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REGISTERED NUMBER: SC335824 (Scotland)












Financial Statements for the Year Ended 31 December 2023

for

IAN J ROBB MECHANICAL LTD

IAN J ROBB MECHANICAL LTD (REGISTERED NUMBER: SC335824)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IAN J ROBB MECHANICAL LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: IJ Robb





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC335824 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

IAN J ROBB MECHANICAL LTD (REGISTERED NUMBER: SC335824)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 6,000
Tangible assets 5 31,438 8,870
37,438 14,870

CURRENT ASSETS
Debtors 6 16,681 14,699
Cash at bank 179,802 203,723
196,483 218,422
CREDITORS
Amounts falling due within one year 7 88,395 95,504
NET CURRENT ASSETS 108,088 122,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,526

137,788

PROVISIONS FOR LIABILITIES 8 5,974 1,686
NET ASSETS 139,552 136,102

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 139,551 136,101
SHAREHOLDERS' FUNDS 139,552 136,102

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

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

IAN J ROBB MECHANICAL LTD (REGISTERED NUMBER: SC335824)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





IJ Robb - Director


IAN J ROBB MECHANICAL LTD (REGISTERED NUMBER: SC335824)

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

1. STATUTORY INFORMATION

Ian J Robb Mechanical 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 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 2008, is not being amortised.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 material 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.

IAN J ROBB MECHANICAL LTD (REGISTERED NUMBER: SC335824)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 6,000
NET BOOK VALUE
At 31 December 2023 6,000
At 31 December 2022 6,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 11,310 27,783 424 39,517
Additions - 29,226 - 29,226
Disposals - (12,500 ) - (12,500 )
At 31 December 2023 11,310 44,509 424 56,243
DEPRECIATION
At 1 January 2023 6,428 23,812 407 30,647
Charge for year 1,252 3,177 4 4,433
Eliminated on disposal - (10,275 ) - (10,275 )
At 31 December 2023 7,680 16,714 411 24,805
NET BOOK VALUE
At 31 December 2023 3,630 27,795 13 31,438
At 31 December 2022 4,882 3,971 17 8,870

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,681 14,699

IAN J ROBB MECHANICAL LTD (REGISTERED NUMBER: SC335824)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,402
Taxation and social security 1,975 7,853
Other creditors 86,420 85,249
88,395 95,504

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Other timing differences 5,974 1,686

Deferred
tax
£   
Balance at 1 January 2023 1,686
Provided during year 4,288
Balance at 31 December 2023 5,974

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 (2022 - £5,000) were paid to the director .

The company was under the control of I J Robb, the director, throughout the current and previous year.

During the year the director advanced the company net amounts totalling £1,127. As at 31 December 2023 included within other creditors is a balance outstanding due to the director of £85,651 (2022 - £84,524). No interest was paid on this loan.