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REGISTERED NUMBER: SC194706 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Ram-Tech Hydraulics Ltd.

Ram-Tech Hydraulics Ltd. (Registered number: SC194706)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ram-Tech Hydraulics Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr J J Hendry





REGISTERED OFFICE: Westknock
Stuartfield
Peterhead
Aberdeenshire
AB42 5DJ





REGISTERED NUMBER: SC194706 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Ram-Tech Hydraulics Ltd. (Registered number: SC194706)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 145,681 162,979
145,681 162,979

CURRENT ASSETS
Stocks 15,000 12,000
Debtors 6 160,456 89,476
Cash at bank 375,650 306,675
551,106 408,151
CREDITORS
Amounts falling due within one year 7 118,819 66,020
NET CURRENT ASSETS 432,287 342,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,968

505,110

PROVISIONS FOR LIABILITIES 14,681 13,964
NET ASSETS 563,287 491,146

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 560,287 488,146
SHAREHOLDERS' FUNDS 563,287 491,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ram-Tech Hydraulics Ltd. (Registered number: SC194706)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 17 October 2023 and were signed by:





Mr J J Hendry - Director


Ram-Tech Hydraulics Ltd. (Registered number: SC194706)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ram-Tech Hydraulics Ltd. 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 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.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point goods and services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013 has been amortised over its estimated useful life of five years and is now fully written down.

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 - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Ram-Tech Hydraulics Ltd. (Registered number: SC194706)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,600
AMORTISATION
At 1 April 2022
and 31 March 2023 10,600
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 136,126 136,651 375
Additions - 113 -
At 31 March 2023 136,126 136,764 375
DEPRECIATION
At 1 April 2022 37,979 100,805 288
Charge for year 5,445 5,394 13
At 31 March 2023 43,424 106,199 301
NET BOOK VALUE
At 31 March 2023 92,702 30,565 74
At 31 March 2022 98,147 35,846 87

Ram-Tech Hydraulics Ltd. (Registered number: SC194706)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 68,490 542 342,184
Additions - 999 1,112
At 31 March 2023 68,490 1,541 343,296
DEPRECIATION
At 1 April 2022 39,596 537 179,205
Charge for year 7,223 335 18,410
At 31 March 2023 46,819 872 197,615
NET BOOK VALUE
At 31 March 2023 21,671 669 145,681
At 31 March 2022 28,894 5 162,979

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 133,210 65,059
Amounts recoverable on contract 25,833 23,259
Other debtors 1,413 1,158
160,456 89,476

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 42,779 10,730
Taxation and social security 61,884 47,782
Other creditors 14,156 7,508
118,819 66,020

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the Director.