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REGISTERED NUMBER: SC041420 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

ROBERTSONS OF TAIN LIMITED

ROBERTSONS OF TAIN LIMITED (REGISTERED NUMBER: SC041420)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROBERTSONS OF TAIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: C U D Robertson
M U D Robertson
M J Robertson





SECRETARY: M J Robertson





REGISTERED OFFICE: Shore Road
Tain
Ross-Shire
IV19 1HY





REGISTERED NUMBER: SC041420 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

ROBERTSONS OF TAIN LIMITED (REGISTERED NUMBER: SC041420)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 100,000
Tangible assets 5 428,388 457,125
528,388 557,125

CURRENT ASSETS
Stocks 335,961 350,627
Debtors 6 147,738 125,803
Cash at bank and in hand 35,861 17,980
519,560 494,410
CREDITORS
Amounts falling due within one year 7 316,611 294,083
NET CURRENT ASSETS 202,949 200,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,337

757,452

PROVISIONS FOR LIABILITIES 18,898 12,283
NET ASSETS 712,439 745,169

CAPITAL AND RESERVES
Called up share capital 16,000 16,000
Revaluation reserve 8 141,065 141,065
Retained earnings 555,374 588,104
712,439 745,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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.

ROBERTSONS OF TAIN LIMITED (REGISTERED NUMBER: SC041420)

BALANCE SHEET - continued
30TH JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2024 and were signed on its behalf by:





C U D Robertson - Director


ROBERTSONS OF TAIN LIMITED (REGISTERED NUMBER: SC041420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Robertsons Of Tain Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks 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 stocks to their present location and condition.

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

Current or deferred 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.

ROBERTSONS OF TAIN LIMITED (REGISTERED NUMBER: SC041420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 100,000
NET BOOK VALUE
At 30th June 2023 100,000
At 30th June 2022 100,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2022 367,982 334,346 702,328
Additions - 1,746 1,746
Disposals - (41,864 ) (41,864 )
At 30th June 2023 367,982 294,228 662,210
DEPRECIATION
At 1st July 2022 36,043 209,160 245,203
Charge for year 3,013 15,967 18,980
Eliminated on disposal - (30,361 ) (30,361 )
At 30th June 2023 39,056 194,766 233,822
NET BOOK VALUE
At 30th June 2023 328,926 99,462 428,388
At 30th June 2022 331,939 125,186 457,125

ROBERTSONS OF TAIN LIMITED (REGISTERED NUMBER: SC041420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 122,504 125,803
Other debtors 25,234 -
147,738 125,803

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 79,100 71,212
Trade creditors 145,064 116,146
Taxation and social security 32,367 15,911
Other creditors 60,080 90,814
316,611 294,083

8. RESERVES
Revaluation
reserve
£   
At 1st July 2022
and 30th June 2023 141,065