RBT UNDERFLOOR LIMITED

Company Registration Number:
SC459693 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2021

Period of accounts

Start date: 1 January 2021

End date: 31 December 2021

RBT UNDERFLOOR LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Additional notes
Balance sheet notes

RBT UNDERFLOOR LIMITED

Balance sheet

As at 31 December 2021

Notes 2021 2020


£

£
Fixed assets
Tangible assets: 3 6,404 1,363
Total fixed assets: 6,404 1,363
Current assets
Stocks: 4 141,165 104,419
Debtors: 5 196,907 137,541
Cash at bank and in hand: 145,231 58,394
Total current assets: 483,303 300,354
Creditors: amounts falling due within one year: 6 ( 210,816 ) ( 141,169 )
Net current assets (liabilities): 272,487 159,185
Total assets less current liabilities: 278,891 160,548
Creditors: amounts falling due after more than one year: 7 ( 39,690 ) ( 50,000 )
Provision for liabilities: ( 1,217 )
Total net assets (liabilities): 237,984 110,548
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 237,884 110,448
Total Shareholders' funds: 237,984 110,548

The notes form part of these financial statements

RBT UNDERFLOOR LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 9 May 2022
and signed on behalf of the board by:

Name: Michael Stuart Allan
Status: Director

The notes form part of these financial statements

RBT UNDERFLOOR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:Plant and machinery - 25% reducing balance

    Valuation information and policy

    Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

    Other accounting policies

    Government grantsGrants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

RBT UNDERFLOOR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 6 5

RBT UNDERFLOOR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2021 12,202 12,202
Additions 7,175 7,175
Disposals
Revaluations
Transfers
At 31 December 2021 19,377 19,377
Depreciation
At 1 January 2021 10,839 10,839
Charge for year 2,134 2,134
On disposals
Other adjustments
At 31 December 2021 12,973 12,973
Net book value
At 31 December 2021 6,404 6,404
At 31 December 2020 1,363 1,363

RBT UNDERFLOOR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Stocks

2021 2020
£ £
Stocks 141,165 104,419
Total 141,165 104,419

RBT UNDERFLOOR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Debtors

2021 2020
£ £
Trade debtors 196,907 110,085
Other debtors 27,456
Total 196,907 137,541

RBT UNDERFLOOR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Creditors: amounts falling due within one year note

2021 2020
£ £
Bank loans and overdrafts 9,526
Trade creditors 117,069 20,775
Taxation and social security 30,076 42,678
Accruals and deferred income 7,071 49,368
Other creditors 47,074 28,348
Total 210,816 141,169

RBT UNDERFLOOR LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

7. Creditors: amounts falling due after more than one year note

2021 2020
£ £
Bank loans and overdrafts 39,690 50,000
Total 39,690 50,000