Company Registration No. SC059634 (Scotland)
R & I NEISH LIMITED
Unaudited accounts
for the year ended 31 March 2023
R & I NEISH LIMITED
Unaudited accounts
Contents
R & I NEISH LIMITED
Company Information
for the year ended 31 March 2023
Directors
Mrs A M Anderson
Miss L Anderson
Company Number
SC059634 (Scotland)
Registered Office
4 CRAIG END ROAD
ELLON
ABERDEENSHIRE
AB41 9FB
Accountants
B4Bookkeeping Ltd
1 Lincoln House
Tangmere
Chichester
West Sussex
PO20 2FS
R & I NEISH LIMITED
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
221,182
311,507
Creditors: amounts falling due within one year
6,928
(10,480)
Net current assets
282,403
380,217
Net assets
283,014
381,437
Called up share capital
79,500
79,500
Profit and loss account
203,514
301,937
Shareholders' funds
283,014
381,437
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by
Miss L Anderson
Director
Company Registration No. SC059634
R & I NEISH LIMITED
Notes to the Accounts
for the year ended 31 March 2023
R & I NEISH LIMITED is a private company, limited by shares, registered in Scotland, registration number SC059634. The registered office is 4 CRAIG END ROAD, ELLON, ABERDEENSHIRE, AB41 9FB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
not provided
Plant & machinery
15% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
50% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
R & I NEISH LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
534,695
10,556
4,873
550,124
At 31 March 2023
534,695
10,556
4,873
550,124
At 1 April 2022
534,695
10,556
3,653
548,904
Charge for the year
-
-
609
609
At 31 March 2023
534,695
10,556
4,262
549,513
At 31 March 2023
-
-
611
611
At 31 March 2022
-
-
1,220
1,220
Amounts falling due within one year
Other debtors
54,138
79,190
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(7,440)
(89)
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
