IRIS Accounts Production v24.1.0.578 SC401975 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4019752022-07-31SC4019752023-07-31SC4019752022-08-012023-07-31SC4019752021-07-31SC4019752021-08-012022-07-31SC4019752022-07-31SC401975ns15:Scotland2022-08-012023-07-31SC401975ns14:PoundSterling2022-08-012023-07-31SC401975ns10:Director12022-08-012023-07-31SC401975ns10:Director22022-08-012023-07-31SC401975ns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC401975ns10:SmallEntities2022-08-012023-07-31SC401975ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC401975ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC401975ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-31SC401975ns10:FullAccounts2022-08-012023-07-31SC401975ns10:RegisteredOffice2022-08-012023-07-31SC401975ns5:CurrentFinancialInstruments2023-07-31SC401975ns5:CurrentFinancialInstruments2022-07-31SC401975ns5:Non-currentFinancialInstruments2023-07-31SC401975ns5:Non-currentFinancialInstruments2022-07-31SC401975ns5:ShareCapital2023-07-31SC401975ns5:ShareCapital2022-07-31SC401975ns5:RetainedEarningsAccumulatedLosses2023-07-31SC401975ns5:RetainedEarningsAccumulatedLosses2022-07-31SC401975ns5:PlantMachinery2022-08-012023-07-31SC401975ns5:MotorVehicles2022-08-012023-07-31SC401975ns5:ComputerEquipment2022-08-012023-07-31SC401975ns5:PlantMachinery2022-07-31SC401975ns5:MotorVehicles2022-07-31SC401975ns5:ComputerEquipment2022-07-31SC401975ns5:PlantMachinery2023-07-31SC401975ns5:MotorVehicles2023-07-31SC401975ns5:ComputerEquipment2023-07-31SC401975ns5:PlantMachinery2022-07-31SC401975ns5:MotorVehicles2022-07-31SC401975ns5:ComputerEquipment2022-07-31SC401975ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31SC401975ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: SC401975 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Romech Facilities Management Ltd.

Romech Facilities Management Ltd. (Registered number: SC401975)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Romech Facilities Management Ltd.

Company Information
for the Year Ended 31 July 2023







DIRECTORS: R Owens
B Philbin





REGISTERED OFFICE: 107 Abercorn Street
PAISLEY
PA3 4AT





REGISTERED NUMBER: SC401975 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Romech Facilities Management Ltd. (Registered number: SC401975)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,445 97,117

CURRENT ASSETS
Stocks 232,950 2,950
Debtors 5 616,640 677,666
Cash at bank and in hand 77,910 81,837
927,500 762,453
CREDITORS
Amounts falling due within one year 6 605,364 428,877
NET CURRENT ASSETS 322,136 333,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,581

430,693

CREDITORS
Amounts falling due after more than one
year

7

(105,480

)

(117,301

)

PROVISIONS FOR LIABILITIES (18,081 ) (1,811 )
NET ASSETS 273,020 311,581

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 272,920 311,481
SHAREHOLDERS' FUNDS 273,020 311,581

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

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

Romech Facilities Management Ltd. (Registered number: SC401975)

Balance Sheet - continued
31 July 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 10 October 2023 and were signed on its behalf by:




R Owens - Director



B Philbin - Director


Romech Facilities Management Ltd. (Registered number: SC401975)

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

1. STATUTORY INFORMATION

Romech Facilities Management 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 the amount receivable for the provision of goods and services falling within the company's ordinary activities, excluding value added tax.

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

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.


Romech Facilities Management Ltd. (Registered number: SC401975)

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

2. ACCOUNTING POLICIES - continued
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.

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 18 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 2,650 128,880 19,690 151,220
Additions - 968 1,366 2,334
At 31 July 2023 2,650 129,848 21,056 153,554
DEPRECIATION
At 1 August 2022 1,812 40,344 11,947 54,103
Charge for year 209 22,376 2,421 25,006
At 31 July 2023 2,021 62,720 14,368 79,109
NET BOOK VALUE
At 31 July 2023 629 67,128 6,688 74,445
At 31 July 2022 838 88,536 7,743 97,117

Romech Facilities Management Ltd. (Registered number: SC401975)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 519,156 591,004
Other debtors 97,484 86,662
616,640 677,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,557 5,557
Hire purchase contracts 12,904 36,515
Trade creditors 469,718 301,284
Taxation and social security 50,488 45,803
Other creditors 66,697 39,718
605,364 428,877

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 32,122 37,636
Hire purchase contracts 73,358 79,665
105,480 117,301

8. RELATED PARTY DISCLOSURES

During the year, rental charges of £30,000 (2022 £24,000) were paid to R&B Property, a business of which Mr Owens & Mr Philbin are the partners. The amounts were deemed fair and calculated at arms length.

At the start of the year, R&B Property owed the Company £31,392, which was repaid during the year.. During the year, R&B Property made further payments to the Company, and at the year end, the Company owed R&B Property £7,948.