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REGISTERED NUMBER: 14532988 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

9TH DECEMBER 2022 TO 31ST DECEMBER 2023

FOR

ROBERTSON TECHNICAL LIMITED

ROBERTSON TECHNICAL LIMITED (REGISTERED NUMBER: 14532988)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 9TH DECEMBER 2022 TO 31ST DECEMBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


ROBERTSON TECHNICAL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 9TH DECEMBER 2022 TO 31ST DECEMBER 2023







Directors: P Dunn
G Dunn
N M Haughton
G M Haughton
G Haughton
G D Haughton
C Haughton
H Dunn





Registered office: Pioneer House Unit 3 Beacon Road
Rotherwas Industrial Estate
Hereford
United Kingdom
HR2 6JF





Registered number: 14532988 (England and Wales)

ROBERTSON TECHNICAL LIMITED (REGISTERED NUMBER: 14532988)

BALANCE SHEET
31ST DECEMBER 2023

Notes £ £
Fixed assets
Intangible assets 4 1
Tangible assets 5 210,045
210,046

Current assets
Stocks 6 281,947
Debtors 7 257,373
Cash at bank and in hand 166,443
705,763
Creditors
Amounts falling due within one year 8 1,022,110
Net current liabilities (316,347 )
Total assets less current liabilities (106,301 )

Creditors
Amounts falling due after more than one
year

9

53,507
Net liabilities (159,808 )

Capital and reserves
Called up share capital 12 100
Retained earnings (159,908 )
Shareholders' funds (159,808 )

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

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

ROBERTSON TECHNICAL LIMITED (REGISTERED NUMBER: 14532988)

BALANCE SHEET - continued
31ST 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th September 2024 and were signed on its behalf by:





N M Haughton - Director


ROBERTSON TECHNICAL LIMITED (REGISTERED NUMBER: 14532988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 9TH DECEMBER 2022 TO 31ST DECEMBER 2023


1. Statutory information

Robertson Technical Limited is a private company, limited by shares , registered in England and Wales. 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.

The balance sheet at the year end shows net liabilities of £159,808 which include amounts owed to directors of £196,493. The directors consider that the company is able to meet its obligations as
they fall due and confirm that they will continue to support the company. Therefore they consider it
appropriate to adopt the going concern basis in preparing these accounts.

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 2023, is being amortised evenly over its estimated useful life of one years.

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
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life:

Plant & machinery25% RB
Motor vehicles25% RB

Stock & work-in-progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ROBERTSON TECHNICAL LIMITED (REGISTERED NUMBER: 14532988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9TH DECEMBER 2022 TO 31ST DECEMBER 2023


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and' Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.

ROBERTSON TECHNICAL LIMITED (REGISTERED NUMBER: 14532988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9TH DECEMBER 2022 TO 31ST DECEMBER 2023


2. Accounting policies - continued
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 & leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ROBERTSON TECHNICAL LIMITED (REGISTERED NUMBER: 14532988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9TH DECEMBER 2022 TO 31ST DECEMBER 2023


2. Accounting policies - continued

Pension costs & 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 (including officers)

The average number of employees during the period was 13 .

4. Intangible fixed assets
Goodwill
£
Cost
Additions 1
At 31st December 2023 1
Net book value
At 31st December 2023 1

5. Tangible fixed assets
Plant & Motor
machinery vehicles Totals
£ £ £
Cost
Additions 208,661 5,338 213,999
At 31st December 2023 208,661 5,338 213,999
Depreciation
Charge for period 3,954 - 3,954
At 31st December 2023 3,954 - 3,954
Net book value
At 31st December 2023 204,707 5,338 210,045

The net book value of tangible fixed assets includes £ 132,345 in respect of assets held under hire purchase contracts.

6. Stocks
£
Raw materials 140,318
Work-in-progress 141,629
281,947

ROBERTSON TECHNICAL LIMITED (REGISTERED NUMBER: 14532988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9TH DECEMBER 2022 TO 31ST DECEMBER 2023


7. Debtors: amounts falling due within one year
£
Trade debtors 221,564
Other debtors 30,737
Prepayments 5,072
257,373

8. Creditors: amounts falling due within one year
£
Bank loans (see note 10) 9,989
Hire purchase contracts (see note 11) 12,890
Trade creditors 73,163
Amounts owed to group undertakings 172,947
Amounts owed to related parties 72,318
Social security & other tax 59,359
Other creditors 221,061
Directors' loan accounts 196,493
Accruals & deferred income 203,890
1,022,110

9. Creditors: amounts falling due after more than one year
£
Bank loans (see note 10) 19,933
Hire purchase contracts (see note 11) 33,574
53,507

10. Loans

An analysis of the maturity of loans is given below:

£
Amounts falling due within one year or on demand:
Bank loans 9,989

Amounts falling due between two and five years:
Bank loans two to five years 19,933

ROBERTSON TECHNICAL LIMITED (REGISTERED NUMBER: 14532988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9TH DECEMBER 2022 TO 31ST DECEMBER 2023


11. Leasing agreements

Minimum lease payments fall due as follows:

Hire
purchase
contracts
£
Net obligations repayable:
Within one year 12,890
Between one and five years 33,574
46,464

Non-cancellable
operating leases
£
Within one year 27,630

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £
100 Ordinary shares £1 100

13. Contingent liabilities

There no contingent liabilities at 31st December 2023.

14. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

ROBERTSON TECHNICAL LIMITED (REGISTERED NUMBER: 14532988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9TH DECEMBER 2022 TO 31ST DECEMBER 2023


14. Related party disclosures - continued

During the period, the directors of the company used a current account with the company to record amounts due to them and amounts drawn by them. The balance owed by the company at the end of the period was £196,493.

Interest is chargeable on the directors' loan accounts at a commercial rate of 5% p.a. During the period, the interest charged was £5,063.

The following transactions took place with related parties on normal commercial terms during the period:

Other related
parties
£   

Management fees33,000
Amounts owed by the company72,318
Loans130,000
Loan repayments130,000
Purchases222,280

The company purchased assets and liabilities of Robertson Technical on 31st January 2023.

The company purchased fixed assets of £192,280 from C & J Components Ltd on 31st December 2023 at its market value.

15. Controlling party

The company is controlled by Skylon Group Holdings Limited, which is the ultimate holding company.

Company registration number:14525634
Company registered office address:Pioneer House
Beacon Road

Rotherwas Industrial
Estate
Hereford
HR2 6JF