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REGISTERED NUMBER: SC080886 (Scotland)











ROBERTSON-ACOM LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 12

Chartered Accountants' Report 13

ROBERTSON-ACOM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mark Robertson
Robert John McLaughlin



REGISTERED OFFICE: 52 Kilnside Road
Paisley
Renfrewshire
PA1 1RN



REGISTERED NUMBER: SC080886 (Scotland)



ACCOUNTANTS: Milne Craig
Chartered Accountants
Abercorn House
79 Renfrew Road
Paisley
Renfrewshire
PA3 4DA



SOLICITORS: Macfarlane Young & Co
26 New Street
Paisley
Renfrewshire
PA1 1YB

ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,201 108,689
Investment property 5 110,000 110,000
191,201 218,689

CURRENT ASSETS
Stock and Work in Progress 6 16,500 16,500
Debtors 7 212,619 116,831
Investments 8 2,302 5,060
Cash at bank 170,736 173,118
402,157 311,509
CREDITORS
Amounts falling due within one year 9 138,636 70,476
NET CURRENT ASSETS 263,521 241,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,722

459,722

CREDITORS
Amounts falling due after more than one year 10 (33,225 ) (42,906 )

PROVISIONS FOR LIABILITIES 11 (8,862 ) (6,217 )
NET ASSETS 412,635 410,599

CAPITAL AND RESERVES
Called up share capital 41 41
Capital redemption reserve 59 59
Fair value reserve 12 35,765 35,765
Retained earnings 376,770 374,734
SHAREHOLDERS' FUNDS 412,635 410,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

BALANCE SHEET - continued
31 MARCH 2022


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 3 August 2022 and were signed on its behalf by:





Mark Robertson - Director


ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Robertson-Acom Limited is a private company, limited by shares, registered in Scotland. The company's registration number is SC080886 and the registered office address is 52 Kilnside Road, Paisley, PA1 1RN.

The nature of the Company's operations and its principal activities are that of installing door entry and CCTV systems.

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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In preparing these financial statements, the directors have made the following judgements:

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Assets are considered for indications of impairment. If required an impairment review will be carried out and a decision made on possible impairment. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Bad debts are provided for where objective evidence of the need for a provision exists.

Inventories are assessed for evidence of obsolescence and a provision is made against any inventory unlikely to be sold, or where stock is sold post year end at a loss.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Consideration is given to the point at which the Company is entitled to receive the income, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due;
- the costs incurred can be measured reliably.

ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Government grants
Government grants received have been recognised in the period to which the related revenue expenditure has been incurred. The company has benefited from the Coronavirus Job Retention Scheme amounting to £39,271 (2021- £153,812).

Investment property
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition
i. investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in the period that they arise; and

ii. no depreciation is provided in respect of investment properties applying the fair value model.

If a reliable measure is not available without undue cost or effort for an item of investment property, this item is thereafter accounted for as tangible fixed assets in accordance with section 17 until a reliable measure of fair value becomes available.

Stocks
Stock and work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock and work in progress to their present location and condition.

ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 ' Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

With the exception of changes arising on the initial recognition of a business combination, the tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Deferred tax assets and deferred tax liabilities are offset only if the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously.

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.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

Non-financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Financial assets
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal.

An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 13 ) .

ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2021 78,000 35,322 16,921
Additions - - -
Disposals (40,000 ) - -
At 31 March 2022 38,000 35,322 16,921
DEPRECIATION
At 1 April 2021 4,253 35,322 16,921
Charge for year 760 - -
Eliminated on disposal (4,000 ) - -
At 31 March 2022 1,013 35,322 16,921
NET BOOK VALUE
At 31 March 2022 36,987 - -
At 31 March 2021 73,747 - -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2021 134,471 9,657 274,371
Additions 20,678 - 20,678
Disposals (36,836 ) - (76,836 )
At 31 March 2022 118,313 9,657 218,213
DEPRECIATION
At 1 April 2021 99,529 9,657 165,682
Charge for year 11,405 - 12,165
Eliminated on disposal (36,835 ) - (40,835 )
At 31 March 2022 74,099 9,657 137,012
NET BOOK VALUE
At 31 March 2022 44,214 - 81,201
At 31 March 2021 34,942 - 108,689

ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 110,000
NET BOOK VALUE
At 31 March 2022 110,000
At 31 March 2021 110,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2019 35,765
Cost 74,235
110,000

6. STOCK AND WORK IN PROGRESS
2022 2021
£    £   
Stocks 14,000 14,000
Work-in-progress 2,500 2,500
16,500 16,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 192,406 96,987
Amounts owed by group undertakings - 8,630
Directors' current accounts 20,213 -
Prepayments and accrued income - 11,214
212,619 116,831

8. CURRENT ASSET INVESTMENTS
2022 2021
£    £   
Listed investments 2,302 5,060
Market value of listed investments at 31 March 2022 - £ 2,302 (2021 - £ 3,376 ).

ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,681 7,093
Trade creditors 43,633 4,043
Amounts owed to group undertakings 21,370 -
Tax 3,659 11,089
VAT 30,207 10,692
Other creditors 26,586 26,136
Directors' current accounts - 3,000
Sundry creditors & accruals 3,500 8,423
138,636 70,476

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 9,936 9,681
Bank loans - 2-5 years 23,289 30,574
Bank loans more 5 yr by instal - 2,651
33,225 42,906

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,651

11. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 8,862 6,217

Deferred
tax
£   
Balance at 1 April 2021 6,217
Originating and reversal of 2,645
timing differences
Balance at 31 March 2022 8,862

12. RESERVES
Fair
value
reserve
£   
At 1 April 2021
and 31 March 2022 35,765

ROBERTSON-ACOM LIMITED (REGISTERED NUMBER: SC080886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year one of the directors benefited from a loan from the company. The balance of this loan as at 31st March 2022 is £20,213 (2021 - £3,000 credit).

14. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Robertson- Acom 2 Ltd. The ultimate controlling party is Mark Robertson as a result of his shareholding in the parent company.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ROBERTSON-ACOM LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Robertson-Acom Limited for the year ended 31 March 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Robertson-Acom Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Robertson-Acom Limited and state those matters that we have agreed to state to the Board of Directors of Robertson-Acom Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Robertson-Acom Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Robertson-Acom Limited. You consider that Robertson-Acom Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Robertson-Acom Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Milne Craig
Chartered Accountants
Abercorn House
79 Renfrew Road
Paisley
Renfrewshire
PA3 4DA


3 August 2022