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REGISTERED NUMBER: SC489857 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

RAZORBILL INSTRUMENTS LIMITED

RAZORBILL INSTRUMENTS LIMITED (REGISTERED NUMBER: SC489857)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAZORBILL INSTRUMENTS LIMITED

Company Information
for the year ended 31 October 2023







DIRECTORS: J Barraclough
C W Hicks
A J Ward





SECRETARY: A J Ward





REGISTERED OFFICE: Unit 8 Castlebrae Business Centre
Peffer Place
Edinburgh
EH16 4BB





REGISTERED NUMBER: SC489857 (Scotland)





ACCOUNTANTS: L & J Lawrie

RAZORBILL INSTRUMENTS LIMITED (REGISTERED NUMBER: SC489857)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 9,946 11,978
Tangible assets 5 38,847 29,031
48,793 41,009

CURRENT ASSETS
Stocks 142,868 134,251
Debtors 6 100,993 115,764
Cash at bank 382,033 243,229
625,894 493,244
CREDITORS
Amounts falling due within one year 7 (53,227 ) (47,442 )
NET CURRENT ASSETS 572,667 445,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,460

486,811

PROVISIONS FOR LIABILITIES (9,759 ) (7,792 )
NET ASSETS 611,701 479,019

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 4,998 4,998
Retained earnings 606,603 473,921
SHAREHOLDERS' FUNDS 611,701 479,019

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

RAZORBILL INSTRUMENTS LIMITED (REGISTERED NUMBER: SC489857)

Balance Sheet - continued
31 October 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 28 March 2024 and were signed on its behalf by:





A J Ward - Director


RAZORBILL INSTRUMENTS LIMITED (REGISTERED NUMBER: SC489857)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Razorbill Instruments 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


RAZORBILL INSTRUMENTS LIMITED (REGISTERED NUMBER: SC489857)

Notes to the Financial Statements - continued
for the year ended 31 October 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 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 25,773
AMORTISATION
At 1 November 2022 13,795
Charge for year 2,032
At 31 October 2023 15,827
NET BOOK VALUE
At 31 October 2023 9,946
At 31 October 2022 11,978

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 61,336
Additions 15,407
At 31 October 2023 76,743
DEPRECIATION
At 1 November 2022 32,305
Charge for year 5,591
At 31 October 2023 37,896
NET BOOK VALUE
At 31 October 2023 38,847
At 31 October 2022 29,031

RAZORBILL INSTRUMENTS LIMITED (REGISTERED NUMBER: SC489857)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 98,351 106,634
Other debtors 2,642 9,130
100,993 115,764

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 18,138 23,265
Taxation and social security 19,646 7,745
Other creditors 15,443 16,432
53,227 47,442