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
REF Engineering Ltd
Company Information
for the period from 1 April 2023 to 31 January 2024
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
REF Engineering Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
29,436
37,101
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
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
REF Engineering Ltd
Notes to the Accounts
for the period from 1 April 2023 to 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
REF Engineering Ltd
Notes to the Accounts
for the period from 1 April 2023 to 31 January 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
251
Loans from directors
21,150
21,650
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).