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REGISTERED NUMBER: SC368218 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

R2O ENGINEERING LIMITED

R2O ENGINEERING LIMITED (REGISTERED NUMBER: SC368218)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R2O ENGINEERING LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: P M Masterson





REGISTERED OFFICE: First Floor, 5 Abercrombie Court
Prospect Road
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FE





REGISTERED NUMBER: SC368218 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

R2O ENGINEERING LIMITED (REGISTERED NUMBER: SC368218)

Balance Sheet
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 129,216 131,593

CURRENT ASSETS
Debtors 5 132,139 149,002
Cash at bank 194,510 158,176
326,649 307,178
CREDITORS
Amounts falling due within one year 6 46,215 49,103
NET CURRENT ASSETS 280,434 258,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,650

389,668

CREDITORS
Amounts falling due after more than one
year

7

55,590

56,426
NET ASSETS 354,060 333,242

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 353,960 333,142
SHAREHOLDERS' FUNDS 354,060 333,242

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

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

R2O ENGINEERING LIMITED (REGISTERED NUMBER: SC368218)

Balance Sheet - continued
30 NOVEMBER 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 director and authorised for issue on 31 July 2024 and were signed by:





P M Masterson - Director


R2O ENGINEERING LIMITED (REGISTERED NUMBER: SC368218)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

R2O Engineering 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on cost

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.

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 1 (2022 - 1 ) .

R2O ENGINEERING LIMITED (REGISTERED NUMBER: SC368218)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 151,669 4,499 1,369 157,537
Additions - - 1,209 1,209
At 30 November 2023 151,669 4,499 2,578 158,746
DEPRECIATION
At 1 December 2022 21,231 3,616 1,097 25,944
Charge for year 3,033 221 332 3,586
At 30 November 2023 24,264 3,837 1,429 29,530
NET BOOK VALUE
At 30 November 2023 127,405 662 1,149 129,216
At 30 November 2022 130,438 883 272 131,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 46,665
Other debtors 272 272
Prepayments and accrued income 35,867 16,065
Inter company loan 96,000 86,000
132,139 149,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 13 13
Tax 33,264 30,093
Social security and other taxes 1,104 -
VAT 6,222 13,659
Directors' current accounts 612 338
46,215 49,103

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 30,590 31,426
55,590 56,426

R2O ENGINEERING LIMITED (REGISTERED NUMBER: SC368218)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,590 31,426