1 April 2023 false No description of principal activity Taxfiler 2023.14 SC652889business:PrivateLimitedCompanyLtd2023-04-012024-01-31 SC6528892023-03-31 SC6528892023-04-012024-01-31 SC652889business:AuditExemptWithAccountantsReport2023-04-012024-01-31 SC652889business:FilletedAccounts2023-04-012024-01-31 SC6528892024-01-31 SC652889business:Director12023-04-012024-01-31 SC652889business:RegisteredOffice2023-04-012024-01-31 SC6528892023-03-31 SC652889core:WithinOneYear2024-01-31 SC652889core:WithinOneYear2023-03-31 SC652889core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC652889core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC652889core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC652889core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC652889core:PreviouslyStatedAmount2024-01-31 SC652889core:PreviouslyStatedAmount2023-03-31 SC652889business:SmallEntities2023-04-012024-01-31 SC652889countries:Scotland2023-04-012024-01-31 SC652889core:PlantMachinery2023-04-012024-01-31 SC652889core:PlantMachinery2023-03-31 SC652889core:PlantMachinery2024-01-31 SC652889business:OrdinaryShareClass12023-04-012024-01-31 SC652889business:OrdinaryShareClass12022-04-012023-03-31 SC6528892022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC652889 (Scotland)
REF Engineering Ltd Unaudited accounts for the period from 1 April 2023 to 31 January 2024
REF Engineering Ltd Unaudited accounts Contents
Page
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REF Engineering Ltd Company Information for the period from 1 April 2023 to 31 January 2024
Director
Russell Fulton
Company Number
SC652889 (Scotland)
Registered Office
40 PROVOST MILNE GARDENS ARBROATH DD11 5FG SCOTLAND
Accountants
Lavelle Business Consultancy Ltd 1 Woodlands Gate Thornliebank Glasgow G46 7SS
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REF Engineering Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
2,670 
Current assets
Debtors
- 
1,337 
Cash at bank and in hand
29,436 
37,101 
29,436 
38,438 
Creditors: amounts falling due within one year
(22,250)
(22,701)
Net current assets
7,186 
15,737 
Total assets less current liabilities
7,186 
18,407 
Provisions for liabilities
Deferred tax
(447)
(447)
Net assets
6,739 
17,960 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,738 
17,959 
Shareholders' funds
6,739 
17,960 
For the period ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 March 2024 and were signed on its behalf by
Russell Fulton Director Company Registration No. SC652889
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REF Engineering Ltd Notes to the Accounts for the period from 1 April 2023 to 31 January 2024
1
Statutory information
REF Engineering Ltd is a private company, limited by shares, registered in Scotland, registration number SC652889. The registered office is 40 PROVOST MILNE GARDENS, ARBROATH, DD11 5FG, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
5,530 
Disposals
(5,530)
At 31 January 2024
- 
Depreciation
At 1 April 2023
2,860 
On disposals
(2,860)
At 31 January 2024
- 
Net book value
At 31 January 2024
- 
At 31 March 2023
2,670 
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REF Engineering Ltd Notes to the Accounts for the period from 1 April 2023 to 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,337 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
251 
Loans from directors
21,150 
21,650 
Accruals
1,100 
800 
22,250 
22,701 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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