R & C Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC257642 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

R & C Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C N Simpson

Mr R J Knowles

SECRETARY:

Mrs L A Simpson

REGISTERED OFFICE:

29 Corse Wynd

Kingswells

Aberdeen

AB15 8TP

REGISTERED NUMBER:

SC257642 (Scotland)

ACCOUNTANTS:

Carnegie Knox (Scotland) Limited

R & A House Woodburn Road

Blackburn

Aberdeen

Aberdeenshire

AB21 0PS

FIXED ASSETS

Tangible assets

4

20,255

27,359

CURRENT ASSETS

Debtors

5

26,057

17,176

Cash at bank

31,067

13,378

57,124

30,554

CREDITORS

Amounts falling due within one year

6

46,392

34,548

NET CURRENT ASSETS/(LIABILITIES)

10,732

(3,994

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,987

23,365

CREDITORS

Amounts falling due after more than one year

7

(12,242

)

(17,891

)

PROVISIONS FOR LIABILITIES

(4,051

)

(5,472

)

NET ASSETS

14,694

2

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

14,692

-

SHAREHOLDERS' FUNDS

14,694

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 9 October 2018 and were signed on its behalf by:

Mr C N Simpson - Director

Mr R J Knowles - Director

1.	STATUTORY INFORMATION

R & C Construction Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

3,398

33,758

2,818

39,974

DEPRECIATION

At 1 April 2017

3,226

6,752

2,637

12,615

Charge for year

172

6,751

181

7,104

At 31 March 2018

3,398

13,503

2,818

19,719

NET BOOK VALUE

At 31 March 2018

-

20,255

-

20,255

At 31 March 2017

172

27,006

181

27,359

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

15,989

13,757

Prepayments and accrued income

10,068

3,419

26,057

17,176

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

5,650

5,650

Tax

10,151

(3,863

)

Social security and other taxes

1,157

1,382

VAT

7,759

9,190

Directors' current accounts

20,905

20,769

Accrued expenses

770

1,420

46,392

34,548

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

12,242

17,891

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

Profit for the year

37,592

Dividends

(22,900

)

At 31 March 2018

14,692

10.	RELATED PARTY DISCLOSURES

At the year-end Mr C Simpson is due £11,194 from the company and Mr R Knowles is due £9,711 from the

company.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are C N Simpson and R J Knowles by virtue of each owning 50% of the issued

share capital.