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Registered number: SC407316
Robertson Project Management (Fife) Ltd
Financial Statements
For The Year Ended 31 October 2023
Gillespie's Fife
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Robertson Project Management (Fife) Ltd for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Robertson Project Management (Fife) Ltd for the year ended 31 October 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Robertson Project Management (Fife) Ltd , as a body, in accordance with the terms of our engagement letter dated 27 February 2015. Our work has been undertaken solely to prepare for your approval the accounts of Robertson Project Management (Fife) Ltd and state those matters that we have agreed to state to the director of Robertson Project Management (Fife) Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Robertson Project Management (Fife) Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Robertson Project Management (Fife) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Robertson Project Management (Fife) Ltd . You consider that Robertson Project Management (Fife) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Robertson Project Management (Fife) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
23rd September 2024
Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
Page 1
Page 2
Balance Sheet
Registered number: SC407316
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 44,882 14,337
Cash at bank and in hand 4,921 13,409
49,803 27,746
Creditors: Amounts Falling Due Within One Year 5 (8,057 ) (8,298 )
NET CURRENT ASSETS (LIABILITIES) 41,746 19,448
TOTAL ASSETS LESS CURRENT LIABILITIES 41,746 19,448
NET ASSETS 41,746 19,448
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 41,646 19,348
SHAREHOLDERS' FUNDS 41,746 19,448
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Duncan Robertson
Director
23rd September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Robertson Project Management (Fife) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC407316 . The registered office is 15 Kinnordy Place, Glenrothes, Fife, KY7 4UP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Manufacturing 1 1
1 1
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 5,866 5,866
Director's loan account 39,016 8,471
44,882 14,337
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 59 -
Corporation tax 7,218 7,578
Accruals and deferred income 780 720
8,057 8,298
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Page 4
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr Duncan Robertson 8,471 57,196 26,651 - 39,016
The above loan is unsecured, interest free and repayable on demand.
8. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 8,475 12,100
Final Dividends of £21,400 were declared on 6 April 2024.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr D Roberson by virtue of his ownership of 100% of the issued share capital in the company.
Page 4