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Unaudited Financial Statements for the Year Ended 30 September 2022 |
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JR Specialist Services Ltd |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 September 2022 |
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for |
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JR Specialist Services Ltd |
JR Specialist Services Ltd (Registered number: SC358973) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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JR Specialist Services Ltd |
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Company Information |
for the Year Ended 30 September 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Cooper Building |
505 Great Western Road |
Glasgow |
G12 8HN |
JR Specialist Services Ltd (Registered number: SC358973) |
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Balance Sheet |
30 September 2022 |
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30.9.22 | 30.9.21 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
JR Specialist Services Ltd (Registered number: SC358973) |
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Balance Sheet - continued |
30 September 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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JR Specialist Services Ltd (Registered number: SC358973) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2022 |
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1. | STATUTORY INFORMATION |
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JR Specialist Services Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive |
of VAT. |
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In respect of long-term contracts and contracts for on-going services, turnover represents the value of work |
done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts |
and contracts for on-going services is recognised by reference to the stage of completion. |
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Tangible fixed assets |
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Computer equipment | - |
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Stocks and work in progress |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
and slow moving items. |
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When the outcome of a construction contract can be estimated reliably, contract revenue and contract costs are recognised as revenue and expenses respectively by reference to the stage of completion of the contract activity at the balance sheet date. When the outcome of the contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs that are likely to be recoverable. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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JR Specialist Services Ltd (Registered number: SC358973) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 October 2021 |
and 30 September 2022 |
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DEPRECIATION |
At 1 October 2021 |
and 30 September 2022 |
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NET BOOK VALUE |
At 30 September 2022 |
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JR Specialist Services Ltd (Registered number: SC358973) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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COST |
At 1 October 2021 |
and 30 September 2022 |
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DEPRECIATION |
At 1 October 2021 |
and 30 September 2022 |
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NET BOOK VALUE |
At 30 September 2022 |
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At 30 September 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
30.9.22 | 30.9.21 |
£ | £ |
Hire purchase contracts |
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JR Specialist Services Ltd (Registered number: SC358973) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
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8. | RELATED PARTY DISCLOSURES |
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At 30 September 2022 £1,657 (2021 - £1,633) was due to JR Scaffold Services Limited , and is included in creditors. |
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During the year the company purchased goods and services to the value of £5,290 (2021 - £9,364) from JR Scaffold Services Limited and sold goods to the value of £nil (2020 £nil) |
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Also at 30 September 2022 £124,524 (2021 - £28,705) was due to JR Construction (Scotland) Limited and is included in creditors. |
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During the year the company sold goods and services to the value of £1,284,917 (2021 - £1,991,618) to JR Construction (Scotland) Limited. |
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During the year the company sold goods and services to the value of £88,004 (2021 - £82,363) to DC Timber Ltd |
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During the year the company bought goods and services to the value of £483,645 (2021 - £nil) to DC Timber Ltd |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate parent company is J R Construction Holdings Limited, which is registered in Scotland. |