is not due for repayment within twelve months, and the director's loan account of 42,598. The director and the lender have confirmed that they will not seek repayment of these balances until the company has sufficient resources to do so. The company also owns freehold property at a cost of 200,000. On this basis the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and the financial statements have been prepared on the going concern basis.

Going concern

At 31 January 2026 the company had net liabilities of 82,612 (2025 restated: 77,468). The principal creditors are a loan of 251,000 from G M Watson and related companies, which is not due for repayment within twelve months, and the director's loan account of 42,598. The director and the lender have confirmed that they will not seek repayment of these balances until the company has sufficient resources to do so. The company also owns freehold property at a cost of 200,000. On this basis the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and the financial statements have been prepared on the going concern basis.

	Revenue from rendering of services
	Turnover represents the value of construction and labour services provided and rental income receivable, excluding value added tax. Revenue from construction services is recognised as the work is performed, by reference to the stage of completion of each contract. Rental income is recognised on a straight-line basis over the period of the lease.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost and are stated in the balance sheet under the historic cost model, at cost less accumulated depreciation and any accumulated impairment losses. Freehold land and buildings are not depreciated, as the director considers that the residual value of the property is not less than its carrying amount. Depreciation on other assets is calculated so as to write off the cost of an asset, less its estimated residual value, over its useful economic life as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost and are stated in the balance sheet under the historic cost model, at cost less accumulated depreciation and any accumulated impairment losses. Freehold land and buildings are not depreciated, as the director considers that the residual value of the property is not less than its carrying amount. Depreciation on other assets is calculated so as to write off the cost of an asset, less its estimated residual value, over its useful economic life as follows:


		Reducing balance (%)
	Plant and machinery	25

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Prior period adjustment
	The financial statements for the year ended 31 January 2025 were prepared from the company's Xero accounting records, which only began on 24 October 2023. As a result, the opening balances brought forward from the financial statements for the year ended 31 January 2024 were omitted. In addition, corporation tax and penalties assessed by HMRC for earlier periods had not been provided for. These are material prior period errors and the comparative figures for 2025 have been restated in accordance with Section 10 of FRS 102. Reconciliation of capital and reserves at 31 January 2025: Capital and reserves as previously reported: (100,041) Freehold land and buildings at cost: 200,000 Plant and machinery at net book value (cost 15,982 less depreciation 9,239): 6,743 Bank balance not brought forward: 34,763 Loan from G M and A M S Watson used to fund the property purchase: (80,000) Director's loan account balance brought forward, net of unsupported debtors of 52,355: (92,939) Other creditors due after more than one year: (11,600) Corporation tax and penalties for periods to 31 January 2024: (30,530) PAYE liability: (3,864) Capital and reserves as restated: (77,468) The loss for the year ended 31 January 2025 has been restated from 114,077 to 116,325 to include depreciation of plant and machinery of 2,248. Capital and reserves at 31 January 2024 have been restated to 38,855, being those shown in the financial statements for the year ended 31 January 2024 as filed, less unprovided corporation tax and penalties of 34,394.

Prior period adjustment

The financial statements for the year ended 31 January 2025 were prepared from the company's Xero accounting records, which only began on 24 October 2023. As a result, the opening balances brought forward from the financial statements for the year ended 31 January 2024 were omitted. In addition, corporation tax and penalties assessed by HMRC for earlier periods had not been provided for. These are material prior period errors and the comparative figures for 2025 have been restated in accordance with Section 10 of FRS 102.

Reconciliation of capital and reserves at 31 January 2025:
Capital and reserves as previously reported: (100,041)
Freehold land and buildings at cost: 200,000
Plant and machinery at net book value (cost 15,982 less depreciation 9,239): 6,743
Bank balance not brought forward: 34,763
Loan from G M and A M S Watson used to fund the property purchase: (80,000)
Director's loan account balance brought forward, net of unsupported debtors of 52,355: (92,939)
Other creditors due after more than one year: (11,600)
Corporation tax and penalties for periods to 31 January 2024: (30,530)
PAYE liability: (3,864)
Capital and reserves as restated: (77,468)

The loss for the year ended 31 January 2025 has been restated from 114,077 to 116,325 to include depreciation of plant and machinery of 2,248. Capital and reserves at 31 January 2024 have been restated to 38,855, being those shown in the financial statements for the year ended 31 January 2024 as filed, less unprovided corporation tax and penalties of 34,394.

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 February 25	200,000	15,982	215,982
At 31 January 26	200,000	15,982	215,982
Depreciation and impairment
At 01 February 25	-	9,239	9,239
Charge for year	-	1,686	1,686
At 31 January 26	-	10,925	10,925
Net book value
At 31 January 26	200,000	5,057	205,057
At 31 January 25	200,000	6,743	206,743

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	46,548	34,394
Other creditors	45,764	171,731
Total	92,312	206,125

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	262,600	182,600
Total	262,600	182,600

7.	Related party transactions
	At the year end the company owed 251,000 (2025 restated: 171,000) to G M Watson, the father of the director, and companies under his control including Capital Steel Ltd. The loan is unsecured and has no fixed terms of repayment. At the year end the company owed the director, J D Watson, 42,598 (2025 restated: 171,731) on his director's loan account. The balance is unsecured and has no fixed terms of repayment. During the year the company traded with Capital Steel Ltd, a company controlled by G M Watson, on normal commercial terms.

Related party transactions

At the year end the company owed 251,000 (2025 restated: 171,000) to G M Watson, the father of the director, and companies under his control including Capital Steel Ltd. The loan is unsecured and has no fixed terms of repayment.

At the year end the company owed the director, J D Watson, 42,598 (2025 restated: 171,731) on his director's loan account. The balance is unsecured and has no fixed terms of repayment.

During the year the company traded with Capital Steel Ltd, a company controlled by G M Watson, on normal commercial terms.