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REGISTERED NUMBER: SC200893 (Scotland)




















RE International Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






RE International Limited (Registered number: SC200893)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RE International Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr R A Wann
Mr J A Wann



REGISTERED OFFICE: C/O Linkswood Hlds Boulterhall
Newport on Tay
Fife
DD6 8RF



REGISTERED NUMBER: SC200893 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank of Scotland PLC
40 Albyn Place
Aberdeen
AB10 1YN



SOLICITORS: Pinsent Masons
13 Queen's Road
Aberdeen
AB15 4YL

RE International Limited (Registered number: SC200893)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 241,826 204,842

CREDITORS
Amounts falling due within one year 5 206,626 250,633
NET CURRENT ASSETS/(LIABILITIES) 35,200 (45,791 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,200

(45,791

)

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 5,200 (75,791 )
SHAREHOLDERS' FUNDS 35,200 (45,791 )

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 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.

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 29 August 2024 and were signed on its behalf by:



Mr R A Wann - Director


RE International Limited (Registered number: SC200893)

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

1. STATUTORY INFORMATION

RE International 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 and revenue recognition
Turnover represents net invoiced provision of consultancy services, excluding value added tax.

In this respect, revenue is recognised in line with performance, to the extent that a right to consideration arises.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RE International Limited (Registered number: SC200893)

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

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on the going concern principal which assumes that the company will continue to trade for the foreseeable future. In order to do so the company will require the continued support of its creditors.

Financial instruments
Financial instruments comprise financial assets and financial liabilities which are recognised when the company becomes a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS102 and are accounted for at amortised cost using the effective interest method. The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

Financial assets at cost comprise cash and other debtors. Financial liabilities comprise bank and other loans, accruals and other creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 94,653 5,375
Other debtors 147,173 199,467
241,826 204,842

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,698
Taxation and social security 31,507 31,361
Other creditors 175,119 216,574
206,626 250,633

RE International Limited (Registered number: SC200893)

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

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr R A Wann
Balance outstanding at start of year 125,022 (1,431 )
Amounts advanced 2,597 126,453
Amounts repaid (54,889 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,730 125,022

The balance is unsecured and repayable on demand. Interest is charged at 2% per annum up to 31 March 2023 and at 2.25% per annum thereafter.

7. SECURITY

The Royal Bank of Scotland holds a bond and floating charge over the assets of the company.